• Conducted research
funded by grants from the
Fulbright Program (in 1995, 2003 and 2004), International Research and Exchanges Board,
Society of Actuaries,
Casualty Actuarial Society,
Actuarial Foundation, Primco
Capital Management,
United States Agency for International Development,
Inter-American Development Bank,
Bell South Foundation, NATO Advanced Study Institute,
Kosciuszko Foundation, and Southern Regional Education Board. Member of the Illinois State University team that received National Science
Foundation teaching grant Computer Science, Engineering and Mathematics
Scholars. Every year since 2000, prepared a request for funding
from a grant supporting Illinois State
University
Actuarial
Program from
State Farm Companies Foundation, as a part of a funding package from
State Farm Companies Foundation for Illinois
State University.
• Authored six research monographs (published by the American Mathematical Society, Elsevier, the Society of Actuaries, and Wydawnictwa Naukowo-Techniczne) and numerous papers in leading
journals in mathematics,
economics, and actuarial
science. Also authored five volumes of poetry, and numerous poetry publications in various magazines.
Winner of the 2005 Journal of Risk and Insurance Robert I. Mehr Award for the paper that best stood the test of time, the 2003 Western Risk and Insurance Association Donald
Hardigree Memorial Outstanding Paper Award, and of the Kentucky
Economic Association Best Research Paper award in 1999.
• Associate Editor of the
Journal of Insurance Issues.
Referee for Journal of Risk and Insurance, North American
Actuarial
Journal, Journal of Economics, European Journal of Operations Research,
Fuzzy Sets and Systems. Member of the Society of Actuaries Finance Advisory Group. Member of teams that created online study modules for Fundamentals of Actuarial Practice, and Investment Strategy, in the advanced professional actuarial education structure created by the Society of Actuaries. Past member of Joint Casualty Actuarial Society and Society of Actuaries Career Encouragement Committee (2002-2005), as well as the
Society of Actuaries Education and Research Council (2001-2004), Social Security Committee
of the Society of Actuaries (1996-1998) and the Social Insurance Committee of the
American Academy of Actuaries (1996-1998). Co-creator and signatory of the Actuarial Standard of
Practice
No. 32, concerning social insurance. Member of the Advisory Committee
of
the Cato Institute
Social Security Choice project (wrote Cato's position
paper on the "Maintain Benefits" proposal
to reform Social Security submitted by a plurality of the Advisory
Council).
• Frequent and popular public speaker, with a history of
television and
radio appearances, and invited presentations at the meetings
of the Society of Actuaries,
the Casualty
Actuarial Society, the Cato Institute, and the Ludwig von Mises Institute.
Information on speaking engagements is posted at
http://www.math.ilstu.edu/krzysio/speak.html. Invited researcher/lecturer at many universities, including University of Ulm (Germany), Anahuac University (Mexico), University of Sao Paulo (Brazil), Chulalongkorn University (Thailand), Universite Catholique de
Louivain (Belgium),
and Technical University of Lodz (Poland).
Faculty member at the Summer Actuarial School in Warsaw, Poland, 1993-2003. Worked on the
organizing committees of numerous
Society of Actuaries meetings.
•
Actuarial Program Director at Illinois State University since August 2000 (and tenured faculty member). Member of the graduate
faculty. Developed the program substantially, nearly doubled external
funding, more than doubled the number of students, greatly increased
number of actuarial
examinations successes. Obtained status as an Advanced
Undergraduate/Graduate Education and Research as recognized by the Society of Actuaries and the Casualty Actuarial Society. Supported minority students in obtaining scholarships from the
Society of Actuaries-Casualty
Actuarial Society. Supervisor of several Master
theses in actuarial science.
Received the
College of Arts and Sciences Oustanding Service Award in the
academic year
2003-2004 at Illinois State University, mostly for the work on the Actuarial
Program. Also had substantial success as the Actuarial Program
Director at the University of Louisville in the period 1990-2000.
• Classes taught at Illinois
State University:
Applications of Actuarial Principles, Mathematical
Models in Finance and Investments,
Actuarial
Models I, Theory of Interest, Actuarial Models II.
Selected courses taught at the
University of Louisville: Actuarial Mathematics, Risk Theory, Theory of Interest, Pension
Valuation, Probability, Mathematical Statistics, Statistical Data
Analysis, Probability Models, Calculus, Business Calculus, Precalculus,
Linear Algebra, Real Analysis, Digital Signal Processing, Differential
Equations, Dynamical Systems. Courses taught at the John M. Olin School of Business of Washington University: Investments, Investment Theory, Data Analysis for Investments. Classes
taught at he Summer Actuarial School in Poland (in English): Valuation
of Life Insurance and Annuity Liabilities, Valuation of Pension
Liabilities, Asset/Liability Management, Derivative Securities. Also
taught a class on Asset/Liability Management (in English) at the University of Ulm in the Summer of
2000.
• Instructor for the New England Actuarial Seminars, taught the material on the Society of Actuaries examinations 3, 4, 6, and 8 (Retirement Benefits) and Casualty Actuarial Society examination 8. Instructor for the Society of Actuaries Course 7 Applied Modeling seminar. Past instructor for the Actex Asset-Liability Management seminar and the Study Seminar for Financial Analysts at the University of Windsor.
• Provided quantitative, statistical, and educational consulting
services since 1991. Clients included
Hilliard-Lyons, Brown-Forman,
Invesco,
Primco
Capital Management, Ministry of
Labor of the Republic of Poland, and others.
• Member of the Board of the Louisville
Society of Financial Analysts and Treasurer 1997-1999.
• Registered Investment Adviser 1996-1998. Successfully managed
$3 million combined portfolio for individual clients.
• Member of the Investment Committee of the Ursuline Campus
Schools
in Louisville (pro bono), 1996-1998.
• Performed regulatory cash flow testing and strategic profit
testing
at Providian Capital Management
(now a part of
Aegon USA) for 1993 and 1994. This involved constructing long-term
models
for the whole company and analysis of the their evolution under varying
economic scenarios. Upgraded the previously existing models of assets
and
liabilities, and added new ones for mortgage derivative securities
(Collateralized
Mortgage Obligations and others), Small Business Administration pools,
Non-Durational Asset Strategies (various derivative investments),
reverse mortgages, stocks, preferred stocks, high yield bonds, swaps
and other hedges, TRAC Guaranteed Investment Contracts (indexed to
S&P 500 or Shearson Lehman Bonds Index), and Trust Guaranteed
Investment Contracts (synthetic GIC).
• Cooperated in the study of duration, convexity, embedded
options
value, and overall market value for the existing block of retail
annuity
and life insurance at Providian Capital Management.
• Created a
theoretical framework for testing and benchmarking of Providian's Alternative Investment
Strategies (derivative instruments),
and then implemented the tests for regular use.
• Created a plan for the interest rates modeling analytics and
long-term economic analysis of the company for the PASS computer system
under development at Hartford
Life
Insurance Companies.
• Regular contributor to the
Polish Personal Finance Newsletter Sukces
published in New York since 1991.
• Writer of a column "Fall in Love with Capitalism" for Echo
Polish Weekly in Toronto, Canada, in the period 1987-1991.
• Received Professional Development ten-year Certificate of
Achievement
of the CFA Institute
in the year 2000. Completed Professional Development requirements in
years 2001-2007.