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Actuary Resume Samples
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6-10 years of experience
Designed life insurance products, including Term, Term Universal Life, a lump-sum disability rider and annuities.
- Achieved designation of Fellow in the Society of Actuaries.
- Minimized NACOLAH’s statutory reserves and use of capital by restructuring the Guideline XXX factors used in term and universal life pricing.
- Developed NACOLAH’s first 30-year term product.
- Streamlined pricing functions by redesigning the term premium interpolation, cash value and anti-selection calculation methods for the product development area.
- Fulfilled yearend requirements by preparing Actuarial Opinions, Memorandums and Executive Summaries for 4 affiliated companies.
- Revitalized New York subsidiary business by adapting nationwide products to comply with New York’s regulatory requirements: Regulation 147 (New York’s original Guideline Triple-X) and Regulation 149 (segmented cash values).
0-5 years of experience
Lead Pricing Actuary for numerous permanent and term life products for direct and face-to-face distribution channels
- Managed two contract actuaries during the analysis and implementation of a large dividend scale effort across multiple administration systems
- Trained actuarial and non-actuarial staff on experience study analysis, administration systems, and tools to support pricing and profitability tasks
- Selected to participate in a newly created Actuarial Student Program
- Developed and promoted the use of Actuarial Validation tools to improve the testing process during product and dividend scale implementation efforts
6-10 years of experience
Designed life insurance products, including Term, Term Universal Life, a lump-sum disability rider and annuities.
- Achieved designation of Fellow in the Society of Actuaries.
- Minimized NACOLAH’s statutory reserves and use of capital by restructuring the Guideline XXX factors used in term and universal life pricing.
- Developed NACOLAH’s first 30-year term product.
- Streamlined pricing functions by redesigning the term premium interpolation, cash value and anti-selection calculation methods for the product development area to be used through 2008.
- Annually summarized Asset Adequacy Testing results to meet year-end regulatory requirements.
- Prepared Actuarial Opinions, Memorandums and Executive Summaries for 4 affiliated companies.
- Revitalized New York subsidiary business by adapting nationwide products to comply with New York’s regulatory requirements.
- Revised term portfolio to comply with New York State Insurance Department newly passed Regulation 147 (New York’s original Guideline Triple-X) and Regulation 149 (segmented cash values).
0-5 years of experience
- Resigned from position due to husband’s job relocation
- Developed pricing for 40 products for new and existing business partners based on the projected risk and coverage levels to meet administrative and underwriting profitability guidelines while ensuring rate compliance with the various state filings
- Identified 77 accounts with negative contribution to overhead and worked with claims and sales to develop a plan-of-action to either work with accounts to improve their losses or terminate fraudulent accounts
- Identified and corrected 37 existing products with compliance issues
- Generated reports on account performance for underwriters and a monthly and weekly report for executives to visualize product performance by line of business
0-5 years of experience
Worked on the company’s major business blocks reserve valuation, trend analysis and forecast.
- Performed a variety of quarterly and annual reserve financial reporting functions, including MA and NY state valuation filing.
- Provided dedicated and valuable support to the annual audit and state examination.
- Provided in force/claims data to and requested/reviewed reserve information from outside business partners pertaining to newly developed Accident & Health products.
- Assisted and provided guidance to Controllers with respect to their forecast enhancement project.
- Peer reviewed the valuation team’s functions and coordinated, compiled and presented the results of the valuation team’s studies/researches to the managers.
0-5 years of experience
Performed monthly life claim reserves, annual statement reserves, and special projects.
- Simplified monthly reporting by combining two large alfa models into one.
- Enabled us to sell business in the state of New York by working with a team to create and test parameters for a new system.
- Contributed to allocating future department resources by analyzing the VM-20 regulation.
