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Senior Actuarial Executive & Industry Thought Leader | Profile 9343

The Candidate, an FSA, MAAA, is a highly experienced and credentialed actuary with a comprehensive background in actuarial science, spanning over four decades. Their expertise encompasses a wide range of actuarial functions, including leadership roles, product development, financial reporting, and regulatory compliance.

Summary of Accomplishments and Qualifications

  • Successfully led actuarial teams and provided expert thought-leadership, contributing to innovative product development and valuation processes in both traditional and non-traditional markets.
  • Developed and implemented new systems for actuarial valuation and policy administration, significantly improving process quality, consistency, efficiency, and control measures.
  • Played a pivotal role in financial and actuarial reporting, including GAAP, Stat, and Tax liability valuation, as well as reserve testing across various lines of business such as Life, Annuities, Medicare Supplement, and Long Term Care, among others.
  • Spearheaded the remediation of a Material Control Weakness by conducting extensive analysis, system installations, procedure verifications, and the creation of additional control procedures.
  • Enhanced automated calculation and processing of Return of Premium benefits from 10-15% accuracy to over 95%.
  • Actively involved in the evaluation and execution of acquisitions, divestitures, and reinsurance transactions, significantly improving the company's capital structure, risk profile, and capital generation.
  • Directed the appraisal process and negotiations for a significant corporate sale, achieving a sale price at a 15% premium over the market price.
  • Developed and directed actuarial staffs, overseeing product development, pricing, financial reporting, and valuation for a broad range of insurance products.
  • Managed reinsurance arrangements, including valuation and administration, ensuring adequacy and profitability.
  • Implemented PGAAP reserving for acquisitions, enhancing financial stability and compliance.
  • Contributed to the development of numerous competitive and profitable insurance products.

Credentials and Volunteering

  • Holds significant professional designations in the actuarial field since the mid-1980s, showcasing deep knowledge and commitment to the profession.
  • Served on various boards and committees, both within the actuarial community and in volunteer organizations, demonstrating leadership and a commitment to community service.

Litigation Support Experience

  • Provided expert litigation support in several high-profile cases, including policyholder lawsuits and disputes over reinsurance transactions. Demonstrated ability to develop damage models and provide critical analysis under legal scrutiny.

The Candidate's career is marked by a track record of innovation, leadership, and a deep commitment to the actuarial profession. Their extensive experience and proactive approach to challenges make them a valuable asset to any team.

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