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Max J. Rudolph, FSA CFA MAAA
Max J. Rudolph, FSA CFA CERA MAAA
Rudolph Financial Consulting, LLC
5002 S. 237th Circle
Elkhorn, NE 68022
(402) 895-0829
max.rudolph@rudolph-financial.com

Max J. Rudolph, FSA CFA CERA FLMI RHU MAAA

Experience

Rudolph Financial Consulting, LLC 2006-present Founder and Principal

  • Enterprise Risk Management and Asset/Liability Management
  • Research projects covering ERM, Investments and Emerging Risks
  • Continuing education using online modules, courseware and seminars

 

 Creighton University 2011-present

 

  • Adjunct Professor, Master of Science Advanced Portfolio Management program

Mutual of Omaha Insurance Company 1983-2006 VP, Financial Risk Management

  • Financial Risk Management
    • Value added strategic planning
    • Balance sheet management: ALM, liquidity, capital
    • Account value product management
  • Asset Liability Management (ALM) and Projections
    • Asset adequacy testing
    • GAAP/statutory/embedded value projections
  • Valuation: Individual Life/Annuity
  • Pricing: DTC Life, Structured Settlements, payout annuities, GICs

Key Accomplishments

  • Adjusted company deferred annuity sales/investment strategy, increasing firm value 3%
  • Implemented and peer reviewed ERM process for small/midsize insurance companies
  • Developed material for investment track and risk management SOA on-line modules
  • Conducted recurring survey on Emerging Risks
  • Conducted research on US insurer investment practices during downturn
  • Wrote white paper comparing practices of value investors with ERM practitioners
  • Conducted research on ERM practices at health insurers
  • Facilitated board level ERM discussion
  • Facilitated e-learning courses for masterís finance program as adjunct professor
  • Developed courseware for FSA Enterprise Risk Management track actuarial exam
  • Developed study guide for FSA investment track actuarial exam
  • Developed ERM course materials and presented course
  • Provided peer review of insurer's pricing discipline process
  • Developed rating agency relationships and presented financial risk measures
  • Developed interactive planning tool showing impact of strategies on income statement
  • Developed and facilitated professionalism case studies and interactive workshop
  • Ad hoc projects calculating value of non-liquid assets and liabilities
  • Quoted by many publications including Wall Street Journal, Reuters, Global Finance, CFO, Treasury & Risk Management, USA Today, Bloomberg Business Week

Professional Associations

  • Society of Actuaries
    • Board of Governors 2004-2007
    • Presidentís Award 2010 for work related to development of CERA credential
    • Investment Section Chair 2001-02 (council member 1999-2002)
    • Nebraska Actuaries Club President 2003-04 (board member 1999-2005)
    • Publications
      • The Actuary (ERM, Risk Based Capital, personal investing, emerging risks)
      • Financial Reporter (Projections, C-3 Phase II)
      • Risk Management (Emerging Risks)
      • Risks & Rewards (Insurer Investing Practices, Chair letters)
      • HealthWatch (Pandemic Influenza, ERM)
      • ALM Specialty Guide, ALM Principles (team reports)
  • American Academy of Actuaries
    • Life Capital Adequacy Subcommittee 2004-2011
    • Chair, Economic Scenario Work Group 2007-2009
    • RBC C-3 Phase II Task Force 2002-04 
  • Actuarial Standards Board
    • Member, Enterprise Risk Management Task Force 2010-present
  • CFA Institute
    • Board member, CFA Society of Nebraska  2012-present
    • Publications
      • CFA magazine (Insurer Investment Practices)
  • Life Office Management Association
    • Profitability Committee 1995-99
    • Publications
      • Resource magazine (risk of interest rates falling)
      • Team reports: Managing a Life Insurance Company in a High Risk Environment, Asset/Liability Management of Financial Institutions
  • LIMRA: published in The Marketer, LIMRA WorldWide (pandemics)
  • Speaker most recently for University of Manitoba, Nebraska Actuaries Club, SOA annual meeting, Metric Stream, Nexus Risk Management, American Fraternal Alliance, IASA CFO Roundtable, ERM Symposium, Investment Symposium, LOMA ERM for Smaller companies, LIMRA LIC.  Recent topics include Investment Strategies, Emerging Risks and Enterprise Risk Management.

Education

Michigan Technological University

  • BS Mathematics 1983  BS Engineering Administration 1983

 Credentials

  • Fellow of the Society of Actuaries (FSA) 1994
  • Chartered Financial Analyst (CFA) 1998
  • Chartered Enterprise Risk Analyst (CERA) 2007
  • Member, American Academy of Actuaries (MAAA) 1988
  • Fellow, Life Management Institute (FLMI) 1996
  • Registered Health Underwriter (RHU) 2002


     
© 2017 Rudolph Financial Consulting, LLC   max.rudolph@rudolph-financial.com
Omaha, Nebraska, USA
(402) 895-0829