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Moody’s Analytics Insights: Best Practices in Pension Risk Management
Partner, Human Capital
Ernst & Young
Adam Berk has 20 years of experience in HR and retirement consulting, including helping companies effectively manage enterprise pension risk, creating market competitive retirement plans, developing phased retirement/workforce planning strategies and advising companies on retirement and broader HR issues in connection with transactions. He has served clients across multiple industries, including energy, entertainment, chemical, financial, defense contracting, governmental, technology and transportation industries.
In addition to serving clients, Adam serves as the E&Y U.S. Benefit Service Leader. In this role he oversees E&Y retirement, benefit and actuarial services provided under the Performance and Rewards Practice across the United States.
Adam frequently speaks at industry and technical conferences, including:
• Energy Workforce Development and Recruiting & Retention Conferences
• Southern Gas Association Human Resources Executive Roundtable
• Offshore Supervisor Workforce Study
• SouthWest Benefits Association
• Conference Board; Research Counsel on Employee Benefits
• Conference Board; Research Counsel of Corporate Treasurers
• International CEBS Society
Adam completed numerous financial management studies for a variety of private and public pension funds with assets ranging from $90 million to $45 billion. Recent studies include developing asset allocation policies, developing hedging strategies, analyzing alternative plan designs and developing funding policies.
Adam provides strategy and actuarial consulting to clients regarding reward design, rate payer reimbursement, workforce management, and overall retirement financial management, including investment, benefit, accounting, funding and regulatory policy.
Adam earned a Bachelor of Arts degree with honors in Mathematics from the University of Texas. He is an Associate of the Society of Actuaries (ASA), and Enrolled Actuary (EA), a Chartered Financial Analyst (CFA), a Member of the American Academy of Actuaries (MAAA), and a member of the Association of Investment Management and Research (AIMR).
Manager, Advisory Services
Ernst & Young
Jennifer Haid is a Manager in the Insurance and Actuarial Advisory Services practice of Ernst & Young LLP’s Financial Services Office. She is based in the firm’s New York office. Jennifer has 5 years of experience with Ernst & Young serving insurance and corporate clients.
Before joining Ernst & Young, Jennifer spent 4 years in the human capital strategy practice of a global professional services firm. Her work experience there focused on the financial and regulatory management of defined benefit pension schemes, including the optimization of trust fund asset management in a liability driven investment framework.
At Ernst & Young Jennifer has continued to focus on global pension derisking strategies from the perspective of both insurance and corporate clients. She is a regular speaker at industry events and is a co-author of the paper Living to 100: Insight on the Challenges and Opportunities of Longevity which was commissioned by the Society of Actuaries’ Committee on Life Insurance Research, the Committee on Knowledge Extension Research, and the Product Development Section.
Jennifer holds a Bachelor of Mathematics, Honors Actuarial Science (with distinction) from the University of Waterloo in Canada. She is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and a CFA charterholder.
Senior Vice President | Global Product and Market Solutions – Pension and Structured Solutions
In his current role, Rohit is charged with assessing the corporate finance implications of pension risk management to cultivate a consistent recognition of pension de-risking solutions. Partnering with Prudential’s distribution team in the service of its clients, Rohit focuses on promoting an understanding of pension risk issues among credit and equity analysts, treasurers, chief financial officers and investment bankers. He also leads a team developing original research and related marketing for pension de-risking strategies.
Before joining Prudential, Rohit was an executive director, Capital Structure and Strategy for UBS Investment Bank. There he advised clients in multiple industries, focusing specifically on corporate finance, risk advisory and pension issues. Prior to that, Rohit was with Moody’s Investors Service, where he published research on accounting and pension issues and worked with credit analysts to incorporate those risks more systematically into company ratings. He also co-authored Moody’s methodologies on assessing risk of multi-employer pensions and other post retirement healthcare obligations.
Vice President/Senior Accounting Analyst
Moody's Investors Service
Wesley is Vice President/Senior Accounting Analyst in the Accounting Specialists Group at Moody’s Investors Service. The accounting specialists work alongside rating analysts in helping them to assess the credit risk of issuers. The accounting specialists also perform assessments of the quality of issuers’ financial reporting and publish research on current developments in financial accounting and reporting.
Wesley joined Moody’s in 2004 from PricewaterhouseCoopers LLP where he was a senior manager in the New York utility practice. There he was responsible for managing the audits and special projects of clients in the energy industry.
Wesley is a member of the Institute of Chartered Accountants in Ireland and the AICPA
David is an experienced pension actuary and product specialist at Moody's Analytics, responsible for aligning MA's suite of pension risk models with emerging business requirements. His recent work includes determining the impact of various de-risking strategies on "grid implies" credit ratings.