Graham A. Schmidt, Vice President

Years of Experience: 10

Education

• B.A., Mathematics, Johns Hopkins University, Departmental Honors, May 1998
• B.S., Mathematical Science, Johns Hopkins University, May 1998

Professional Certification

• Associate, Society of Actuaries
• Member, American Academy of Actuaries
• Fellow, Conference of Consulting Actuaries

Work Experience

EFI Actuaries, New York, NY
May 2003 – Present

• Served as lead consultant for various clients, including the District of Columbia Retirement Board and the Town of Greenwich, Conn. In addition to managing annual pension and post-retirement valuation work, special projects included costing various benefit enhancement options, costing DROP plans, funding projections, and evaluating legislative proposals.
• Performed all aspects of pension and post-retirement funding valuation work for various clients, including programming valuation systems, reviewing results, preparing/reviewing/signing reports and presenting valuation results to the client.
• Developed software to analyze a new method of funding post-retirement medical benefits under a defined-equity approach (patent pending).
• Performed independent parallel valuations and audits for the CalPERS JRSI&II, LRS and VFLSAS June 30, 2002 actuarial valuations.

Bolton Partners, Baltimore, MD
February 2002 – May 2003

• Performed all aspects of pension funding valuation work for various clients.
• Co-authored comments to the Treasury Department regarding recent proposed Cash Balance regulations.
• Acted as technical assistant preparing research paper (in press) on DROP plans for the Society of Actuaries.
• Developed and presented funding projection software for the Trustees of the Anne Arundel County Retirement System.
• Served as lead consultant for various fire department unions. Projects included costing various benefit enhancement options and evaluating disability provisions.
• Performed classified work for the PBGC Corporate Finance and Negotiations Division, estimating unfunded benefit liabilities for large underfunded corporate pension plans.
• Performed special projects involving plan benefit redesign, cost analysis of early retirement options, cash flow analysis, funding/accounting projections, cash balance conversions, DROP plans, and COLAs.

Buck Consultants, Washington D.C. & Baltimore, MD
August 1998 – January 2002

• Designed and implemented a stand-alone Visual Basic application to administer all aspects of a corporate retirement plan, including data management, benefit calculations, and benefit payment processing.
• Performed actuarial valuation process from data reconciliation/analysis to valuation results for qualified plans in the private sector and government entities.
• Produced funding results required under IRS regulations, accounting information for FAS 35, and FAS 87 expense/disclosure.

Computer Skills

• Experience programming in Visual Basic, VBA, LISP, C, C++, Foxpro, Java, HTML.
• Extensive working knowledge of Microsoft Office, Lotus 1-2-3, V&A, Proval and Buck’s proprietary actuarial software.

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