Life Insurance Manager

SUMMARY OF QUALIFICATIONS

*+ years in financial reporting & 2-year in product development; veteran actuary with proven analytical and problem solving skills

5+ years in manager role

Financial Reporting software: MG-ALFA, ARCVAL, SAP BPC

Great organizational and administrative skills; Microsoft Excel, Word, Power Point, Access

Collaborative team player; dependable and dedicated

Multi-lingual: English, and Korean; strong oral and written communication skills

EDUCATION

University of Washington, Seattle WA

Mathematics, December 2005

WORK EXPERIENCE

Farmers New World Life Insurance, Mercer Island, WA

Managing Actuary January 2008 - Present

IFRS17 Product Owner (May 2018 – Present)

Lead the team on implementing IFRS17 standard for Actuarial and Finance

Communicate at steering committee to promote project value and encourage stakeholder buy in

Collaborate with parent company to document actuarial methodology to be shared amongst other business units

Monitor the industry open discussion at Transition Resource Group

Review IFRS17 methodology and ensure the correct methodology are implemented in the MG-ALFA model and in-house developed Actuarial Engine for IFRS17 reporting

Perform attribution analysis and investigation of drivers of earnings and profitability under IFRS 17 compared to MCEV and IFRS 4 reporting, and other analysis as appropriate

Document and communicate the results of review and analysis highlighting all potential issues and industry open topics to stakeholders, Chief Actuary, Chief Financial Officer and Parent company

Collaborate with Finance to automate General Ledger upload process from Actuarial system

Actuarial Financial Reporting (January 2008 – March 2010, April 2014 – Present)

Review and analyze results for GAAP/IFRS income statement and management reports for leadership review and oversee the completion of the actuarial portion of the various financial statements

Review and deliver IFRS Plan and Forecast results

Recommend and review assumptions for FAS60 and FAS97

Coordinate development and implementation of new products

Initiate, analyze, recommend and implement appropriate revisions in actuarial methods and assumptions due to regulatory and management reporting requirements

Act as project lead to assign project work, manage workflow and provide feedback to management to enable appropriate modifications to and timely completion of projects

Maintain actuarial valuation systems to be consistent with IT General Control (ITGC)

Product Development (March 2012 – April 2014)

Competitively re-priced existing life insurance products to optimize profits

Reviewed and validated documentation for final pricing results to be prepared for leadership approval

Prepared and performed illustration regulation testing following regulatory laws

Partnered and collaborated with corporate counsel to comply with Internal Revenue Code Sections 7702 and 7702A

Embedded Value (EV) reporting (March 2010 – March 2012)

Prepared and delivered MG-ALFA models for future projection for Life and Annuity products

Prepared and delivered Embedded Value, Risk Based Capital, Swiss Solvency Test, Fusion (liability cash flow) reports, and EV Plan and Forecast results

Reviewed quarterly EV results for products and proactively developed and implemented new processes to address new requirements or overcome challenges

Communicated and delivered final results and reporting to leadership, international partners, and auditors

Light Sciences Oncology, Bellevue, WA January – December 2007

Data Coordinator

Prepared and delivered weekly patient/new device status reports

Acted as a systems administrator by managing databases and improving resources efficiency following FDA standards and procedures

Maintained, validated and edited documentation and reporting

Transferred raw data into usable statistics for reporting purposes

Safeco Insurance Inc., Seattle WA July – December 2006

Marketing Analyst Internship

Prepared and delivered cadence of marketing performance reports

Supported marketing optimization tests through in depth marketing analytics

Prepared and delivered presentations for leadership review

Assisted in performing weekly, monthly, and annual sales volume assessments for budgeting and forecasting

Contact this candidate