Matt's primary areas of AXIS and actuarial expertise are annuity pricing and valuation.
Matt is a Senior Consulting Actuary at August Actuarial Consulting (AAC) with 13 years of experience in the insurance industry.
Matt joins AAC from doing independent AXIS contracting work focused around providing maintenance and/or assisting with new implementations. His recent contracting experience includes:
- Modernization of an existing Variable Annuity model
- Created a new batch structure to reduce redundancies and provide more transparency to the VM-21 valuation process.
- Provided additional analysis and clarification to a Roll Forward process for client’s VM-21 reserve.
- Aided in the development of automating the VM-21 AXIS model under a new company specific run tool.
- Converted Universal Life / Traditional Life / Payout Annuity blocks of business from MG-ALFA to AXIS
- Contracted by a large Consulting firm to assist their team with a conversion of MG-ALFA models to AXIS for a large US Reinsurer.
- Built Batch and DataLink processes to automate model builds across multiple modules.
- Reconciled AXIS results to prior system within client tolerances
- Created Excel reconciliation tools to validate AXIS results where system differences arose
Prior to his time performing independent contractor work, Matt spent five years at GGY and Moody’s Analytics in various client support roles. His experience at GGY/Moody’s includes:
- AXIS Client Support
- Direct communications with AXIS users to assist with questions.
- Primary contact point for development of new functionality (enhancement requests)
- Developed reconciliation tools and user guide resources for Fixed Indexed Annuities and Data Models via DataLink
- AXIS Testing
- Worked closely with GGY/Moody’s developers to develop new functionality (internally and externally requested)
- Recreated and separately verified AXIS calculations using Excel.
- US GAAP LDTI Development
- Key Annuity resource for the development and testing of US GAAP LDTI functionality
- Created and maintained the US GAAP LDTI User Guide for clients to use covering all modules and business.
- Participated and led Moody’s hosted Webinars covering updates / learning sessions for US GAAP LDTI functionality in AXIS.
Matt began his actuarial career at Jackson National Life after receiving a bachelor’s degree in mathematics from Ferris State University. During his six years at Jackson National Life, Matt spent his time in various roles including Economic Capital modeling using MG-ALFA, performing Experience Studies using SAS, and providing assumption development support.