Andreas Stabno

Experience

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  Congregation

  Jan 1995 - Jan 2003

  Financial Officer

  Led all financial activities including planning, budgeting, accounting, fundraising, education and audit.● Set and accomplished budget goals and expanded operational reserves.● Led fundraising to retire debt of 150% annual budget in less than 2 years.● Caused the membership to look forward to and enjoy the calls to fundraising.

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  Generali USA Life Reassurance

  Jan 2003 - Jan 2013

  Led risk management activities for executive risk committee and senior management team. Set guidelines and tolerances, established controls, measured results and monitored exposure.● Developed appraisal value and presented technical components to the bidders in preparation for the $750 million sale of the company.● Communicated as primary liaison with Italian parent to implement new methodology for ERM, Solvency-II Economic Capital, and Embedded Value. Developed overall framework that bridged European requirements with particular U.S. business needs. ● Created capital formula for mortality risk components: pandemic, level, trend, and volatility. The adopted formula prevented the company from booking economic insolvency and resulted in an appropriate determination of capital for mortality risk.● Participated in assessing risk mitigation solutions: traditional retrocession, clash coverage, and catastrophe coverage. A reduction in the level of traditional retrocession saved $2-$5 million annually while maintaining acceptable risk tolerances. Show less Led financial modeling activities for all individual life reinsurance business.● Created and optimized projection models through treaty reviews, data mapping, assessment of experience, assumption setting, validation, coding, and analysis. Structural optimizations resulted in processing 200% of the data in 50% of the time.● Converted projection system from TAS to AXIS, resulting in enhanced model update capabilities (minutes vs hours), consistency of assumptions, and minimal variance to the key financial drivers: EV and GAAP income.● Ensured consistency of methodology, assumptions, sensitivity testing, and profitability expectations between corporate and pricing departments, with the result of improving pricing practices and identifying profitability variances leading to client actions.● Developed key components for the operational plan, profitability studies, offshore reporting, and valuations including GAAP, U.S. statutory, and tax. Show less

  • VP & Chief Risk Officer

    Jan 2007 - Jan 2013

  • Financial Actuary / VP

    Jan 2003 - Jan 2007
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  Congregation

  Jan 2005 - Jan 2005

  Pastor

  Provided leadership to 200 members, 10 key leaders and their direct reportsBegan five year term of bi-vocational service in 2005.● Formed and communicated strategic mission, assigned expanded roles to new participants and visited fringe individuals to connect them to the main membership.● Created organizational structure and provided leadership to ten senior leaders, most with several direct reports.● Explored feasibility of combining two congregations and engaged the full membership in intensive listening activities prior to merger.● Prepared and led educational workshops, elections of officers, budget presentations and mission driven activities. Show less

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  Summit Play

  Jan 2006 - Jan 2006

  Founder and Managing Member

  Evaluated and executed strategic plan as well as marketing and operational procedures to propel e-commerce start-up to one of its market's top ten stores by global sales with the highest brand recognition. Founded in 2006 and managed actively through 2015.● Developed operational system to provide the industry’s fastest and most reliable service, resulting in 100% positive customer feedback.● Positioned company with strong brand recognition and customer loyalty program, resulting in first year profitability. ● Planned purchasing schedule, pricing strategy and staffing needs.● Launched targeted coupon initiative, which increased web traffic by 30%.● Moved the e-commerce value proposition from a commodity product to a high service experience. Show less

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  SCOR Global Life Americas

  Jan 2013 - Jan 2016

  VP Modeling & Risk

  Managed local staff and coordinated the team’s financial modeling and reporting with remote offices. Supervised three direct reports and other key positions for long-term projects. Created projections for eight million records across hundreds of treaties and thousands of products.● Harmonized key assumptions across three portfolios covering $1.8 trillion of life in force, revealing material premium and mortality tail risk.● Converted projection system from AXIS to Prophet, resulting in enhanced audit capabilities, shared processing across multiple teams, and minimal variance to the key financial drivers: MCEV, GAAP, U.S. statutory and tax reserves.● Developed and retained high performance team during time of organizational change. Only team with multiple participants in the company’s recognition of future company leaders.● Performed IFRS and Regulatory GAAP valuations, MCEV and Solvency-II BEL projections, and portfolio analysis. Valuation team recognized consistently with accurate and on-time reporting. Show less

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  North America Life and Health

  Feb 2017 - Mar 2024

  Actuarial Controller

  Drove governance and controllership of actuarial processes for ~$40 billion reinsurance portfolio consisting primarily of long term care and life policies, structured settlement annuities, and variable annuities. Provided guidance and oversight to team of 20 actuaries.● Directed loss recognition testing, incorporating investment data related to discount rates and cash flows across all product lines, during the company’s time of intense financial challenge.● Managed the review and reporting of guidelines, policies, experience, assumptions, cash flow testing, and loss recognition testing with presentations to the Insurance Liability Committee and to the Board of Directors.● Led the management challenge of experience reviews and assumption setting, coordinated the formalized process of peer reviews, and managed actuarial components of internal and external audits. Show less

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  Employers Reassurance Corporation - GE Aerospace

  Mar 2024 - now

  Managing Actuary