How does this role benefit the work of the organization and the profession?
Volunteers on a Project Oversight Group help to ensure a quality SOA research product, which results in providing the profession reliable and practical tools/information.
Responsibilities & Duties
Project Oversight Groups (POGs) provide guidance and input to researchers, oversee the progress of the work, and ensure it is in line with the proposal. POG members are expected to review draft materials prior to conference calls and provide input during the calls. It is expected that there will be one-hour conference calls approximately monthly for the duration of the project.
POG members support the annual updates to the SOA/LIMRA VA Guaranteed Benefit Utilization Studies (VAGLBUS). These studies are published in data visualization format (a data dashboard) currently using Tableau software. The POG responsibilities typically include:
• Participate on monthly status calls (time commitment: 1 hour each month)
• Provide input on changes to the annual data call, including the data format for individual contract level data and the product and rider information submitted in an Excel template by participants – once a year in April (time commitment 2-3 hours total)
• Review of the preliminary industry results once the data has been received - on a regular year, the timing for review is expected to occur in the late fall (November) – (time commitment: 1-2 hours typically on a call with the full POG)
• Review and input on the draft version of the updated dashboard – expected to occur in February/March of each year (time commitment: 2-3 hours total)
• Provide input on additional analysis we should be considering, including given changes in the products over time – this is an ongoing function and occurs in the context of the regular monthly calls
Time Commitment
Time Commitment - Description
Most time will be in reviewing materials and participating on conference calls.
Experience Required
- Member, Non-Member or Candidate
Opportunity Location
U.S. Only
Travel Required
None
SOA Training Required
None
Primary Area of Practice
Life
Specializations
Annuities