Martin Molloy earned a Bachelor of Science in Actuarial Science from The Ohio State University. Post-graduation, he attained the designations of Fellow, Society of Actuaries and Enrolled Actuary. He has been a consulting actuary with Aon for over 20 years and is currently an Associate Partner. Aon is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources and outsourcing services.
His work involves reviewing large financial systems which have unknown future decrements. Actuarial science integrates future demographic experience, plan design, interest rate changes, and investment performance to determine the financial health of these systems, as well as projections of future results. Their Clients depend on their work to help manage and administer their programs. Key areas of concern for his clients are costs, volatility of results, and the impact of the benefit program on employee engagement and retention.
In addition to the actuarial aspect of his work, Martin must take into account the legal, regulatory, and accounting implications for his clients. Actuarial valuations take into consideration some or all of the following entities for which reporting requirements vary: IRS, PBGC, US GAAP accounting, NAIC statutory accounting, or international accounting standards. Martin also assists his clients in maintaining compliance requirements of ERISA and the DOL.
A key aspect of actuarial consulting is the communication of results to our clients. These are complex systems with complex reporting structures, and his clients depend on him to deliver results in a manner they can understand. In addition to his B.S in Actuarial Science, Martin earned a minor in English. The ability to communicate results effectively, both verbally and in writing, has been equally important to his career as the mathematical nature of his work.
Martin has been able to keep in contact with the Actuarial Science students since graduation through the department’s various annual events. The Actuarial Science Club holds a reception for employer which he attends annually. He is also involved with campus recruiting for Aon and gives a presentation on his firm to students annually. He also enjoys seeking at the Math 3588 practicum each spring.
Martin enjoys helping others who are excited to learn more about math. Through the Actuarial Foundation, he has served as the lead mentor for a local elementary school program for gifted students. He has also volunteered to tutor math for Ohio State employees who are working towards their GED.