GARY R. BLACKWOOD

Cell:  (718) 915-0778;                                                                                                                                            GBlackwo@aol.com

 


Areas of expertise include designing of actuarial/financial models, reserving, pricing and manipulation of actuarial/financial database. Possess strong communication skills (written and oral) in building and maintaining client and peer business relationships.  Expected Society of Actuaries ASA designation--December 2010.

 

PROFESSIONAL EXPERIENCE

 

Accenture, Edison, NJ                                                                                                                                                        2007-2010

Actuarial Consultant

Provided support as a consulting actuarial team member on the implementation of client’s life insurance software platform. Served as the main actuarial liaison with clients on enhancement projects.

·          Authored actuarial specifications and functional specifications to provide client solutions.

·          Created Business System Requirements from clients Request For Business.

·          Configured insurance products (UL/VUL, Traditional, or Annuities) based on the design in the actuarial specifications and functional specification.

·          Designed and executed test cases using detail knowledge of actuarial specifications, regulations, and system processing.

·          Ad hoc actuarial support to resolve various policy issues such as reserves, cash values, GMIB, GMDB, MVAs.

 

American Re HealthCare, Princeton, NJ                                                                                                                       2003-2006

Sr. Actuarial Analyst

Managed five ceded insurance companies block of business; each with an average annual premium amount of $30M.  Monitored performance of the entire healthcare employer stop loss (ESL) block of business with a combined annual average premium amount of $500M.  

·          Created monthly and quarterly reserve studies for ESL, provider excess, small group, and individual medical.

·          Priced excess of loss products based on experience data and manual.

·          Shared results, assumptions and alternatives with senior management, underwriting, actuarial, claims, and accounting staff through formal written communications.

·          Conducted on-site audits/due diligence with clients in order to support sustainable client relationships.

·          Designed and augmented actuarial predictive models that monitored profit margin, loss ratios, commissions and other issues.

·          Manipulated actuarial databases using the SAS program language.

 

PricewaterhouseCoopers, New York City                                                                                                                        2000-2002

Actuarial Analyst

Provided actuarial support for employee benefits valuations of major domestic and international companies with average benefit obligations of over $200M.

·          Generated FAS 106 reports for retiree medical and life benefits.

·          Authored written analysis on financial projections and benefit valuations generated by proprietary programs.

·          Evaluated employee stock option with Black-Scholes formula (FAS 123).

·          Prepared reports on enrollment and claims data using SAS.

·          Designed valuation models for post employment benefits (FAS 112) with the aid of SAS.

 

Empire Blue Cross and Blue Shield, New York City                                                                                   1996-2000

SAS Programmer

Supported the major actuarial initiatives with data analysis and reserve valuations.

·          Calculated monthly reserves for Managed Care Products.

·          Generated cost and utilization reports for actuarial analysis.

·          Generated programs to check rate filing accuracy.

·          Designed programs with SAS that helped to analyze large claims databases with over 70 million records.

·          Completed ad hoc reports from research on enrollment and claims data.

 

EDUCATION

BA, Actuarial Science, Baruch College, City University of New York

Four Society of Actuaries Exams (SOA) and FAP modules 1 to 7.

 

COMPUTER SKILLS

SAS, SQL, Microsoft Excel, Word and Access.  Mainframe (MVS, JCL)