Michele Sparks

Actuarial professional with over 20 years of experience in the property and casualty insurance industry. She spent 17 years providing actuarial consulting and support within Ernst & Young’s Insurance and Actuarial Advisory Services Practice with extensive experience in property and casualty engagements.

Education
Northwestern University B.S. Mathematics, Concentration in Chemistry, May 1987

Actuarial Consulting Positions

Paradigm Actuaries
(Chicago, IL): Co-Founder, 2005-Present

  • Managed reserve analyses for national and regional multi-line insurers in support of actuarial statements of opinions, audit engagements and regulatory engagements

  • Performed cash flow and valuation analyses for insurance company mergers and acquisitions

  • Completed feasibility and funding studies for captive insurance companies and self-insured entities

  • Compiled financial projections and modeling for business decision support engagements

  • Managed actuarial support of regulatory risk-focused exams for property/casualty entities

Ernst & Young
(Chicago, Illinois): Actuarial Manager, 1988-2005

  • Executed Ernst & Young’s initiatives related to Dynamic Financial Analysis

  • Directed software requirement definitions and product development; assisted in the development and presentation of product marketing information

  • Supervised the design and construction of actuarial databases

  • Provided actuarial support for reinsurance commutation analyses

  • Developed and performed training programs for internal and external users

  • Directed product implementation at several client sites.

  • Performed DCAT analyses for several Canadian insurance companies

Other Board and Advisory Positions

Women’s Athletics Club
Director 2011- 2017 / Treasurer 2016-17

Friends of Northside College Prep
Treasurer 2015-19

Chicago Common
Director 2000 -10

Other work

CNA Insurance (Chicago, IL): 1987-1988