Steven Wang, CFA

InnoCare Series D; Clarapath Series B; Transcenta Holding Series B+

Mindray Medical Pre-IPO

Financial Institutions Group

Financial Institutions Group

Demonstrated keen insight within the insurance industry and have completed multiple rotations in Asset Liability Management, Enterprise Risk Management, and Group Insurance. Asset Liability Management Provided actuarial management and served as an asset liability professional with completion of stochastic modeling exercise on investment duration for Corporate Owned Life Insurance (COLI) business. Developed various duration levels that aided investment strategy and automated reporting templates utilizing Excel with ability to expand capabilities. Utilized Economic Capital models to determine 2012 Q4 and 2013 Q1 actuarial reserves for Mutual Fund business under scenarios varied by market assumption and actuarial assumptions. Validated the cash flow testing model for Modified Guaranteed Life Insurance (MGLI) business, completed asset adequacy analysis and assisted in book of business transition to Prudential.

Enterprise Risk Management - Hedging, 2011-2012 Promoted to analyze fund mapping and compare variances between U.S. and Japan Variable Annuities liability portfolio performance and major market indices performance; successfully automated input processes that cut down the project turnaround time by 50%. Directed cross-functional team of 7 personnel in development and testing of consolidated version of daily risk reporting tool that significantly cut down daily manual production time from 2 hours to 15 minutes. Trained junior analysts on UK daily risk report and liability portfolio analysis; indirectly supervised 1 summer intern on fund return prediction and project presentation. Group Benefits Division, 2010-2011 Began tenure to provide effective actuarial analysis within the Group Benefits Division, advised underwriters and negotiated with sales representatives on pricing group employee benefits cases ranging from $0.5 million to $20 million premiums; integrated successful pricing initiatives into underwriting best practice. Completed training sessions for underwriting teams on company’s proprietary pricing tool; assisted underwriters in understanding key pricing factors through breaking down of complex modeling concepts into simplified demonstration of a single policyholder. Served as member of a 10-person Joint Actuarial Student Program Committee, collaborated with other members to plan semi-annual actuarial student forum, attracted hundreds of teammates from the actuarial community. Served to mentor interns and junior analysts. Assisted in actuarial program recruitment through resume screening, hosted on-campus information session in WPI, and interviewed candidates for actuarial internship positions.

Group Disability Pricing, 2009 Privileged to work as a Intern and completed competitive analysis for Aetna’s group disability business against major competitors. Developed and presented pricing adjustment to department senior management, with rates filed to Department of Insurance. Enhanced and tested pricing models before release of step rates features that ensured sound pricing initiatives. Individual Markets Pricing, 2008 Drove team cohesion and led a team of 12 interns ranked 3rd out of 15 teams in a company-wide marketing competition in marketing health insurance to generation Y consumers. Identified and researched plan designs of Aetna’s individual products against current Medicare Part D plans in various states, and provided key recommendations in possible plan design changes and profit margin updates to senior management.

Columbia Business School - The Ming Chu Hsu Scholarship

WPI Presidential Scholarships WPI International Scholarships