Risk Management Business Analyst

MICHAEL SCE

**** ***** ****** ************, ** **152 201-***-**** **********@*****.***

PROPERTY CASUALTY ACTUARIAL, REINSURANCE, and ECONOMIC CAPITAL MODEL PROFESSIONAL

Seasoned Actuary with expertise in Actuarial Consulting, Reinsurance, Economic Capital Modeling, Risk Management, Finance, and related Process Management. Many successful management experiences. Extensive technical expertise in Pricing and Reserving disciplines for Commercial Lines (WC, AL, GL and Prof Liab) and Personal Lines (PPA and HO). Applications in large account pricing, financial statements, corporate planning, forensics and risk management. Familiar with Agile methodology and data issues in Data Governance, Data Profiling and Data Mining. Accurate and efficient in fast-paced environments. Strong communicator and team player with ability to relate to all corporate levels.

PROFESSIONAL EXPERIENCE

Church Mutual Insurance Company Group, Merrill, WI May, 2022 to November, 2024

Enterprise Risk Management (ERM): Reinsurance Manaager and Economic Capital Modeling (ECM) Manager

ECM: Oversee the Design, Creation, Maintainaince, and Documentation of all methodologies and reports.

Reinsurance: Manage and review data and reports for the corporate Reinsurance progam. Support audits, answer questions, and clarify our program to reinsurers and company management. Support program strategies, ensure timely bill payments and monitor corporate balances. Prepare renewal.

Manage personnel and department growth within the corporate goals of the ERM Department.

Software Tools: Sapiens ReisurancePro and Guy Carpenter’s MetaRisk for Economic Capital Modeling.

Oliver James Associates LLC, New York, NY September, 2021 to February, 2022

Oliver James is an internationally known actuarial search and support firm with a strong presence in the Property and Casualty Insurance business worldwide.

Actuarial Consultant and Business Analyst

Client: Kemper Insurance Companies; Chicago, IL September, 2021 to February, 2022 Performed Tasks: 1. Recommend and Support actuarially justified rate increases in US for Private Passenger Auto (PPA) and Homeowners (HO). 2. Create Reports and Corresponendence to State Dept. of Insurance for review and clarification. 3. Execute strategic analyses of ratemaking needs for senior Management.

TEKsystems, Hartford, CT January, 2020 to December, 2020

TEKsystems is a nationally known technical support firm with a strong presence in the northeastern part of the United States. They offer consulting services to many industries and have a significant presence in the Property and Casualty Insurance business.

Actuarial Consultant and Business Analyst

Client: AXA XL Reinsurance Company; Stamford CT January, 2020 to December, 2020

Performed Tasks: Assist in the upgrade of the world-wide Actuarial Pricing Modeling System by:

Learning the current and new pricing systems contrasting the differences between the two.

Creating a process to review accounts in production without negative impact to the area.

Reviewing accounts by region to learn the nuances of their market and specific pricing needs.

Checking answers in the new system and documenting all errors and irregularities.

Participating in documentation and training exercises for the new system.

As the Subject Matter Expert (SME) in the new Reinsurance Pricing System, organize and conduct weekly meetings with the Data Governance Committee regarding IT’s Errors Db.

Liaise with senior actuaries and IT programmers with any issues, changes or updates and resolve same on a timely basis in any Data Profile or calculation. Lead meetings as required.

BDO, New York, NY February, 2018 to October, 2019

BDO is an internationally known accounting firm with a strong presence in New York City and a significant book of property and casualty insurance clients.

Actuarial Consulting Manager

Actuarial Audit Consultant and Actuarial Consultant Manager

Assumed consulting engagements with immediate deliverables.

Analyzed actuarial business for performance, accuracy and efficiency while servicing Clients.

Result: office experienced a 50% improvement in efficiency; i.e., we handled 50% more clients with same staff.

Undertook an off-season review of services and reports.

Result: created a revamped set of communication tools, standardized our approach, and instituted more timely and thorough communications, taking less time to provide a better product.

Discussed and clarified with Appointed Actuaries technical points to improve the actuarial product for the Audit Team.

Discussed and clarified with Appointed Actuaries the Client’s Data Profile to insure the efficient attainment of the goals of the actuarial review.

Sell actuarial services and negotiate with Audit Team on price, hours of service and impact of the engagement.

Advise Account Managers on using the analysis to guide clients into more responsible financial positions.

AMTRUST FINANCIAL SERVICES INC., New York, NY January, 2015 to March, 2017

AmTrust Financial Services, Inc., is a New York City-based multinational property and casualty insurance company.

Actuary and Risk Manager, Project Manager.

Created, developed and managed the Company’s Economic Capital Modeling (ECM) System.

ReMetrica Programming

Created Key Parameters for the Capital Model using XL, @Risk and Bootstrapping Methodology as applied through the Actuarial Chain Ladder Technique.

