Susan B. Watson 801 57 th Place West Des Moines, IA 50266 (515) 480-0259 susan.watson@drake.edu --------------------------- CORE PROFESSIONAL STRENGTHS --------------------------- Leadership Vision casting Strategic planning Staff development and oversight Budgeting and cost management Communication Policy development Community needs assessment Community relations Donor development Actuarial and Finance Cost management Asset liability management Financial projections/cash flow testing Interest crediting, spread management Surplus management Financial statement preparation Experience studies Dynamic pricing Relationships with banks/rating agencies Teaching Curriculum design and development Classroom experience children-adults Interactive small group teaching Lecture experience Teacher supervision Teacher evaluation and skills assessment Excellent written and verbal communication skills Excellent interpersonal and teaching skills Multi-media presentation development ----------------------------- PROFESSIONAL EXPERIENCE ------------------------------ ACADEMIC EXPERIENCE Drake University Teaching Assistant Professor of Practice in Actuarial Science Director School of Actuarial Science and Risk Management Fall 2017-Present Spring 2018 ACTS 161 (2 sections) Short-Term Actuarial Math 1. Helps prepare students for SOA Exam STAM. Fall 2017 Probability I. Helps prepare students for SOA Exam P. ACTS 50 (2 sections) - Introduction to Actuarial Science. Required course for all first-year ACTS students. Assistant Professor of Practice in Actuarial Science Assistant Director School of Actuarial Science and Risk Management Fall 2016-Spring 2017 Fall 2016 ACTS 132 (2 sections) Probability II. Helps prepare students for SOA Exam C. ACTS 50 Spring 2017 ACTS 132 (2 sections)
Visiting Assistant Professor of Statistics & Interim Assistant Director of the SoASRM Fall 2015-Spring 2016 Spring 2016 ACTS 132 (2 sections) Fall 2015 ACTS 132 (2 sections) Visiting Assistant Professor of Statistics & Assistant to the Dean for Accreditation Fall 2014-Spring 2015 Spring 2015 ACTS 132 Stat 72 (2 sections) Statistics II. Part of CBPA Core Curriculum. Fall 2014 MFM 212 - Data Analysis for Decision Making. Stat 71 - Statistics I. Part of CBPA Core Curriculum. Stat 72 Adjunct Instructor, Statistics Fall 2013-Spring 2014 Spring 2014 Stat 72 (3 sections) Fall 2013 Stat 71 Stat 72 (2 sections) Robb B. Kelley Visiting Assistant Professor of Actuarial Science Fall 2012-Spring 2013 Spring 2013 Stat 72 (3 sections) Fall 2012 Stat 71 (2 sections) Stat 72 (2 sections) Adjunct Instructor, Statistics Spring 2012 Spring 2012
Service Member of Undergraduate Curriculum Committee (Fall 2017-present) Member of Exploration Team for Data Analytics Graduate Certificate (2016-2017) Member of Search Committee for Assistant Professor Actuarial Science (2016) Member of CAE Faculty Conference Planning Team (2015) Member of Search Committee for ACTS Program Director (2015) Coordinated CAE 5-year Renewal Application (2015) Member of Administrative Staff Team, CBPA (2014-2015) Member of Strategic Planning Committee, CBPA (2014) Coordinated CBPA Curriculum Retreat (Fall 2014) Coordinated CBPA Faculty Retreat (Summer 2014) Led CBPA Steering Committee (Summer 2014) Scholarship Clarke, C., Sedlacek, R., Watson, S. (2016). Impact of a Simulation Exercise on Pharmacy Student Attitude toward Poverty. American Journal of Pharmaceutical Education, Volume 80, Issue2, 2016: Article 21. Conferences CAE Faculty Conference, 2016 Travel Opportunities for Actuarial Students Iowa Actuaries Club Education Day, 2014 Data Mining: An Introduction CORPORATE PROESSIONAL EXPERIENCE BP Real Estate Group 2001-Present Partner Co-founded a commercial real estate company in 2001 Own and actively manage all operations of multi-tenant office and retail buildings in the Des Moines metropolitan area Equitable of Iowa Companies, ING 1991-1999 Senior Vice President and Chief Financial Officer Consultant (1999)
