Actuary Resume

Work Experience

Prudential Financial, Woodbridge, NJ (December 2005 to Present)
Actuary

  • Evaluate contingent risks, such as mortality/longevity risks, asset-liability matching risks and expense risks.
  • Provide pricing support for new and existing annuity Defined Benefit products using an actuarial model.
  • Performed margin and ROE analysis of single premium group annuities
  • Coordinates, prepares and performs actuarial analysis to assist in the development of rates, pricing strategies, and financial forecasts used in actuarial recommendations and reporting
  • Report sales information to portfolio manager that is used in hedging strategies to cover the company’s liabilities
  • Provide pricing cost to assume plan liabilities for Request For Proposals
  • Review define benefit plan documents or contracts to interpret actuarial assumptions and convert into factor tables for use in benefit calculations
  • Prepare and disseminate reports and analysis of investment exposures required by Relationship Managers and Portfolio Managers on holdings in the General Account portfolio and its liabilities. The reports and analysis are used to monitor adherence to investment policies and funding adequacy of each contract. Creating and maintaining the reports include the manipulation of large databases and spreadsheet creation.
  • Assess asset sufficiency to pay contract liabilities in compliance with NY Regulation 128 (“Reg 128″) requirements.
  • Monthly calculation of contract liability and spillout amounts, Asset/Liability ratios, and fees
  • Monthly calculation of STAT & GAAP liability for additional reserves
  • Complete annual client valuations based on actuarial assumptions, cash flows and interest rates as of year end
  • Various ad-hoc projects to address client issues or requests

Aflac, New York, NY (January 2002 to December 2005)
Life Insurance Arbitration Representative

  • Defended Prudential’s award offer in mediation and arbitration through teleconference
  • Resolved complex cases and approved individual settlement offers made to policyholders, while ensuring compliance with insurance regulations
  • Negotiated settlements in mediation that saved the company from paying arbitration costs
  • Analyzed, validated and determined remedies for claims involved in class action law suit against Prudential and several other insurance companies.
  • Performed analysis to determine the validity of policyholder claims involved in class action lawsuit
  • Awarded remedies based on available evidence supporting policyholder claims of deceptive marketing practice by sales agents

Modern Woodmen of America, Rock Island, IL (February 1998 to January 2002)
Assistant Actuarial Technician

  • Assisted in the development and execution of various financial models used in product development, financial analysis, and valuation
  • Reallocated assets as needed when lines of business are overfunded or underfunded
  • Allocated expenses and investment income for various lines of business
  • Assisted in the study, maintenance, and operation of appropriate models used to analyze, monitor, and project company’s financial results under a variety of assumptions and conditions
  • Developed and analyzed experience studies used in actuarial research for financial analysis and reporting
  • Analyzed reinsurance treaties to determine correct product placement within various treaties
  • Ensured appropriate ratings and reinsurance rates among reinsured policies
  • Developed reinsurance treaties for use on reinsurance software
  • Audited and verified certificate rates and values for valuation and administrative systems
  • Prepared numerous statistical reports implementing new products into reports, and created new reports as needed for department, home office, state reporting, and auditors
  • Maintained and balanced records of insurance in force
  • Prepared and audited various product and membership demographic reports to analyze company business
  • Prepared quotes and illustrations on values for various products requested by members, field representatives, and various departments
  • Reviewed error lists and corrected values pertaining to certificates for valuation and gain/ loss analysis
  • Calculated premiums and reserves held on certificates
  • Provided support to internal and external auditors during their reviews

Education

Master of Business Administration in Risk Management – St. John’s University, New York, NY

Bachelor of Arts in Mathematics – Rowan University, Glassboro, NJ

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