SUMMARY OF SCHOLARLY, PROFESSIONAL, AND UNIVERSITY ACTIVITIES

STEVEN L. CRAIGHEAD

Birth date

August 6, 1956

Field

Actuarial Science and Mathematics

Educational History

Professional Designations

Professional Experience

I. Summary of Research and Creative Work

A. Publications - title, journal, year and pages

1. Bayesian Graduation, Actuarial Research Clearing House, 1991.1, 301-319 (1991).
2. Differential Equation Model for Yield Curves, Actuarial Research Clearing House, 1992.1, 137-160.
3. Chaotic Analysis on U. S. Treasury Interest Rates, Actuarial Research Clearing House, 1994.1, 281-318.
4. Chaotic Analysis on U. S. Treasury Interest Rates, AFIR 1994 volume 2, 497-536.
5. Discussion of The Sensitivity of Cash-Flow Analysis to the Choice of Statistical Model for Interest Rate Changes by Gordon Klein, Transactions of Society of Actuaries 1993 Volume XLV, 139-141.
6. Discussion of Dependent Decrement Theory by Jacques F. Carriere, Transactions of Society of Actuaries 1994 Volume XLVI, 67.                                                                                    
7. Extreme Value Statistics, Resampling, and Insolvency Testing, Actuarial Research Clearing House, 1996.1 pp. 183-223.                                                                                                    
8. Insolvency Testing, Extreme Value Statistics, and Resampling, AFIR 1996 volume 2, 1669-1691.
9. Portfolio Optimization in Corporate Models, with William Babcock. To appear in Actuarial Research Clearing House, 1998.
10. . Portfolio Optimization in Corporate Models, with William Babcock. To appear in AFIR 1999.
11. . Risk in Investment Accumulation Products of Financial Institutions. To appear in the Proceeds of the Risk in Investment Accumulation Products of Financial Institutions.

B. Work in Progress

1. Insolvency Testing: Insolvency Testing: An Empirical Analysis of the Generalized Beta Type 2 Distribution, Quantile Regression, and a Resampled Extreme Value Technique. This paper is for SOA credit.
2. Outlier Analysis using the Kalman Filter.
3. Dynamic Portfolio Optimization in Corporate Models.
4. NFS Transfer Risk Study.

 C. Awards

1. Member of Sigma Mu Honor Society, Emory and Henry College, 1976.
2. Robert N. Powell Award for Innovation and Excellency-April 4, 1998 by Nationwide Financial Services.

II. Contribution to Teaching

A. Graduate

1. Courses designed and taught: Actuarial Mathematics, Spring 1987.
2. Exam preparation course for Society of Actuaries Exam 100, Winter 1988, 1989, and 1990.

B. Training Seminars

1. Exam preparation course for Society of Actuaries Exam 110, August-October 1990, for Craighead Educational Service.
2. Exam preparation course for Society of Actuaries Exam 100, October 1991.
3. Actuarial Mathematics and Graduation for the Russian Actuarial Seminar at Moscow State University, August 1994.
4. Organized the NFS volunteer OSU instructor programs- April 1997.

