About Babacar
Senior Actuary specialized in Social Commitments (IAS 19), Pensions and AI/Data.
French
Native or bilingual
Experience
- Caisse de Sécurité sociale du SénégalSenior Actuary ConsultantCONSULTING AND AUDITSJanuary 2025 - August 2025 (7 months)Actuarial study for the Social Security Fund to measure the viability and solvency of its branches.The main objectives of the mission are:• Evaluate the viability and solvency of the Fund's scheme in its current state;• Analyze the impact of extending the scheme to the RSPC;• Update the pricing of the annuity premium for the work-related accidents and occupational diseases (WAOD) branch.Specifically, this involves:• Studying the medium and long-term balance of the family benefits branch and the work-related accidents and occupational diseases branch based on different scenarios that could impact revenues and expenses, and proposing parametric reforms to balance the branches in case of deficit;• Studying the medium and long-term balance of these branches in the case of an extension to the RSPC based on different enrollment scenarios that could impact revenues and expenses;• Updating the pricing of the annuity premium for the work-related accidents and occupational diseases branch.The conclusions of the work have helped guide the CSS in managing its financial resources and planning future reforms.
- Ministère des Finances du Sénégal/Direction des pensions (Fonds National de Retraite, FNR)Counter-expertise of the Internal Actuarial Simulator/Training of Directorate ManagersJanuary 2024 - January 2025 (1 year)MISSION 1: Conducting an actuarial social commitments training seminar for all Directorate managersMISSION 2: Counter-expertise of the Internal Actuarial Simulator1. The Simulator
- Detailed modeling of the entire population covered by the FNR (active contributors, beneficiaries, retirees, widows, and orphans).
- Calculation of FNR commitments towards active contributing agents, beneficiaries, and pensioners.
- Actuarial study enabling the FNR to assess its financial situation at a given date to determine the schemes' capacity to finance future commitments to retirees.
- Development of demographic and financial projections for the basic and supplementary civil and military pension schemes to determine the scheme's balance and its horizon of viability, if applicable.
2. General Objective of the MissionThe general objective of the mission is to have the actuarial valuation simulator validated by independent experts in compliance with relevant standards.3. Specific Objectives of the MissionSpecifically, the experts are to validate:- The mathematical modeling report containing all mathematical formulas used in the demographic and financial projection procedures for the basic and supplementary schemes.
- The computer program process developed for automating the calculation of revenues and expenses year by year.
- The statistical data analysis.
- The determination of assumptions and indicators.
- The input of data and assumptions into the model.
- The projection results.
- The analysis and interpretation of results.
- The sensitivity test results.
- The actuarial valuation report, with emphasis on the presentation of the different sections.
- • ASECNA (Agence pour la sécurité de la navigation aérienne en Afrique et à Madagascar)Senior Actuary Consultant Actuarial/AIJanuary 2024 - January 2025 (1 year)Calculation of provisions related to ICA "Cessation of Activity Indemnities" and AS "Special Allowance" schemes- Processing of employee data, anomaly detection, verification of N, N-1 data, etc.- Valuation of pension commitments according to IAS 19/IFRS standards- Accounting for pension commitments according to IAS 19/IFRS standards- Training of Moore firm consultants in techniques for valuing and accounting for social commitments according to IAS 19/IFRS standards
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Education
- Master 2 Statistical Engineering and Actuarial ScienceInstitut de Mathématiques Appliquées2012Actuariat, statistiques, finance
- Executive MasterUniversité Paris Dauphine2013Finance, Finance islamique
Certifications
- PowerPivot PowerQueryFormatRecrut2022