Lynn Pogas, FSA, MAAA
Souderton, PA 18964
215-***-**** HOME
215-***-**** CELL
Career Objective: Reinsurance, Valuation, and Modeling of Life,
Annuities, and Health products
Summary of Qualifications
Results-driven actuary with a proven record of $3.3 billion modified
coinsurance reserves of reinsurance along with $184 billion fund withheld
on Schedule S page 3 Section 1 of the Blue Book for Statutory Reserves.
Recognized for selling and maintaining various systems for valuations for
clients producing $1.45 M each year. Consulted with companies to meet
their high expectations. For annuities I worked on several companies
ALM's, and the cash flow testing of assets and liabilities. The
projections were done by changing lapse rates, credited interest rates and
competitor credited rates, the assumed credited and dividend interest rates
of competitors, investment yields varying by interest scenario, and company
investment strategy. This included both fixed and variable annuities,
providing the company had both types of annuities.
Actuarial Designations
FSA 1994
MAAA 1991
Professional Experience
London Life Reinsurance Company, Blue Bell, PA, December 2008 - Present
Actuary, Administration
London Life Reinsurance Company, a member of the Great West family of
companies. London Life Reinsurance Company usually retrocedes to London
Life International Reinsurance Company, but it may retrocede to another
reinsurer depending upon the Treaty
. Review and sign off on all clients on either a quarterly basis or
monthly basis (dependant on client and/or product type)
. Designing new client spreadsheets based on presentation of surplus
relief, RBC, traditional, or credit.
. Report Exhibit 5, Policy Exhibit and Schedule S for statutory Reserves
for multiple companies
. Comply with audit issues - provide all of the treaties and addendums,
novations, etc.
. Review investment income for multiple treaties
. Developed budgets for all of the companies in the Great West
. Adjust the "Letters Of Credit" for each quarter
. Model in force reinsurance treaties and project them out under
different scenarios
. Pay death claims and LTD claims monthly to multiple clients
. Management and mentoring of actuarial student
AIG (ALICO) Corporation, Wilmington, DE, July 2007 - April 2008
Independent Consultant - Actuary
ALICO is a multinational entity. My primary objective was to work on GAAP
and Statutory reserves for Universal Life products sold in Japan. My
secondary objective was to develop specifications for 10 countries and
build their products to fit into the PolySystems LifeMaster product.
. Received sub-totals from Japan of GAAP and Statutory Income Statements
. Answered auditing questions on an as-needed basis
. Performed ULMaster in PolySystems to determine preliminary results for
statements
. Compiled links in spreadsheets to determine Statutory and GAAP
reserves quarterly
. Completed SOX reviews for each quarter
. Performed LifeMaster in PolySystems for several countries
Lynn Pogas - continued
INS Consulting, Philadelphia, PA, January 2007 - March 2007
Consulting Actuary
. Review and sign off on Statutory reserves for Traditional, UL,
Annuity, Health, and Reinsured products that enter the Green and Blue
books for Delaware domestications
. Provide auditing capabilities for states that request our assistance
. Review detail for new products and make sure the new products follow
the guidelines for Delaware
PolySystems, Inc., Cherry Hill, NJ, August 1997 - August 2006
Actuarial Consultant
PolySystems is the premier vendor of actuarial systems and consulting and
is based in Chicago, IL. As a key player in our Cherry Hill, NJ office, I
assisted a number of high profile clients in utilizing the suite of
products developed by PolySystems. My roles and responsibilities included
financial reporting, product analysis and client training. A considerable
part of my time was also spent working with our clients' international
businesses.
. Consulted and trained key clients to operate the PolySystems Life, UL,
Annuity, IncomePay and Health products
. Managed Statutory, Tax, and GAAP valuations
. Compiled earnings projections for clients in increments of 1 to 25 year
terms
. Developed actual to expected results of earnings ranging from 1 quarter
to 1 fiscal year
. Utilized PolySystems Source of Earnings product to develop reports
. Ran Statutory, Tax, and GAAP reserves for a high profile client on a
quarterly basis for several years
. Produced roll-ups for clients
Penn Mutual Life Insurance Company, Horsham, PA, May 1988 - August 1997
Assistant Actuary
My tenure at Penn Mutual was spent in a rotation program. Each period
spanned between 12 and 24 months. My responsibilities included book profit
studies, interest margins, running PTS reports and managing GAAP reserves.
I also assisted my colleagues in implementing Statutory, Tax, and GAAP
reserves on PolySystems software.
. Statutory, Tax, and GAAP valuations
. Actual to expected results for senior management
. Installed PolySystems to run Statutory, Tax, and GAAP reserves
. Managed a team of four professionals responsible for multiple sets of
projections using different sales goals
. Switched GAAP reserves from aggregate to seriatim calculations
. Resolved book profits and investment margins
. Modeled cash flows with assets and liabilities
. Acted as liaison between the actuarial staff and recent college
graduates
EDUCATION
Temple University
Philadelphia, PA, 1988
BBA, Actuarial Science
Graduated Summa Cum Laude