Fred Jensen Email & Phone Number

United States

Des Moines Metropolitan Area

Converting PRT, Flow and Block deals from pricing actuarial software to MG-ALFA. Updating formula database, Pfile tables, Liab inputs and building AIL files. Responsible for validating results, documenting changes and supporting model governance using Integrate.

West Des Moines, Iowa, United States

Created assumptions data analysis team and oversaw the growth of it to include 3 direct reports.Supervise and participate in the production of annual policyholder behavior assumption development including data cleansing, model feature selection, model creation, analysis, recommendations and approval. Oversaw and participated in the creation of predictive models using SQL datasets and R code.Each year presented updated assumption recommendations with improved predictive metrics. Communicated modeling results to stakeholders (direct management, other business units, and company executives) using multiple formats (data visualization, data tables and memos).Coach team members to use both predictive and simple modeling techniques.Responsible for tracking and presenting model monitoring results to stakeholders. Improved team status updates on deliverables by developing a project matrix template for team member use.Oversaw the conversion of all actuarial models from one actuarial software package (TAS) to another (MG-ALFA). Customized code of out of the box actuarial software to allow for inclusion of unique company product features and changes in regulation. Developed models using actuarial software to help determine long-term risks and profitability of company’s block of business.

West Des Moines, Iowa, United States

Involved in all aspects of product development.Developed MG-ALFA deterministic and stochastic models for pricing FIA products, including GMWB riders.Developed tools in Excel for analyzing deterministic and stochastic MG-ALFA model output.Responsible for setting new money and renewal rates for entire portfolio of products. Supervised the conversion of new money and renewal rate systems from worksheet based system to web based system.Involved in the start-up of a new product management department. Responsible for re-pricing GMWB portfolio, including analyzing competitiveness and riskiness of the portfolio. Participated in contract development and state filing.