The CAS and You: Resources for New Chairs John Kollar Joanne - - PowerPoint PPT Presentation

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The CAS and You:

Resources for New Chairs

John Kollar Joanne Spalla Patricia Teufel

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Introduction

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Board of Directors

Presenter

John Kollar

4 #

Board of Directors

Presenter

Patricia Teufel

5 #

Board of Directors

Presenter

Joanne Spalla

6 #

CAS Centennial Goal

The CAS will be recognized globally as a leading resource in educating casualty actuaries and conducting research in casualty actuarial science. CAS members will advance their expertise in pricing, reserving, and capital modeling; and leverage their skills in risk analysis to become recognized as experts in the evaluation of enterprise risks, particularly for the property and casualty insurance industry.

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Leadership Competency Model

KNOWLEDGE SKILLS

CAS Structure Communication Other Actuarial Organizations Collaboration Strategic Thinking Time Management Planning and Project Management

PERSONAL ATTRIBUTES Influencing for Results

Professionalism Leading Accountability Building Relationships Intellectual Curiosity Recruiting Relating to multiple generations

http://www.casact.org/members/index.cfm?fa=viewArticle&articleID=1190

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Governance - Structure

Board of Directors CAS Staff Executive Council

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Governance: Transparency

n Board Meeting Observer Policy n Board Meeting Executive Summary n Board Meeting Minutes n EC Meeting Minutes

10 #

Board of Directors

Board Chair

John Kollar

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Governance - Board of Directors

n Immediate Past President (Board Chair)

n 12 Directors Elected by the Members n 3 Directors Appointed by Board n President-Elect Elected by Members n President

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Governance - Board of Directors Committees Reporting to the Board

n Audit n Discipline n Strategic Planning n Nominating Committee n Risk Management Committee n Leadership Development Committee

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Questions

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Executive Council

President

Roger Hayne

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Executive Council

President – Elect

Ralph Blanchard

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Executive Council

Vice President ERM

Kevin Dickson

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Vice President-ERM

Responsible for

n Implementation of CERA Designation n Implementation of the CAS risk plan n Seeking opportunities to collaborate with other

bodies interested in ERM

n ERM –II n Joint Risk Management Section.

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Vice President-ERM

n ERM Education, Training and Research

n Partner with Professional Education to ensure that

meetings and seminars contain sufficient ERM content

n Partner with Research to identify and support

development of the body of knowledge for key ERM topics

n Ensure continuing CAS involvement in ERM

Symposium and similar events

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Executive Council

Vice President Admissions David Menning

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Vice President-Admissions

Responsible for CAS basic education, including:

§ Education policy, § Syllabus development, § Exams, § Communications with candidates.

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Committees Reporting to VP-Admissions

n Candidate Liaison n Computer-Based Testing n Education Policy n Examination n Joint Exam Administration n Preliminary Education n Syllabus n VEE Administration

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Executive Council

Vice President Professional Education

Chet Szczepanski

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VP-Professional Education

Responsible for post-admissions education.

n Oversees meetings and seminars and their

planning committees.

n Monitors the activities and needs of Regional

Affiliates and Special Interest Sections, especially as regards support for their continuing education

• fferings.

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VP-Professional Education

n Oversees and works with the Professional

Education Policy Committee to:

n Broaden the knowledge of the membership in all areas of

actuarial science and related fields, including general business skills and professionalism.

n Develop alternative continuing education vehicles. n Stimulate authorship of specified continuing education topics;

and,

n Evaluate continuing education requirements.

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Executive Council

Vice President Research Louise Francis

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Vice President-Research and Development

n Responsible for CAS activities designed to

encourage, coordinate, and supervise the advancement of casualty actuarial science.

n Key vehicles

n Research committees n Working parties n Prize committees

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Research Committees

n Climate Change n Dynamic Risk Modeling n Health Care Issues n Management Data and Information n Ratemaking n Reinsurance n Reserves n Theory of Risk n Valuation Finance and Investments

28 #

Executive Council

Vice President International

Kris D. DeFrain

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Vice President-International

n Responsible for management and supervision of CAS

international activities, including:

n Chair of the International Leadership Team n IAA official positions (professional & technical) n Assistance to developing actuarial organizations/

areas

n Support of CAS members outside of North America n Interaction with non-North America, non-CAS

members and organizations.

