Marc Magazu Email & Phone Number

Norwood, Massachusetts, United States

Norwood, MA

Wellesley Hills, MA

• Manage analytical, technical and strategic aspects of Bank Owned Life Insurance (BOLI, $6 Billion Cash Value) business unit. Manager, responsible for the direction and supervision of employees.
• Act as technical liaison to partner and build relationships with Product Manager, Operations Case Managers, Bank Clients and Trusts, Actuarial Valuation team, Third-party Administrators, Accounting, and Fund Operations.
• Analyze, validate and manage BOLI reserves, including risk analysis, forecasting, and determination of Claims Stabilization Reserve, setting of Cost of Insurance charges, and distribution of Experience-Rated Refunds in.
• Instituted use of macros to increase speed, accuracy and quality of CSR management, forecasting and reporting.
• Interpret BOLI business agreements/contracts including Private Placement Memorandums, Stable Value Wrap Agreements, and Letters of Understanding.
• Administer multimillion dollar client cases including death claims, surrenders, new premium, inforce projections, case conservation, monthly valuation and forecasting, monthly client reports, audits, and ad hoc.

Wellesley Hills, MA

• Manage and oversee all aspects of FA model development and implementation (including release notes delivery, publication, presentation) for several releases per year (incorporating SDLC concepts)
• Collaborate and negotiate with AVP of Fixed Annuity Business Unit to determine direction of FA cash flow and forecasting models. Determine feasibility and scope of requested development. Explore all development options.
• Update existing ALFA application and implement new initiatives for Variable Annuity and Fixed Annuity blocks of business. Develop code in Alfa macro-language, validate quality via cell and regression testing (improved.
• Lead, train, mentor and develop skills of internal customers and junior employees. Provide instruction and direction for rigorous quality assurance testing.
• Appointed by AVP, Variable Annuities, to act as vendor liaison for re-modeling of GMIB/GMDB Reinsurance forecasting. Handpicked for demonstrated skills in communication, technical expertise, and propensity to create.
• Help desk support for the FA model users to facilitate model comprehension and ability to meet deliverables.

Wellesley Hills, MA

• Implemented enterprise eDelivery program for domestic and international web-based agent/client admin software. Constructed front-end leveraging ColdFusion, HTML, CSS, Javascript, and SQL (database interactions)..
• Succeeded with project managers, business analysts and quality assurance analysts in SDLC framework to deliver timely, end-product for production deployments as well as high quality sub-region deployments. Published.
• Earned SLF Star Team award as member of ad-hoc Virus-Response team in response to security breach at SLFD.

Wellesley Hills, MA

• Recruited by VP, Program Manager for Life & Annuity Products, to join startup unit to plan, build and implement VUL administration application in partnership with third party with long term strategic goal of reducing.
• Making use of Progress 4GL database and program language, implemented VUL products to administration system while leveraging familiarity with VUL product line. Maintained code through Roundtable version control.
• Maintained application and all applicable data extracts. Improved accuracy and delivery of data extracts. Collaborate with Product Actuary to generate, validate for quality, and debug compliance values. Collaborate.
• Earned two SLF “Star” awards: (i) Delivered crucial COI calculation methodology for internal auditing clients. (ii) Delivered manually mined data to Valuation team in order to achieve deadline for quarterly reserve.

Las Vegas, NV

• Utilize mathematical, analytical, and people management skills to earn income competing in high stakes poker games and tournaments.
• Appeared as finalist on ESPN televised final table resulting in top 5 finish (starting field of 831) at World Series of Poker.
• Poker coach and mentor, with a student achieving top 100 finish in the largest championship field in World Series of Poker history (8,773 entries, $82 Million prize pool).

Wellesley Hills, MA

• Enterprise-level collaboration, negotiation, prioritization, benefit analysis, and relationship-building to meet strategic business objectives, particularly in cooperation with AVP Universal Life Products, AVP.
• Managed all aspects of a six member software development team responsible for the development and evolution of industry leading financial software utilized by sales force and instrumental to the company’s bottom line.
• Aspects included prioritization, acting as team liaison, authoring technical specifications, project scheduling, creating time lines, identifying critical paths existing and potential bottlenecks, managing process.
• Delivered urgent, short turnaround, customized illustrations to assist with +$1 million new business sales.
• Active participant in “Circles” breakout group program at SLF, specifically for the mutual enhancement of management-level employees. Discussions and participation limited to similarly qualified and experienced managers.
• Oversight and implementation of transition from a Borland environment to a Visual environment.

Wellesley Hills, MA

• Expert in life insurance financial software engines
• Worked and interacted extensively with QA personnel to deliver superior quality system
• Performed and conducted extensive code reviews of all new features, improvements and bug resolutions.
• Performed programmer QA testing including execution and maintenance of regression test environment
• Ensured quality through institution and administration of version control products Visual SourceSafe and PVCS
• Implemented revolutionary “shadow” account basis for implementation of UL Secondary Guarantee Products.

Wellesley Hills, MA

Developed, enhanced, and modified life insurance application in a C/C++ environment.

Wellesley Hills, MA

• Worked within a team to create and implement new life insurance rates and products. Conducted pricing and computer modeling. Product contributions: Sun Universal Protector, SPL Advantage, and Spectrum Gold UL
• Insurance models developed and maintained through knowledge of actuarial mathematics and APL programming language. Developed and delivered next generation Universal Life pricing model.

Westbrook, ME

• Proactively developed technical partnerships with printers and suppliers by encouraging communication and information sharing.
• Developed interactive training program for sales trainees.
• Made presentations to co-workers, printers, and end-users on topics including printing papers, printing inks and lithography.
• Worked with printers on site to diagnose and resolve on-press production problems.
• Provided printing technical service and handled customer complaints and inquiries while improving turn around time by fifty percent.
• Interacted with Sales and Product Quality personnel