Jeffrey A. Beckley, FSA 1980, MAAA

Professional Actuary in Residence, Purdue University, Carmel, IN
Consulting Actuary, Actuarial Options LLC, Carmel, IN

Brief description of the type of work you currently do:

• Teach Actuarial Science Courses
• Consult for small life insurance companies and state insurance departments

Primary Area of Practice:

Life Insurance

Professional Background:

For the last five years, I have been teaching Financial Mathematics and Loss Distributions for Purdue University's actuarial program, a program with approximately 200 actuarial students. In addition, I provide consulting actuarial services to small companies and state insurance departments. For the five years prior to that, I was a Director for Deloitte Consulting. Prior to Deloitte, I was with Beckley & Associates for 13 years. Beckley & Associates provided life and health actuarial consulting services to the insurance industry and regulatory agencies. Deloitte bought Beckley & Associates in 1999. In my career, I have been a life actuary, a health actuary, a regulatory actuary, and an academic actuary. I have worked for life and health companies, small and large consulting firms, and Purdue University. I have a broad background which would be very helpful in serving on the Board.

Volunteer Experience:

• Education and Examination Committee for 20 years
• Chair of Life Contingencies and Interest Theory Exams
• Chair of general Exam Committee
• Member of the Board Task Force on Education
• Chair of the Education 2000 Design Team
• Responsible for Module 8 of the Fundamentals of Actuarial Practice
• Committee on Life Insurance Research
• Former Chair of the Committee
• Led restructuring of the Committee to serve the various life insurance sections
• Implemented structured process for selecting research projects
• Resulted in significant coordination of research among sections and more efficient use of funds
• Served on Section Councils
• Product Development Section including term as Section Chair
• Education and Research Section
• Member of the Planning Committee for the Valuation Actuary Symposium for 6 years
• Member of the Academy of Actuaries Life Reserve Working Group
• President of the Actuarial Club of Indiana, Ohio, and Kentucky
• President of the Indianapolis Actuarial Club

Vision Statement:

I am very concerned that over the next ten years the Society of Actuaries will face a significant shortage of volunteers. I believe that our employers are much less supportive of professional volunteer opportunities than in the past. Further, I believe that with the current economic situation, employers will become even less supportive. The Society relies heavily on volunteers. Furthermore, I believe that for many of us, volunteering in the Society has been an important part of our professional and personal development as actuaries. The Society needs to take steps to address this issue. I believe that the value of the Society's volunteers must be communicated directly to employers whose support is critical. I think that the Society must reward effective volunteers with more responsibility quicker. I believe that we must open significant leadership opportunities for effective volunteer leaders. Further, the Society must find ways to directly address ineffective leadership when such a situation occurs. Ineffective leadership wastes the time of the volunteers involved as well as the Society staff.