Candidate for Member-Selected Director
Candidate for Member-Selected Director
Term Ending in 2029
Practice Area: Life
Employer: Neuberger
City, State: New York, N.Y.
Credentials: MAAA, FSA, CFA
Stephen Smith joined Neuberger in 2016 and is CIO of Insurance Investments, responsible for advising, structuring, and managing insurance portfolios across asset classes. In addition to portfolio management, Smith oversees strategic and quantitative analysis for institutional clients, especially strategic asset allocation, capital management, and asset-liability management.
Smith is closely involved with U.S. insurance regulatory developments. He chairs the Academy’s Life Investment and Capital Adequacy Committee and the committee’s C-1 Subcommittee. He has performed regular outreach to the NAIC on these issues, including through a presentation on Collateralized Loan Obligations (CLO) C-1 factors modeling in March 2026, and has widely engaged with the news media in promoting the Academy’s life-practice work. Previously, Smith held positions as an insurance strategist at Goldman Sachs and as an actuary at MassMutual. Steve graduated Phi Beta Kappa in Mathematics and Statistics from the University of South Carolina.
The Academy’s mission is to serve the public and the U.S. actuarial profession. How will your service on the Board allow you to further the Academy’s mission of public policy and professionalism?
I’ve been volunteering at the Academy for about a decade and am proud to have played a part in advancing the Academy’s mission and upholding its core values. At its best, the Academy is a trusted advisor to policymakers. When policymakers know they can rely on the expertise and professionalism of Academy volunteers, they are well equipped to maintain the solvency and stability of the financial security systems in the United States. As a Board member, I will focus on ensuring that the Academy continues to deliver on its promise of expertise and professionalism.
| COMMITTEE POSITION | COMMITTEE NAME | START DATE | END DATE |
| Chairperson | Life Investment and Capital Adequacy Committee | 1/30/2025 | |
| Chairperson | C1 Subcommittee | 8/18/2021 | |
| Member | Cross-Practice RBC Task Force | 7/30/2025 | |
| Member | C3 Subcommittee | 12/5/2024 | |
| Member | Life Practice Council | 5/26/2023 | |
| Member | Asset Modeling and Reporting Task Force | 2/9/2022 | 7/6/2023 |
| Member | Life Investment and Capital Adequacy Committee | 8/18/2021 | 1/30/2025 |
| Member | C1 Subcommittee | 2/15/2017 | 8/18/2021 |