Gerald Stein Email & Phone Number

Hamilton, Bermuda, Bm

Actuarial modeling supporting management of inforce insurance blocks of business and product initiatives, focused on fulfillment of contractual obligations, compliance with regulatory guidelines, and profit maintenance. Tasks include non-guaranteed element management, rate setting, and illustrations testing.

Farmington, Ct, Us

Provides life actuarial consulting services to insurance companies, self-insured organizations, and state insurance departments. Specializing in risk-focused examinations, assessments of regulatory compliance, audits, and market conduct examinations of insurance companies.• Assessed actuarial-based pricing and product portfolio risks• Evaluated and critiqued actuarial opinions, actuarial memoranda, RAAIS, and other regulatory filings• Managed state insurance department staff relationships and examination expectations• Reviewed insurance ratings structures for discrimination assessment• Conducted C-suite level fact-finding interviews• Developed comprehensive risk-focused exam budgets

Prophet Model Implementation• Reviewed actuarial valuation literature for application to model analysis. Studied contract specifications.• Performed User Acceptance Testing, validating results by building Excel models to apply expected calculations.• Compared test policy model output to parallel legacy system results, quantifying differences and applying attribution analysis. Suggested modeling changes as warranted by regulation.• Documented and reported on testing procedures and results to team members.LDTI Actuarial Accounting Implementation• Researched and analyzed LDTI annuity modeling and accounting changes for GAAP and statutory valuation.• Studied PolySystems modeling procedures and structures.• Reviewed model output for reasonability and accuracy.• Performed User Acceptance Testing, validating results by building Excel models to apply expected calculations.• Presented testing plans and results to team members. Documented testing procedures and protocols.Cash Flow Testing results analysis, Regulatory Reporting, Insurance Dept. Statutory Compliance• Analyzed annuity and life insurance cash flow testing model results for reasonability.• Reviewed statutory reporting requirements, applying regulatory mandates to actuarial reporting.• Edited actuarial memoranda and other reports for readability and for regulatory compliance.

New York, Ny, Us

Financial modeling and projections, actuarial analysis, valuation, and reporting for retail insurance and annuity products, pertaining to company, regulatory, and industry needs. Focused on continual process improvements and documentation of strategies, tasks, and processes.• Executed Cash Flow Testing for annuity and life insurance lines of business• Business Plan projections for Traditional Life, UL and VUL lines of business• Modeled company’s UL and VUL Insurance blocks of business• Produced, analyzed, and distributed after-tax annuity management reports• Executed C-3 Phase 1 Testing for 529 Funding Agreements and the Separate Accounts GIC models• Performed monthly annuity product valuation• Regulatory agencies, rating agencies, and industry groups reporting• Performed ALM analyses