Experience

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  Equitable

  Jul 1994 - May 1998

  Member of the actuarial development program

  • Reinsurance Business Office: Responsible for pricing assumed life reinsurance deals. Developed assumed pricing mortality assumptions. Performed a study on entering the assumed GMxB marketplace using an APL pricing model that I developed.• Life Pricing: Supported the pricing and illustrations for the original Equitable Universal Life Product (EUL). Automated the APL pricing model profit target calibration. Estimated the financial impacts of the creation of a potential new offshore life company.• Life Projections: Led the PTS projection model development and provided AAT and strategic projections for the variable and interest sensitive life products. Provided monthly benchmarking data used to make monthly NGE crediting recommendations.• Actuarial Valuation: Performed monthly statutory and GAAP reserve calculations for both the Equitable of Colorado (EOC) legal entity and Equitable SPDA businesses. Performed annual PTS based EOC cash flow testing projections and drafted the Actuarial opinion memo for the Chief Actuary. Show less

• 

  Alliance capital

  May 1998 - May 1999

  Quantitative analyst

  • Led asset-liability analysis for the Alliance Insurance Group. Worked with portfolio managers and external insurance clients to develop investment strategies. • Performed insurance client monthly performance and risk attribution reporting.

• 

  Axa us

  Jun 1999 - Jan 2020

  • 2018 AXA Equitable Chairman’s Award winner: Developed strategies for and successfully closed $1.2b of transactions within the 1st 8 months (SPDA coinsurance, pension risk transfer and private placement COLI purchases for hedging NQDC plans). Created more than $6m in ongoing annual savings.• Performed systematic block transaction screens and developed a successful business case for the sale of a non-core life company.• Direct report to the Head of the Legacy Business Area. • Member of Reinsurance and Deal committees. Show less • Led the Financial Risk, New Product Risk and Asset Modeling teams. Direct report to the CRO.• Developed and implemented the enterprise risk appetite framework and led the quarterly financial risk exposure monitoring spanning earnings, value, capital, and liquidity measures.o Worked with CEO and other ExComm members to update the annual risk limits & alerts levels.o Developed a quarterly Financial Risk Dashboard for the Board of Directors.o Led the development of a stochastic VaR model for GMxB rider hedging.• Overall responsibility for the model development, process, and reporting for Solvency II. Presented and reported results to AXA Group CFO and CRO.• Responsible for developing Risk Management 2nd opinions: new GA investments, new life, annuity & employee benefit products, strategic planning, and potential M&A deals.• Managed and streamlined the GA asset modeling for all actuarial projection use cases.• Managed the quarterly ALM Committee. Member of ALM Investment, Capital & Liquidity, NGE, Pension Risk, Model Governance and Assumptions committees.• Supported financial analysis for potential M&A and management actions. Show less • Led the Capital Forecasting, Economic Value, Solvency II PMO and Financial & Life Risk teams. Direct report to the Deputy CRO.• Built a new Capital Forecasting function and team: Developed and executed processes delivering both quarterly IFRS & stochastic on stochastic statutory 5-year forecasts and RBC & liquidity stress testing. Presented results to AXA Group CFO, CRO and Treasurer. Worked with IT to implement a 2,800 calculation engine grid to support MG ALFA, MG Hedge, and GGY Axis projections.• Streamlined the European Embedded Value and Solvency II processes to significantly reduce the production time despite a 6X increase in the projection requirements.o Led the development and quarterly execution of Solvency II processes and annual ORSA report to the Board of Directors. Developed a simplified methodology to forecast EEV, and Solvency II valuations to limit expenses and production time. Developed the process to create replicating portfolios to model economic liabilities for Short Term Economic Capital (STEC). o Led the development and execution of the IFRS Goodwill recovery testing process.• Co-developer of the quarterly AXA Equitable Risk Book including risk exposure indicators, financial risk profile, RBC, liquidity, & STEC stresses, duration gap and insurance risks.• Managed the bi-weekly Asset-Liability Committee: Provided monthly calculation of the duration and convexity gaps.• Led the development and implementation of an automated consolidation and reporting system that was used to for all actuarial projections: Updated tools and processes to integrate cash flow model migration from MG ALFA to GGY AXIS. • Supported analysis for potential M&A, investment, and management actions: provided what-ifs for earnings, value, capital, and liquidity. Show less • Built and concurrently led the Corporate Models Consolidation and Model Steward teams.• Led the development of the process used to manage, consolidate, and report the GAAP, Stat and IFRS Strategic Plan projections. Managed the delivery of results and analysis to the valuation team.• Developed an end-to-end Cash Flow testing projections, consolidation, and reporting process for all legal entities. Managed the annual execution and delivery of results to the Chief Actuary.• Developed the process used to calculate and report traditional Embedded Value (EV) and New Business Value (NBV). Presented results to AXA Group CFO.• Built a team and led the transition from Traditional EV to market consistent European Embedded Value (EEV) and NBV. Presented results to AXA Group CFO.o Worked closely with central AXA Group team to develop the methodology used to calculate EEV and NBV. o Developed the stochastic TAS and MG ALFA EEV ALM models. Worked with IT to implement an MG ALFA server grid of 650 engines.o Developed local methodology used to perform the analysis of change: Designed and built an automated EEV/NBV consolidation system used to report and analyze the results. o Performed semi-annual US GAAP Goodwill recovery testing; revised methodology to respond to the financial crisis and transitioned to from US GAAP to IFRS Goodwill recovery testing.o Provided sensitivities used as inputs for the internal STEC model.• Led the implementation of the stochastic real-world Long-Term Economic Capital model (without any incremental budget). Developed stochastic TAS models and corresponding dynamic assumptions. Developed an automated local PC grid farm to launch the model runs and perform the consolidation of results over night. Presented results to AXA Group CRO.• Recruited and managed a new Model Steward team that maintained the Corporate Actuarial MG ALFA Model. Led the design and implementation of the actuarial model change process.• Evaluated potential 49-1 options. Show less

  • Head of Actuarial Process Design and Improvement - Lead Director

    Jan 2019 - Jan 2020

  • Head of Strategy and Transactions - Legacy Business - Lead Director

    Jun 2017 - Jan 2019

  • Head of Financial Risk Management - Lead Director

    Mar 2013 - Jun 2017

  • Head of Corporate Risk and ALM - VP & Senior Actuary

    May 2009 - Feb 2013

  • Head of Corporate Models - VP & Actuary

    Jun 1999 - Apr 2009
• 

  Equitable

  Jan 2020 - Jul 2022

  Head of actuarial process design and improvement - lead director

  • Secured $100m budget approval for a comprehensive 5-year Actuarial Modernization program. Led LDTI gap analysis and the design of an automated end to end actuarial reporting process architecture.• Developed and facilitated the execution of the strategy for remediating the valuation process elements of the statutory reporting material weaknesses. • Facilitated redesign of model change management, model governance, and model findings processes.• Direct report to the Chief Actuary.

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  Corebridge financial

  Sept 2022 - now

  Head of capital planning and analysis

  Responsible for regulatory and rating agency capital management and optimization, including:• Capital reporting, modeling, stress testing, and forecasting, • Development of the annual capital plan, and • Quarterly assessment of capital adequacy• Direct report to the Chief Financial Officer