April 5, 2012: Minimizing Business Risk in the Current Economy with a PSU Education

March 30th, 2012 by Dana Ernst

Title:  Singapore’s Innovative Mathematics Curriculum

Date:  Thursday, April 5 2012

Location: Hyde 314

Time: 4:00-5:00PM (Pizza at 3:30PM in Hyde 349)

Speaker: Scott T. Laine, M.S. (Towers Watson)

Abstract: The current economic environment has provided an opportunity for actuarial consultants to assist clients with evaluating their current levels of business risk and developing strategies to minimize such risk. In particular, our group assists clients with risk and solutions surrounding their pension liabilities. Actuarial consultants begin by defining the problem. Developing a sound solution starts with defining the current state of the pension plan in terms the impact on the financial status of the company. The current state analysis includes benchmarking their retirement program against market peers or defined competitors. The information will then drive the development of a solution or improvement that remains in line with the company’s goals while remaining competitive with their competitors. Once a solution is developed the company will monitor progress to ensure the desired outcome is attained.

The presentation will be presented as a personal perspective of the experiences found in the daily life of actuarial consulting.

Background:

  • Scott is a Senior Analyst in the retirement practice. With more than five years of experience in actuarial consulting, Scott has been involved in a broad range of assignments and responsibilities for a wide range of clients.
  • With an expertise in retirement plans, Scott assists a number of clients in the design, financial analysis, regulatory compliance, administration and funding of qualified and nonqualified retirement programs. He also works with clients on the design and implementation of retirement plan changes to meet organizational or compliance requirements. He has worked recently with Fortune 100 clients in integrating benefit programs post merger and acquisitions, as well supporting client needs on the day-to-day operation of their plans and programs.
  • Scott’s academic background includes a Masters of Science degree in Applied Mathematics from Worcester Polytechnic Institute and an undergraduate degree in Mathematics from Plymouth State University.

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