Performed ECM duties including design, programming and analysis of all Models using the AON Remetrica system.

Developed interfaces and management reports.

Completed first US Net (of Reinsurance) ECM within nine months of being hired. Submitted to ORSA at year end.

Completed second Net ECM in second year in six months; worked on first Gross Model.

Data Management and System Resource Development -- Working with IT and Senior Management

Lead the Data Governance Team to create Data Profiles for all entities in the ECM System.

Data Mining: Collected data from over 20 registered insurance companies and distributed across eight Business Segments – all reconciling to the Consolidated Annual Statement. This alleviated concerns about Data Quality and Integrity.

Created a Platform for Model Development with access for other users.

Managed access to our models with rules for version control.

Management Reporting

Created and reported relevant parts of the ORSA Report to Senior Management.

Developed a Risk Adjusted Return on Capital (RAROC) report.

Submitted to and passed the Company’s Internal Audit Review.

HUGGINS ACTUARIAL CONSULTING SRVS INC., Media, PA November, 2013 to January, 2015

Huggins Actuarial Services, Inc. offers a wide range of actuarial and strategic consulting services to firms that need to evaluate, quantify and manage insurance and property casualty risk.

Actuarial Consultant and Analyst

Developed Actuarial expertise in Economic Capital Modeling, ECM, using Guy Carpenter’s MetaRisk Program.

Consulted on a broad range of Insurance and Actuarial issues including Actuarial Forensics.

Created and reviewed Actuarial reserve studies in XL with @RISK.

CRUM & FORSTER INSURANCE INC., Morristown, NJ August, 1999 to August, 2013

Crum & Forster is a leading national property & casualty insurance company with a large, diversified specialty platform.

Associate Actuary / Special (Large) Accounts Actuarial Pricing Manager - Commercial Lines

Lead Pricing Actuary for Commercial Lines Large Account Division.

Pricing Accounts

Priced individual large accounts in all Property Casuallty Lines and Reinsurance FAC layers. Simulation techniques were used as required.

Reviewed company reserves using Confidence Intervals in accordance with Theory (Likelihood) of Ruin as a component to emerging Enterprise Risk Management (ERM) and Economic Capital Market exercises.

Special Projects: finding coding errors and clearing up misunderstandings of deductible reserves.

Model Development and Training

Internal Data Mining: Created, updated and enhanced Price Monitor Database to properly track performance of business based on our pricing system. This fed future Data Profiles for the division.

Repaired, updated and enhanced the Pricing Model: errors were corrected, new techniques added and interfaces built to the Price Monitor.

Trained Underwriters and Actuaries to set stronger pricing standards.

Communication with Underwriters and Senior Management

Partnered with Underwriters to develop profitable opportunities and niches in Large Account market; Returned business to profitability while maintaining revenue following substantial losses. Large Accounts Division Combined Ratio decreased from 150% to under 90% in three years.

Analyzed components of Commercial Lines Pricing Model on a Book basis which was developed from the Price Monitor data base to set parameters for the prospective year.

Worked closely with underwriters and actuaries to correct poor or inappropriate use of modeled results.

Recommended Expected Loss and Combined Ratios used in Reserving and Planning.

Brought together different professional disciplines to ensure administrative policies were consistent for all.

Partnered with Reserve Actuaries to review results compared to expected targets.

CHARTWELL RE CORP. INC., Stamford, CT April, 1997 to August, 1999

Chartwell Re Corporation underwrote treaty and facultative reinsurance for casualty, property, marine, and aviation risks.

Assistant Vice President / Commercial Lines Reinsurance Pricing Actuary

Reinsurance Pricing Actuary focused on Treaty and Fac placements for the brokerage market.

JOHNSON & HIGGINS, New York, NY December, 1990 to April 1997

Johnson & Higgins formerly was one of the largest insurance brokerage firms in the world until it sold to Marsh & McLennan.

Assistant Vice President / Commercial Lines Actuarial Consultant

Actuarial Consultant performing Reserve and Pricing analysis for the company’s mature risk management clients.

EDUCATION / DESIGNATIONS

Master of Arts in Mathematics; City University of New York

Bachelor of Arts, Major/Minor: Math/Psychology; Southern Connecticut State University

Casualty Actuarial Exams 1, 2, 3a, 3b, 3c, 4, 5b, 6

Certified P/C Loss Reserve Specialist in Bermuda and Vermont

CSPA (Certified Specialist in Predictive Analysis) – in progress. 3 of 5 Exams passed.

TECHNICAL SKILLS

MetaRisk and ReMetrica used in Enterprise Capital Modeling (ECM)

Sapiens ReinsurancePro Management Software

Excel and @Risk Statistical Package

SQL, Access and SAS Databases

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