Michael Sherrill Email & Phone Number

Hartford, Connecticut Area

Hartford, Connecticut Area

Responsible for the model used to price defined contribution plans, ensured that financial targets were met and risks controlled, worked with the pricing and product teams to respond to model questions and resolve model issues, and sought model improvements.Member of the team responsible for the review of the assumptions supporting the defined contribution retirement products, with a focus on investment related assumptions and those assumptions associated with stable value products.

Springfield, Massachusetts Area

Transitioned to MassMutual with MassMutual's purchase of the Hartford's Retirement Plans group in January 2013. Responsibility for pricing of the in-plan income product continued and also provided actuarial support to the Pension Buyout team (defined benefit plan terminations).

Hartford, Connecticut Area

Joined a small Asset-Liability Management (ALM) team which supported products within the Hartford's Life business; initially supported the Institutional Products team and later supported the Retirement Plans group. The primary focus in this role was on the development and use of financial models to perform stochastic risk management modeling, investment strategy analysis, economic capital modeling, asset-liability management analysis, capital attribution analysis, cash flow testing, and product development initiatives.Moved into a role in the Retirement Plans group in mid-2012 with responsibility for pricing the company's in-plan income option for retirement plans. This role included maintenance of the product pricing model, reviewing product assumptions, and effectively communicating pricing changes to the sales and marketing teams.

Hartford, Connecticut Area

Priced payout annuities in the defined benefit plan termination market (sometimes called DB closeouts, Pension Risk Transfer, or Terminal Funding) and had responsibility for maintenance and modification of the proprietary pricing model, completion of assumption reviews, working with the investment managers, and managing the conversion of the pricing model platform.Led the team responsible for the pricing of Structured Settlement annuities, including maintenance and modification of pricing models, validation of pricing assumptions through periodic experience reviews, and management of risks to meet financial and production targets.

Hartford, Connecticut Area

In late 2000, ING purchased Aetna Financial Services and I transitioned into the ING organization with responsibilities similar to those performed in my role with Aetna Financial Services.

Hartford, Connecticut Area

Started as a member of the actuarial student program and rotated as part of that program. The three rotations as an actuarial student were in the following areas:- Corporate Actuarial (10 mths): Performed analysis of tax issues impacting Aetna and other insurers.- Retirement (18 mths): Analyzed and determined appropriate reserve levels for the company's retirement business.- Health (4 years): Managed actuarial and financial issues for the CHAMPUS (now Tricare) contract that Aetna had for Southern California and Hawaii. Although the contract was in run-off mode, most of the significant issues were outstanding and I had responsibility for assessing them and presenting options to senior management during the contract settlement process.Shifted into a role in Aetna Financial Services as the CHAMPUS contract wound down. Responsibilities in this role included providing actuarial and technical support for functions such as asset-liability management, asset modeling using BondEdge, and stochastic interest rate generation that were used in reserve valuation and risk management within the company's retirement services division.

Hartford, Connecticut Area

Participated in the Travelers actuarial program and rotated through three positions in two business areas. The positions were:- The first two rotations were in the group annuity and pension division and focused on financial reporting for this business. The primary project was the conversion and implementation of a new general ledger system.- The third rotation supported the pricing of the small group health business through analysis of loss ratio projections, competitive analysis studies, and the assessment of state legislation on the business.