Avant Navigation Group (ANG) is a licensed financial technology company headquartered in New York City, bridging the boundaries between traditional finance and innovative Fintech. With a deep understanding of how finance can change the world better, ANG commits itself to promoting inclusive finance by leveraging Web3 FinAppChain architecture on a cloud-native digital insurance + digital bank + digital securities platform. This innovative structure connects the ecosystem of digital… Show more Avant Navigation Group (ANG) is a licensed financial technology company headquartered in New York City, bridging the boundaries between traditional finance and innovative Fintech. With a deep understanding of how finance can change the world better, ANG commits itself to promoting inclusive finance by leveraging Web3 FinAppChain architecture on a cloud-native digital insurance + digital bank + digital securities platform. This innovative structure connects the ecosystem of digital finance islands to form a prosperous global Web3 financial ecosphere.Welcome to visit our website and join our community:https://angweb3.com/https://www.linkedin.com/company/avant-navigation-group/ Show less

FInTech startup focus on developing a 360 degree personal asset liability management platform.

Worked on investment-side asset liability management (ALM), economic capital, and international capital framework-related analytics development. Managed investment-side ALM projects, including quarterly ALM report production. Collected asset data and produced ALM analytics on over $300,000,000,000 in investable assets.• International Capital Requirement Frameworks: Oversaw asset-side input, models, and documentation for IAIS basic capital requirements and insurance capital standards.

Served as key member of consolidated ALM team to rebuild ALM governance, processes, and reporting framework for all of company’s insurance businesses. Worked closely with ERM, investments, and actuarial on all ALM initiatives and routine tasks. • Functioned as key author of liability valuation methodology whitepaper. o Considered Solvency II, IFRS, U.S. GAAP, U.S. Statutory, and other regulatory and accounting regimes to develop consistent ALM framework. • Assisted quarterly… Show more Served as key member of consolidated ALM team to rebuild ALM governance, processes, and reporting framework for all of company’s insurance businesses. Worked closely with ERM, investments, and actuarial on all ALM initiatives and routine tasks. • Functioned as key author of liability valuation methodology whitepaper. o Considered Solvency II, IFRS, U.S. GAAP, U.S. Statutory, and other regulatory and accounting regimes to develop consistent ALM framework. • Assisted quarterly production of ALM report for L&R, P&C, and UGC lines for financial risk group committee. • Integrated results from ERM, asset management, and business units to produce consistent ALM picture with business insights and actionable recommendations. • Assisted strategic asset allocation, assisting U.K., Australia, and Japan in SAA exercises by providing liability cash flow profiles • Directed ALM pilot projects for institutional market lines, including pension buyout/stable value wraps/GIC/COLI-BOLI. Show less

Reported to L&R Chief Credit Officer and worked on major ERM initiatives, such as low interest rate, longevity risk, and fixed annuity surrenderability. Provided oversight and liquidity calculations for VA hedge program. Quantified delta, vega, and rho exposures in liabilities. Produced quarterly VA hedge effectiveness report, using dollar offset, variability reduction, and regression measures. Assessed pricing and hedging strategy for un-hedged GMDB exposure. Oversaw model validation and… Show more Reported to L&R Chief Credit Officer and worked on major ERM initiatives, such as low interest rate, longevity risk, and fixed annuity surrenderability. Provided oversight and liquidity calculations for VA hedge program. Quantified delta, vega, and rho exposures in liabilities. Produced quarterly VA hedge effectiveness report, using dollar offset, variability reduction, and regression measures. Assessed pricing and hedging strategy for un-hedged GMDB exposure. Oversaw model validation and parameter calibration for Heston, EGARCH, and G++ models. Developed competency with SOP 03-1, AG 43, C3PII, FAS 133, and FAS 157 regarding GMxB hedging from STAT/GAAP/economic perspectives. • Created longevity risk models based on actuarial approach and stochastic mortality models, as well as used longevity risk model to calculate longevity risk appetite for company. • Created multi-factor hedge fund return synthetic replicating model to quantify market risks. • Develop fixed annuity surrenderability model based on interest rate shocks and projected cash values on $90,000,000,000 fixed annuities book. Show less

• Structure products for global investors to access US micro longevity/mortality risk. Product specialty in funds, notes, swaps structures. Knowledge of SPAC, PPLI, Insurance Transformer structures. • Fund Structures: Helped to establish Irish QIF and Luxemburg SIF structures for Life Settlement funds to optimize tax and regulatory requirements. • Knowledge of Master Purchase Agreement, Private Placement Memorandum, Servicing Agreement, Transaction Glossary preparation. •… Show more • Structure products for global investors to access US micro longevity/mortality risk. Product specialty in funds, notes, swaps structures. Knowledge of SPAC, PPLI, Insurance Transformer structures. • Fund Structures: Helped to establish Irish QIF and Luxemburg SIF structures for Life Settlement funds to optimize tax and regulatory requirements. • Knowledge of Master Purchase Agreement, Private Placement Memorandum, Servicing Agreement, Transaction Glossary preparation. • Note Structures: Developed models to price and risk manage Coventry note products. Lead the efforts in Coventry Capital’s Euroclear admission and developed plans for new securities admission and enablement at Euroclear for longevity/mortality risk linked notes.• Marketing and Distribution: Worked closely with distribution team to develop product teasers, pitch books, term sheets, and other trade documents.• Model Infrastructure: Developed waterfall model to price different tranches in structured note based on stochastic cash flows from life settlement portfolios. Knowledgeable of various stochastic mortality models and implementations. Implemented models to price longevity swaps both on probabilistic basis and on stochastic mortality models. Show less

