Michael Theisz Email & Phone Number

Montpelier, VT

• In-force Management
• Illustration Actuary Testing: maintained and ran MG-ALFA models for Indexed Universal Life, Term Life, and Whole Life products. Analyzed and reported results.
• Set Renewal Crediting Rates for Equity Indexed Annuities, Indexed Universal Life, Whole Life, and Fixed Annuities. Performed user acceptance testing on a custom pricing model.
• Performed a company-wide expense study supporting management operations as well as actuarial pricing and valuation.
• Assisted with experience studies for mortality, expenses, lapse, and other policy holder behaviors.

Frederick, MD

Spent time with family. Studied electric circuits with Dad (a former electrical engineering professor). Hiked nearby Appalachian Mountain trails. Enjoyed less crowded mid-week skiing. Studied jazz trombone and joined a local concert band. Enjoyed spring training baseball in Florida.

Wellesley Hills, MA

• (Delaware Life is an insurance provider formed in August 2013 via an acquisition of various businesses from Sun Life Financial)Director, Central ActuarialSupported Statutory and Tax reserve needs of the company..
• Prevented a $105 million IRS adjustment to taxable income (an increase) by defending company position on the variable annuity forward rate.
• Managed the company wide Asset Adequacy Testing project for all entities and all products. Ensuring timely completion of all deadlines, including interim steps.
• Developed a regulatory laws database, enabling the entire actuarial department easy access to all laws and regulations.
• Assisted with the development of Actuarial Guideline XXXVIII Section 8 Part D Memorandum.
• Created and maintained a quarterly Industry Issues memo. This provided senior management with an overview of ongoing changes to laws and regulations relevant to the company, and a heads up for impending changes.

Wellesley Hills, MA

• Director, Central ActuarialSupported Statutory and Tax reserve needs as described above.
• Managed the company wide Asset Adequacy Testing project for all entities and all products. Ensuring timely completion of all deadlines, including interim steps.
• Improved process of creating the 350 page Asset Adequacy Actuarial Memorandum. This allowed major tasks to be delegated to actuarial students, freeing up time for management review and providing faster turnaround, and.
• Converted the SPWL block from a homegrown C++ valuation system to Triton.
• Provided monthly reserve information (using the Triton valuation software).
• Calculated capital requirements for both US RBC C-3 Phase I and Canadian MCCSR.

Simsbury, CT

• Assistant Actuary, Individual Life Financial Management Led a team to perform US Statutory Asset Adequacy Testing for Individual Life products (Term, Whole Life, Universal Life, Universal Life with Secondary.
• Significantly improved the process resulting in reduced project length (28 weeks to 12 weeks).
• Developed and maintained stochastic reserve models using the TAS projection software.
• Implemented new Individual Life products on the Triton valuation system.
• Developed the Operating Plan and Strategic Plan for the Individual Life Division.Actuarial Consultant, Investments Products Division Provided actuarial support to the sales team for Structured Settlement Annuities.
• Maintained and updated assumptions of the pricing software.

Lynchburg, Virginia

• Actuarial Student, Immediate Annuities Valuation Unit
• Maintained the APL annuity valuation system. Provided monthly reserves.
• Supervised profitability projections, rate scale analysis, and reinsurance reports.
• Interfaced with auditors, state regulators, and examiners.
• Designed and taught a LOMA 371 course – Managing for Solvency and Profitability in Life and Health Insurance Companies.

Master’S Degree, Mathematics

Bachelor’S Degree, Mathematics / Psychology