Patricia Tabor

Email: abpjnt@r.postjobfree.com

Address: *** *. **** **** **.

City: Itasca

State: IL

Zip: 60143

Country: USA

Phone: 630-***-****

Skill Level: Director

Salary Range: $10,000

Willing to Relocate

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

SUMMARY OF QUALIFICATIONS

Fellow of the Society of Actuaries, (FSA), with extensive experience in pricing using different methods, negotiating and implementing reinsurance, cash flow testing, and financial reporting. Experience with reinsurance treaties, policy forms, underwriting requirements, and both written and oral presentations. Proficient in Microsoft Excel, Word, Access and Alfa and a working knowledge of PowerPoint and TAS. Values include a proven work ethic, integrity, and a focus on results.

PROFESSIONAL CREDENTIALS

Fellow in the Society of Actuaries since 2001

Member of the American Academy of Actuaries since 1991

Member of the Chicago Actuarial Association since 1987

PROFESSIONAL EXPERIENCE

Trustmark Insurance Company, Lake Forest, IL 2008 - 2012

Assistant Actuary - Financial Reporting

Perform monthly life claim reserves, annual statement reserves, and special projects.

* Combined 2 large alfa models into one to simplify monthly reporting.

* Instrumental in testing our New York IT system enabling us to sell business in New York state.

* Chosen to analyze the VM-20 regulation to help predict needs for future department resources.

North American Company for Life and Health Insurance (NACOLAH), Chicago, IL 1985 - 2008

Actuarial Consultant: Product Development - Feasibility 2007 - 2008

Responsible for developing pricing strategies for individual universal life, term, and miscellaneous product features to satisfy marketing, compliance, and company-wide profitability standards.

* Updated universal life products using the 2001 CSO mortality table as mandated by regulation.

* Analyzed earnings, reserve and reinsurance cash flows to explain pricing metric anomalies.

Actuarial Consultant in Product Development - Reinsurance 2000 - 2007

Responsible for negotiating, calculating profitability, and implementing all of NACOLAH`s traditional reinsurance. Peer reviewed pricing models as needed.

* Selected to be responsible for NACOLAH`s traditional reinsurance portfolio.

* Saved NACOLAH over $1.7M in net reinsurance costs over each of the next 5-7 years by recommending a recapture involving $10B in term and universal life insurance issued over 12 years.

* Presented earnings projections under deterministic and stochastic scenarios to recommend to and receive approval by NACOLAH`S Board of Directors to double its Corporate Retention.

* Designed models to test securitizing NACOLAH`s term portfolio.

* Negotiated the recapture and receding to other reinsurers, all business reinsured with a leading reinsurer that was approaching bankruptcy.

* Worked with an independent distributor to create a whole life internet-based product.

* Created and audited system calculations for reinsurance solutions and participated in treaty negotiations.

Assistant Actuary in Product Development - Pricing 1993 - 2000

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).

Actuarial Analyst/Assistant Actuary: Corporate Actuarial 1990 - 1993

Performed cash flow testing and company projections to file Actuarial Opinions for annual Asset Adequacy Testing for NACOLAH`s 3 affiliated companies.

* Achieved designation of Associate in the Society of Actuaries.

* Assisted in company-wide budgeting and special projects with my cash flow testing abilities.

Actuarial Analyst in Valuation/Financial Reporting 1986 - 1990

Responsible for all monthly Annual Statement annuity financial reporting, annual statement reserves for Exhibits 8 B, C and 10, and for year-end Asset Adequacy Testing.

* Coordinated the conversion of the immediate annuity/structured settlement valuation from IBM APL to Vantage RPS.

* Validated calculations when deferred annuity reserves converted from account values to CARVM.

Actuarial Analyst in Product Development 1985 - 1986

Produced profit studies, calculated rates and audited illustration software.

* Examined calculations for our agencies` bonus programs to ensure accuracy.

EDUCATION

BS, Mathematics, Minor in Commerce, DePaul University, Chicago, IL

VOLUNTEER WORK

Volunteer for PADS, (Public Action to Deliver Shelter)

2011 member of the Chicago Actuarial Association Workshop planning committee

Volunteered to supervise and supervised an actuarial exam in 2012

Participate at my Church including reading in front of the congregation and acting on a variety of committees

Achieved ACB in Toastmasters International, Inc and was a Club Officer 2004-2008

Completed the New Wine, a three-year leadership program sponsored by the Diocese of Joliet 2008-2011

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