Eugene Schwartz, Fsa, Cfa, Cera, Maaa Email & Phone Number

United States

- FASB Targeted Improvements - External Disclosures- IAIS Field Testing

Newark, Nj

Model Steward Team

Newark, Nj

Prudential Financial is one of the world's largest financial services firms. For over 100 years, the company has helped people grow and protect their wealth. The company offers individual and institutional clients a wide array of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Accomplishments:– Completed two model affirmations (LTC Forecasting and LTC AAT), proactively collaborating with business partners to ensure the documentation and testing processes met the Model Governance standards.– Tested several production releases to ensure that all functionality and business requirements were met. These releases included the year-end basis change and a Rate Increase Tracking Application (RITA).– Completed the annual Model Audit Rule (MAR) testing to support a risk-based framework internal controls for the LTC AAT model – Drafted model technical specifications for the the Loss Ratio Projection Tool

Roseland, Nj

Prudential Financial is one of the world's largest financial services firms. For over 100 years, the company has helped people grow and protect their wealth. The company offers individual and institutional clients a wide array of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Accomplishments:– Drafted Standard Operating Procedures (SOPs)– Performed Asset Adequacy Testing (AAT), Loss Recognition Testing (LRT), and Forecasts– Presented actuarial assumption to senior management at the ARC meeting– Led process improvements initiatives to simplify process and increase efficiency.

Parsippany, Nj

Towers Watson is a leading global professional services company that helps clients improve performance through effective people, risk and financial management. It is the leading provider of retirement consulting and actuarial services to today’s global organizations, providing actuarial services to more of the world’s top 300 pension funds than any other company.- Developed and delivered internal project plans for actuarial valuation work: drafted the scope of work, timelines, budgets, and job definitions to ensure completion in a timely manner and resulted in project deliveries ahead of client deadlines.- Fostered cross-business collaboration in order to develop claim information needed for the post-retirement medical plan.- Analyzed equity valuation data using the Black-Scholes model, which deepened the client’s knowledge of how its stock return ranked against the peer group.- Drafted financial results letter and reports which provided clients with financial alternatives to both meet regulatory contributions as well as business objectives.- Prepared year-end financial reports for publicly-reporting clients satisfying the regulatory and reporting requirements under US GAAP, IAS, AASB, and SSAP.