III. Contributed Talks (title, place, date)

1. "Use of Fast Fourier Transform with Mortality Data," Ohio State University, March 1989.
2. "Bayesian Graduation," 25’Th Actuarial Research Conference, London Ontario, August 1990.
3. "Differential Equation Model for Yield Curves," 26’Th Actuarial Research Conference, University of Illinois, August 1991.
4. "Chaotic Analysis on U. S. Treasury Interest Rates," 28’Th Actuarial Research Conference, University of Wisconsin, August 1993.
5. "Chaotic Analysis on U. S. Treasury Interest Rates," Actuarial Approach for Financial Risks International Colloquium, Orlando Florida, April 1994.
6. "Chaotic Analysis on U. S. Treasury Interest Rates," Moscow State University, August 1994.
7. "Bayesian Graduation," Moscow State University, August 1994.
8. "Managing Hyper-Inflation," Moscow State University, August 1994.
9. "Extreme Value Statistics, Resampling, and Insolvency Testing," 30’Th Actuarial Research Conference, Pennsylvania State University, August 1995.
10. .Chaos Theory - Financial Markets, Canadian Institute of Actuaries, November General Meeting, November 1995.
11. ."Extreme Value Statistics, Resampling, and Insolvency Testing," 6’Th AFIR Colloquium, Nuremberg Germany October 1996.
12. ."Economic Scenario Generation," 31’Th Actuarial Research Conference, Ball State University, Muncie, Indiana, August 1997.
13. ."Economic Scenario Generation," Tri-State Actuarial Conference, Cincinnati, Ohio, September 1997.
14. ."Economic Scenario Generation," at the Empirical and Theoretical Foundations of Interest Rate Models, Atlanta Georgia, October 1997.
15. ."Economic Scenario Generation," at the Empirical and Theoretical Foundations of Interest Rate Models seminar, Washington DC, November 1997.
16. ."Economic Scenario Generation," Actuarial Club of Central Ohio, Columbus Ohio, March 1997.
17. .Moderator: "The Empirical and Theoretical Foundations of Interest Rate Models," Rosewood Illinois, July 1997.
18. ."Risk Neutral Economic Scenario Generation," 32’nd Actuarial Research Conference, University of Calgary, Calgary Canada, August 1997.
19. .Workshop Moderator: "How to obtain the greatest amount of information from the fewest scenarios", Valuation Actuarial Symposium, September 1997.
20. .Panel member: "Whither Scenarios", Annual meeting of the Society of Actuaries, Washington D.C., October 1997.
21. ."How to obtain the greatest amount of information from the fewest scenarios", ALM Conference, Chicago Illinois, December 1997.
22. .Moderator: "Economic Scenario Generation", Valuation Actuary Symposium September 1998.
23. .Lead Presenter: "Risk in Investment Accumulation Products of Financial Institutions." Symposium on Risk in Investment Accumulation Products of Financial Institutions. Sponsored by the Actuarial Foundation and Nationwide Financial Services. New York, January 1999.
24. ."Risks in the Insurance Industry." Conference on Integrated Risk and Return Management for Insurance Companies. New York University NYU-Stern School of Business. New York, May 1999.
25. ."Portfolio Optimization in Corporate Models," IBC’s 8’Th ALM Conference- New York June 1999.

IV. Scheduled Talks (title, place, date)

1. "Risk Drivers Revealed: Quantile Regression," 34’Th Actuarial Research Conference, De Moines, Iowa, August 1999.
2. "Transfer Risk," Separate Account Symposium, Toronto, Canada, September 1999.
3. "Low Discrepancy Sequences," Ohio State University Statistical Department anniversary. October 1999.
4. "Risk in Investment Accumulation Products of Financial Institutions." Symposium on Risk in Investment Accumulation Products of Financial Institutions. Sponsored by the Actuarial Foundation and Nationwide Financial Services. New York, January 1999.

V. Current Areas of Research

1. Optimal Portfolio Selection.
2. Outlier Analysis.
3. Low Discrepancy Sequences.
4. Economic Scenario Generation.
5. Interest Rate Models.
6. Quantile Regression.
7. Insolvency Testing.
8. Resampling.

VI. Software Development

1. Various Payout Reconciliation Systems – 1985-1990.
2. Individual Annuity Administration System – 1985-1989.
3. Large Group Annuity Add administration system(s) –1988-1990.
4. Order Statistic Calculator – 1991.
5. Resampled Extreme Value (REV)- 1996.
6. OAVDE Calculator- 1997
7. Quantile Regression Calculator- 1999.

VII. Other Activities (not covered in previous categories)

1. Employed as a Assistant Actuary at Nationwide Financial Services April 1985 to Present. Current work entails risk analysis, statistical consulting and general research for the Asset Liability Management Actuarial. Prior work has included statistical consulting for the Vice President and Valuation Actuary of the Corporate Actuarial Department. Also aided the Senior Vice President and Chief Actuary in the preparation and presentation of several talks to the Board of Directors.
2. Traveled to Odessa, Ukraine to study the feasibility of setting up an Actuarial Program at Odessa State University. June-July 1992.
3. American Statistical Association: March 1992 - present.
4. Columbus Actuarial Club - member 1983-present.
5. Referee for the North Atlantic Actuarial Journal: 1996 - present.
6. Referee for the Journal of Actuarial Practice: 1998 – present.
7. CKER grant committee member: 1998-present.
8. SOA Finance Section Research Committee member: 1998-present.
9. Public classical guitar performance in Odessa, Ukraine, July 1992.
10. .Public classical recorder performance in Columbus Ohio, 1996.