Dariush Akhtari, Fsa, Fcia, Maaa Email & Phone Number

Huntersville, Nc, Us

Responsible for overseeing all actuarial and risk functions of Lightstone’s life and annuity reinsurance company, Converge Re II.

New York, Ny, Us

I developed and lectured a Graduate level course in Investment and ALM for Actuaries. The students will learn how ALM could be used as a tool to optimize an insurance company's portfolio and solvency capital ratio.

I enhanced and productionized economic models framework and processes resulting in the identification and quantification of interest rate and equity risks further partnered with the Investment to eliminate IR risk, saving the company over $1b during the interest rate downturn in 2020 allowing the company to return $1.1b to shareholders through dividend and share repurchase. I shortened quarterly production & reporting cycle by 7 BDs. I chaired EEM Steering Committees, running weekly EEM WG which required buy-in from cross-functional areas (investment, hedging, treasury, actuarial, and risk), revising more than 15 key EEM economic assumptions, improving economic solvency ratio by more than 20%. I developed and implemented a real-time capability of daily production of Economic Balance Sheet which provides “what-if” analysis allowing real-time quantification of the impact of hedging & ALM activities to economic solvency ratio. I aligned VNB framework with Economic Balance Sheet to influence pricing behavior.I developed an ALM framework to improve competitiveness of new business portfolio and adapt an investment posture that allows for effective marketing of products by improving achievable spread by up to 20 bps. I implemented the use of KRD to ensure closer match between fixed income assets and liability cash flows reducing hedge loss due to convexity mismatch resulting in savings of hundreds of millions of dollars. I provided analytic support to expand into credit risky assets space using EEM impact. I introduced and implemented achievable spread concept allowing in more appropriate valuation and pricing of short-term vs. long-term business. I proposed alternative asset allocation and worked with the valuation team to implement the proposal and achieved $1.5b AAT improvement.I onboarded, and fully implemented and operationalized the scenario generation process to support firmwide fair value reporting, saving the company $1.5m.

New York, Ny, Us

I built and fostered executive level relationships. Advised executives in the US and Canada life insurance industries on risk and investment topics and solutions.I developed and executed the growth strategy by branding and positioning Moody’s Analytics’ (MA) insurance solution in the North America thus, improving market share and penetration of Barrie & Hibbert and GGY product offerings.I designed and was the architect of RiskIntegrity Insight which resulted in $1.4M revenue from its first client. I organized and recruited for MA’s 1st and 2nd Insurance Executive Summit and served as a member of ERS strategy committee.

New York, Ny, Us

I implemented and executed ALM framework and process in life and retirement business.. I further engaged and coordinated corporate and business unit, including investment, finance, risk management, asset management and actuarial, to achieve comprehensive ALM team that addressed all areas of company, incorporating risk and business management aspects of ALM.

New York, Ny, Us

I established consolidated ALM function within global actuarial and value management. Streamlined firm-wide market risk reporting process and governance by coordinating activities among AMG, ERM, CIO team, and various functions within business units. Provided ALM oversight and decision-making for capital allocation.

New York, Ny, Us

I led cost of risk project (economic capital). Provided expertise and guidance on implementation and full documentation of process incorporating work from all areas of the company. Acted as a consultant to the group providing various best practices. Peer-reviewed various methodologies.

Oo

I oversaw all areas of risk, including financial and operational risk management. Implemented MRTLs and at-risk measures such as earnings and capital at risk. Developed product design and pricing policy. Created and incorporated economic capital. Led financial models' risk policy, operating guidelines, reinsurance ceded policy and guidelines, fraud reporting, and business practices reporting.

Oo

I developed EC framework, principles, policies and methodology implemented worldwide. Applied developed techniques to in-force business. Analyzed and compared results to regulatory capital. Implemented EC into pricing. Pioneered development of Least Square Monte Carlo (LSMC) for use in EC calculations. Used EC as a tool for hedging with significant success avoiding major losses in 2008.