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Jeff Klanderman

Jeff Klanderman

KPMG LLP primarily serves the Southeast and Caribbean regions but their practice is global in scope. Jeff personally has performed projects in Europe, Asia and South America. His regular role is to provide actuarial consulting services and audit support services to KPMG's life and health insurance clients.

As Actuarial Senior Manager for KPMG LLP, Jeff's consulting projects often take the form of financial modeling of a client's insurance business. Projects also include the design of new insurance products for companies and the certification of required reserve balances. Jeff's audit support projects involve review of client company financial statements to insure compliance with GAAP and Statutory accounting rules. Through his job Jeff has had the opportunity to visit many different companies and he is often dealing with the highest levels of company management.  Jeff states that, "With the current focus on the financial sectors of industry, my job at a major accounting firm has taken on a relatively high level of visibility."

Jeff says that he first heard about actuarial science in high school, but did not look into it seriously until his junior year of college. He was pursuing a math degree, but had interests in business and economics. Furthermore, Jeff's mathematical interests were more applied than theoretical. A career in actuarial science seemed a good fit. Jeff began with a summer internship at a company in Washington D.C. which he enjoyed. Jeff's first job out of college was with a small consulting firm in North Carolina. He went from there to two insurance companies, the first in North Carolina and the second in Maryland before joining his current employer in 1995. As often is the case in actuarial work, Jeff spent a good deal of his first few years out of college studying and working through the actuarial exams. Jeff completed all of the exams and he achieved Fellowship in the Society of Actuaries in 1998.

Jeff states that, "With the exception of some instances on the initial actuarial exams, I will admit that I have not used many direct applications from my mathematics degree. I can only recall solving 2 integrals over the course of the last 10 years. What has helped me significantly is working through the thought process that most good mathematicians develop to address problems. 'What information do I know, what information do I not know that I need to derive.' It is an approach that works as well in a board room as it did in a modern algebra class."