0-5 years of experience
Performed hospital provider contracting analysis to develop pricing for the Richmond expansions
- Performed monthly claims reserve calculations and revised restatement of actual to expected outstanding claims
- Involved in forecasting of claims, revenue, and expenses
- Maintained the pricing model
0-5 years of experience
Served as first in-house actuary for former consulting client
- Performed quarterly reserve analyses and signed the annual Statement of Actuarial Opinion
- Implemented regular pricing reviews for Commercial Multi-Peril and Businessowners lines of business
- Developed templates for analysis of rate adequacy by state and program
- Assisted in launch of Workers’ Compensation program
- Served on internal Underwriting Committee to discuss areas of potential growth and profitability
- Created management and marketing reports
- Provided rate filing support and responded to insurance department inquiries
0-5 years of experience
- Quickly identified profitability concerns regarding the products and company practices, despite multiple external consultant & auditor reviews that failed to inform management
- Results of analysis led to the closure to new sales and placed in runoff 5 months after start date
- Created premium persistency and lapse studies from raw data
- Began an investment committee and created investing guidelines
- Convinced external auditors to allow a simplified, model based approached for reserving
0-5 years of experience
- Management Reporting – Developed reports on production for Ordinary and Preneed business units. Produced reports on Preneed persistency and Annuity surrender risk.
- Auditing – Performed audits of Ordinary, Annuity, and Preneed business administered by multiple TPAs including current business and unclaimed property.
- Financial Reporting – Produced statutory and tax financial exhibits for three companies.
0-5 years of experience
Managed actuarial valuations for corporate and public defined benefit pension plans
- Asset liability management studies: Projection of accrued benefits, required minimum contribution, pension expense, and impact on funding status
- Reviewed actuarial valuations for post-retirement medical plans
- Prepared nondiscrimination testing for DB plans
- Calculated retirement benefits for individuals
- Performed data work and programming actuarial valuation software for running annual valuations
- Produced and reviewed sample lives for valuations
- Calculated account values for test policies by writing and debugging scripts in Visual Basic
0-5 years of experience
Management Role
- Managed Chicago actuarial practice (flagship location)
- Monitored financial results and staff performance
- Developed operations data repository and management reports
- Serviced Milwaukee Office brokerage clients
- Viewed as national resource of medical professional liability (MPL) sector
- Developed Excel-based actuarial projection template
6-10 years of experience
- Design models to monitor and predict customer behavior and product trends, including premium paying patterns, churn rates and underwriting standards changes
- Create analytics and attribution reports that evaluate portfolio positioning relative to benchmarks, as well as explain the source of excess returns of the asset portfolios that back the company’s annuity products
- Utilize expertise in Excel to develop correlation and relative value matrices used to identify attractive fixed income investment opportunities
- Analyze, build and test investment models that simulate the usage of different derivative strategies to mitigate interest rate risk and cash flow mismatches
- Build Excel/VBA-based Long Term Care product model to incorporate a new coinsurance agreement, used for financial projections for a $2 billion line of business
- Help clients and insurance agents better understand their insurance products by explaining the mechanics of cash values, premiums and dividends in a simple and understandable way
0-5 years of experience
Manage financials for clients ranging from 200 to 60,000 employees
- Provide annual budget and rate projections
- Create quarterly, semi-annual and annual reserve estimates
- Model benefit options for clients
- Analyze monthly experience and provide ongoing reporting
- Assist in day-to-day client management as needed
0-5 years of experience
Organize actuary awareness events such as presentations and panelists. Because there is no actuarial sciences major at [company name], many qualified students are unaware of the field.
- Organize and coordinate events such as mock interviews and shadowing actuaries at companies including CNA and Allstate.
- Proficient in SQL
- Proficient in Python
- Proficient in SPSS
- Proficient in Microsoft Word, PowerPoint and Excel
- Basic Spanish
6-10 years of experience
Lead actuarial support for private passenger auto in the state of Florida
- Play integral role in product development, implementation and conversion of the Florida legacy auto product into multivariate program
- Provide full actuarial support for one of MAPFRE’s subsidiaries – American Commerce Insurance Company (ACIC) for ten different states (including NJ and NY)
- Responsible for ACIC’s full quarterly reserving analyses for all lines of business
- Run quarterly maintenance of ACIC’s pricing and loss development Access databases
- Fully assist pricing manager with all actuarial support and state specified forms for the State Insurance Department
- Build and test rater in SAS for Florida private passenger auto book of business for more accurate rate impacts
- Conduct user acceptance testing for newly implemented Business Objects querying tool
- Complete New Jersey and Florida auto excess profit reports annually
- Submit New York auto expense data calls annually