Michael Porcelli is a director in PwC’s life actuarial services practice. He has 24 years experience as a life actuary spanning global banks, life insurance companies, reinsurers and consulting firms. At PwC, Porcelli’s main focus is risk and capital management and insurance capital market transactions. He joined PwC after serving as the head of model governance at a major multiline insurance company. In that role, he was responsible for the authorship and maintenance of model risk management policies and procedures. He owned the annual model validation project plan and saw to its timely execution. He has 10 years of experience in global banks where he executed various transactions, including the first AXXX redundant reserve financing, the first combined XXX/AXXX transaction and the largest ever AXXX long term financing facility. He has also provided asset liability management solutions for life insurers in the U.S.
Porcelli holds a bachelor of arts in mathematics and a master of business administration from Rutgers University. He is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.