Entrepreneurial Actuaries
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1 Entrepreneurial Actuaries (Vote for up to 3 candidates) Carlos Sanchez-Fuentes Herschel Reich Joseph Weiss Nickolas John Ortner
2 ENTREPRENEURIAL ACTUARIES SECTION ENTREPRENEURIAL ACTUARIES SECTION COUNCIL James Ramenda, Chairperson Kevin Pledge, Vice-Chairperson Steve Boger, Secretary/Treasurer Christopher Amon William R. Ely Herschel Reich INSTRUCTIONS Pauline Reimer Larry N. Stern D. Joeff Williams Please vote for up to three candidates. Ballots with four (or more) votes are invalid and will not be counted. The top three candidates will receive three-year terms. The fourth candidate will receive a one-year term. Only names of persons who have indicated they would serve, if elected, are listed on the ballot. The following applies to each section. Biographical information and answers to the question are as provided by the candidates. Biographies are limited to identification of employment, major fields of professional activity, service in the Society of Actuaries, and other relevant experience. CANDIDATE QUESTION: Why are you interested in leading the Entrepreneurial Actuaries Section as a council member?
3 Carlos Sanchez-Fuentes, FSA, FCA, MAAA, MBA, MS Axiom Actuarial Consulting, Simsbury, CT Employer, Current Title Axiom Actuarial Consulting Managing Partner Professional Background Held positions with insurers, reinsurers and consultancies. Currently founder and managing partner of Axiom Actuarial Consulting, firm that specializes in healthcare, special risk and related fields. Society of Actuaries Experience (section and committee memberships and participation) Frequent speaker in actuarial events. Frequent contributor in actuarial magazines. Experience (relevant to candidacy) At-Large delegate to the Association of Yale Alumni ( ) Member of the Sustinet's (Connecticut's state healthcare plan) benefit design task-force, CT (2010) Why are you interested in leading your section? Entrepreneurship is one of the most promising venues to reposition the profession and gain recognition in areas that historically have been inaccessible to actuaries. I have focused on promoting the services of my company as strategic in an attempt to break into territory that has been the domain of MBAs and to some extent economists (what is the ratio of economists to actuaries that work on Medicare?). The sad truth is that even if individual efforts to change perceptions are successful--which most of the time are not--the benefits to the profession don't trickle down. To attain measurable results, we need to work together and use the resources of the Society of Actuaries available to us. I am interested in leading the Section because it would give me the opportunity to enlist those who share this view and want to reposition the profession, at least partially, as one that promotes useful skills and produces leaders.
4 Employer, Current Title Ingenix Consulting Principal Herschel Reich, FSA, MAAA Ingenix Consulting, New York, NY
5 Joseph Weiss, CFA, FSA, MAAA UBS Securities LLC, Stamford, CT Employer, Current Title UBS Securities LLC, Stamford, CT Variable Annuity Structurer Professional Background Responsible for North American variable annuity risk management and hedging. Society of Actuaries Experience (section and committee memberships and participation) Presenter on Variable Annuity Update and Trends at 2011 SOA Life and Annuity Symposium Presenter on Retirement Income at SOA/LIMRA/LOMA symposium Contributor to Risks and Rewards newsletter. Experience (relevant to candidacy) History of non-traditional and entrepreneurial roles both in and out of the life insurance industry, including asset management, credit analysis, sports broadcasting and currently responsible for North American variable annuity hedging and structuring at UBS. Why are you interested in leading your section? I have taken a non-traditional path throughout my career, and I m thankful to the actuarial profession for opening so many doors for me along the way. I even found my actuarial background to be very helpful as I took a career detour as a television sports anchor. My interest in the Entrepreneurial Actuaries Section council has several layers. First, I m interested in working closely with other actuaries who have taken risks and made the choice to pursue unique career paths. Second, I feel I owe it to the SOA to give more of my time back to the profession that has been so valuable throughout my career. Third, I want to support and encourage other actuaries to be open to opportunities that may not necessarily be in their comfort zone and to appreciate the broad applicability of their skills. And finally, I believe the actuarial community can do a lot more to promote itself to entrepreneurial college and high school students, and the EAS is uniquely positioned to take on that challenge.
6 Nickolas John Ortner, FSA, MAAA National Guardian Life Insurance Company, Madison, WI Employer, Current Title National Guardian Life Insurance Company Product Development Manager, Group (other than Life) Markets Professional Background The first 15+ years of my career were in health, employee benefits, and insurance carrier consulting, touching the breadth of health care-related products, covered populations, methods of distribution, and clients (carriers and employers) in that market. Most recently, I've spent close to three years in product development and management work on the carrier side (larger and smaller). Society of Actuaries Experience (section and committee memberships and participation) Though no formal SOA committee involvement previously, please just note the following to help demonstrate what I may be able to bring to the table: Authored winning essay of the Entrepreneurial Actuaries Section s 2010 essay contest ("Big Issues"/innovative use of predictive modeling/business analytics), along with an Honorable Mention essay in a similar contest from Authored various articles for the Health and Management & Professional Development Sections and previous speaker at SOA meetings Experience (relevant to candidacy) Entrepreneurship was a necessity in my consulting life to develop areas of expertise and establish specific niches where an actuary becomes the go-to person, both internally with external clients. In my current role, my position is a newly created one that demands a varied background and nimble thinking to respond to and assess emerging product and relationship opportunities, while appreciating the relative chaos of the current business and regulatory environment when making those assessments. Why are you interested in leading your section? The creativity and diverse backgrounds of the EAS is very interesting to me, to get more engaged with a group with such varied and dynamic backgrounds and acquire an even better understanding of "how the EAS thinks." The EAS's "different way of thinking" sparked my interest in getting more involved. My hope is that my admittedly somewhat more "traditional" background helps to round off the experience in the group, while my entrepreneurial mindset/edge and collaborative style help to complement and move forward the current group's work and goals.
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