Developed and authored business and financial plan Investor, banking, and rating agency relations Large staff management Oversaw accounting, corporate actuarial, and cost management Key member of senior management team Participation with Board of Directors Vice President, Finance Assist in management of corporate financial structure Maintain relationships with banks and rating agencies Provide financial support for internal departments and external audiences (equity analysts, shareholders, etc.) Coordinated capital securities issuance Provided financial support, valuation, and analysis for ING acquisition. Responsible for actuarial models. Designed and implemented interest rate hedging program including board review, development of internal controls, and establishment of counterparty agreements with key financial institutions. Assumed primary responsibility for interacting with institutional shareholder base, as well as sell side equity research analysts. Greatly expanded equity research coverage. Assisted in financing the Golden American transaction via tax-deductible preferred security. Developed an asset liability management team, with representatives from finance, product development, and investment area. Developed asset liability management matrix used to manage company interest spreads to reflect maturity of investments, aging of liabilities, and a quarterly calculation comparing asset and liability durations. Revised investment allocations that backed our various product lines. Coordinated with product development on dynamic pricing and required capital standards. Worked with S&P to reduce our company s capital charge that resulted from their new mortgage backed security interest rate risk model. Assistant Vice President and Corporate Actuary Expanded corporate projections to include five-year format. Also presented Equitable Life and USG in a consistent format. Expanded cash flow testing to include quarterly, as well as annual, analyses. Combined the interest crediting process and report formats for Equitable Life and USG. Coordinated with sales and marketing and senior management to improve interest rate setting procedures. Assisted in developing the methodology for the FAS 107 Fair Value Disclosure of assets and liabilities. Expanded cash flow testing models to include new business and surplus. Developed presentations concerning this information for senior management, the board of directors, rating agencies, as well as for the stock offering due diligence meetings. Completed major review of USG DPAC amortization schedules. Financial statement preparation related to reserves, DPAC, FAS 107 International business company contact Introduced cash flow testing at USG
Began development of dynamic pricing Participated in numerous marketing seminars around the country Central Life Assurance Company 1986-1991 Actuarial Assistant Actuarial Intern Member of the Financial Actuarial Department and worked on projections, valuation, cash flow testing, and miscellaneous special projects NONPROFIT PROFESSIONAL EXPERIENCE Waukee Area Christian Services 2005-2018 Board Chair (2005-2016), Nominating Committee (2016, 2018) Created multi-agency non-profit service organization Oversee community food pantry, free medical clinic, and community garden Maintain community and church relations Staff oversight and development Westview Church 2000-2012 Associate Pastor Ministry Director Teaching, training and spiritual nurture Staff oversight and development Strategic planning and budgeting Pastoral care, counseling and personal development ----------------------------- EDUCATION / PROFESSIONAL ------------------------------ Education M.S. in Statistics Emphasis Area: Business Analytics Texas A&M, College Station, Texas August 2016 Masters of Divinity, Summa Cum Laude Bethel University, St. Paul, Minnesota May 2007
B.S.B.A. Actuarial Science, Summa Cum Laude Drake University, Des Moines, Iowa May 1989 Certifications and Professional Organizations Fellow, Society of Actuaries Ordained Minister in the Reformed Church in America Computer Skills R, SAS, Microsoft Office, Blackboard, MyStatLab Board and Committee Roles Board and Committee Member (Planning & Finance), Wesley Life a $90 million revenue company in Iowa focused on retirement and healthcare services; Board Treasurer/Secretary Board Member, BP Real Estate Group Mentor, Global Insurance Accelerator Outreach and Mentorship Committee, The Actuarial Foundation Modeling the Future Challenge Programming Committee, Iowa Actuaries Club Curriculum Board, Waukee APEX Finance & Insurance course Conference Planning Committee, CAE Faculty Conference Nominating Committee, Waukee Area Christian Services Previous Board and Committee Roles Council Member, Investment Section of Society of Actuaries Board Member, Civic Music Association Board Member, Des Moines Symphony Second Strings Board Chair, Waukee Area Christian Services Board Member, Westview Church