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Executive Council

VP-Marketing & Communications

Nancy Braithwaite

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Vice President-Marketing &

Communications

n Responsible for marketing and

communications activities conducted by or on behalf of the CAS. Examples:

n Execute communication plans for major

issues of strategic import.

n Strengthen CAS relationships with key

universities through University Liaison program.

n Encourage students to consider a career as

an actuary.

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Executive Council

Vice President Administration Leslie Marlo

33 #

33

VP – Administration

Responsible for:

n Budget n CAS Trust n CAS Publications n Administrative Committees and Task

Forces

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Executive Council

Executive Director

Cynthia Ziegler

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Executive Director

n Responsible for:

n Management of CAS Office operations n Participating in meetings of the Executive Council as

a voting member

n Attending meetings of the Board of Directors. n The development and presentation of CAS Office

plans and budget requirements.

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Executive Director

n Responsible for (cont):

n The administrative functions of Secretary and

Treasurer as outlined in the CAS Constitution and Bylaws.

n Serving on the CAS International Leadership Team n Serving as the CAS Correspondent and Liaison to

the International Association of Actuaries.

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Questions

38 #

The Governance Process

VP presents recommendation to EC Committee Chair submits recommendation to VP

If recommendation is outside the EC’s authority, VP must present recommendation to the Board

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Types of EC Agenda Items

n Action: Results in a formal motion

for specific action at the meeting

n Discussion: Involves discussion, but

not a specific action

n Information: No discussion or action

anticipated unless requested

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Structure of EC Agenda Items

n Subject n Responsible Officer n Background n Discussion n Relevance n Next Steps

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Budget Process

n February: Office distributes Budget Planning Packages

to the Chairs. Chairs complete and submit budget questionnaire worksheet to the Office and VP.

n March:

Finance Committee reviews and recommends budget to EC Board review of expected substantive budget changes

n April: EC review n May: Board first pass review n July: Finance Committee second pass review n August: EC second pass review n September: Board final approval

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Committee Chair Input to the Budget Process

n Regular Committee Expenses

n In-person committee meetings n Requests for travel expense

reimbursement

n CAS funded telephone/WebEx

conferences

n Special Funding Requests

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Resources for Committee Chairs

n Staff Liaisons

44 #

Need to Update

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Resources for Committee Chairs

n Staff Liaisons n Vice Chair n CAS E-mail Lists

46 #

Resources for Committee Chairs

n Staff Liaisons n Vice Chair n CAS List Serve n Membership Advisory Panel n Quinquenniel Membership Survey

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Key Reference Material for Committee Chairs

n Proceedings/Yearbook http://

www.casact.org/yearbook/

n Constitution n Bylaws n Policies

n Committee Chair Manual

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Committee Chair Manual http://

www.casact.org/members/manual/committee

n Position Descriptions n Governance of Committees n Committee Appointment Process n Committee Planning Process n Meetings, Teleconferences, and Electronic

Communications

n External Communications n Publicity n Legal Considerations n Fraudulent or Dishonest Conduct/Whistleblower Policy

49 #

Committee Staffing Process

n Participation Survey n Committee Staffing Guidelines

n Committee Member Term – 3 Years n Contact Members who indicated a

preference for joining your Committee

50 #

Committee Planning Process

n Committee Goal Setting (October) n Quarterly Cycle Reports

http://www.casact.org/members/VPCycle

n Overview of activity in the quarter n Progress on Goals n Staffing Changes n Deadline: Three weeks before EC Meeting

51 #

Leadership Competency Model

KNOWLEDGE SKILLS

CAS Structure Communication Other Actuarial Organizations Collaboration Strategic Thinking Time Management Planning and Project Management

PERSONAL ATTRIBUTES Influencing for Results

Professionalism Leading Accountability Building Relationships Intellectual Curiosity Recruiting Relating to multiple generations

http://www.casact.org/members/index.cfm?fa=viewArticle&articleID=1190

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Questions