• Developed analytical framework for structuring longevity/mortality risk. Added Basel I and Basel II economic capital and risk weighted capital calculations in addition to various risk metrics for assessing viability of trades totaling 1 Billion dollars of face amount. • New product development of variable funding note, debt and equity investments in life settlement funds, swaps, notes, hybrid notes, principal protected notes in life settlements. • Assist in closing and booking… Show more • Developed analytical framework for structuring longevity/mortality risk. Added Basel I and Basel II economic capital and risk weighted capital calculations in addition to various risk metrics for assessing viability of trades totaling 1 Billion dollars of face amount. • New product development of variable funding note, debt and equity investments in life settlement funds, swaps, notes, hybrid notes, principal protected notes in life settlements. • Assist in closing and booking distribution trades. Developed risk metrics and risk management practices for life settlement structures for middle office booking and market risk systems.• On average, priced 400 life insurance policies totaling 1.6 billion face amount per month. Provided trading decisions in the full origination process. • Assisted in portfolio management of a book of over 1 billion face amount of life policies. • Calculation of 10Y equivalent notional for interest rate hedge on the book. Delivered JPM internal life settlement index and market analysis monthly. Show less

• Trader in the Insurance Linked Products group at Bear Stearns from April 2007 to March 2008. Developed workflow tools to optimize premiums and price life settlement policies. Priced thousands of UL, WL, and Term policies. In-depth knowledge of Milliman life settlement model (MAPS).• Extensive study of the methodology of Life Expectancy certificate providers: AVS, 21st, Fasano. Studied and calibrated different stochastic mortality models. Developed a pricing tool for QxX index. •… Show more • Trader in the Insurance Linked Products group at Bear Stearns from April 2007 to March 2008. Developed workflow tools to optimize premiums and price life settlement policies. Priced thousands of UL, WL, and Term policies. In-depth knowledge of Milliman life settlement model (MAPS).• Extensive study of the methodology of Life Expectancy certificate providers: AVS, 21st, Fasano. Studied and calibrated different stochastic mortality models. Developed a pricing tool for QxX index. • Worked with Moody’s on simulation projects for ratings life settlement backed structured debt.• Trader for the Premium Financing loan program. Worked with origination sources, middle office and back office to set up the whole processing tools and procedures for issuing premium financing loans.• Priced a group of life settlement portfolios in bankruptcy proceeding and resulted in successful acquisition of a subset of the portfolios with USD 300 million face amounts. Show less

• Member of asset valuation and trading team in The Hartford’s industry leading hedging program on 20 billion worth of Variable Annuity block. Responsible for doing the daily valuation for the hedge portfolio, making trade recommendations, and producing daily P&L reports.• Extensive knowledge of stochastic volatility models and local volatility models. • Developed a dividend model based on the market Dividend Swap quotes. Implemented valuation module for equity/rates hybrid puts.… Show more • Member of asset valuation and trading team in The Hartford’s industry leading hedging program on 20 billion worth of Variable Annuity block. Responsible for doing the daily valuation for the hedge portfolio, making trade recommendations, and producing daily P&L reports.• Extensive knowledge of stochastic volatility models and local volatility models. • Developed a dividend model based on the market Dividend Swap quotes. Implemented valuation module for equity/rates hybrid puts. • Knowledgeable of the pricing and hedging of GMWB, GMDB, GMIB, GMAB riders in VA products.• From May 2005 to March 2006, member of the Claims Research team. Responsible for developing insurance claims fraud detection models. • Combined claim, underwriting, and SIU data to develop a Workers Comp fraud model using logistic regression. • Experimented Neural Network, Classification and Regression Tree models using SAS on millions of P&C claims record.• Knowledgeable of pricing and reserving techniques for Property and Casualty lines of business. Show less

• Member of the VALadmin team. Provided actuarial support to Towers Perrin’s nationwide consulting offices for over 100 pension valuation and forecasting projects. • Familiar with actuarial valuation and forecasting systems like VALcalc, VALcycle, RFM and Impact. Developed prototypes and specifications, tested and maintained a web based pension valuation, forecasting, and reporting system called Ensemble. • Working knowledge of pension regulations and accounting rules such as ERISA,… Show more • Member of the VALadmin team. Provided actuarial support to Towers Perrin’s nationwide consulting offices for over 100 pension valuation and forecasting projects. • Familiar with actuarial valuation and forecasting systems like VALcalc, VALcycle, RFM and Impact. Developed prototypes and specifications, tested and maintained a web based pension valuation, forecasting, and reporting system called Ensemble. • Working knowledge of pension regulations and accounting rules such as ERISA, PBGC, FAS87, and FAS106. Show less