Thursday, December 11, 2014

75th William Lowell Putnam Mathematical Competition

Saturday, December 6, 2014, Grace McCourt, Scott Glorioso, Paul Pernici and Alex Lillich participated in the 75th William Lowell Putnam Mathematical Competition. The participants of the William Lowell Putnam Mathematical Competition work on 6 problems from 10 a.m. - 1 p.m. and then 6 additional problems from 3 p.m. - 6 p.m. Typically, 50% of the participants who enter this competition nationwide, and in Canada, receive 0 points on it. Based on conversations with the AU participants a couple will receive a non-zero score this year, having solved problem B1, the first problem for the afternoon session. All AU participants gleaned insights on at least one of the problems, therefore, maybe even more will receive a non-zero score. Good job AU participants!

Tuesday, December 2, 2014

Fall Study Break set for December 4 and 5

Math and Computer Science Students you are Cordially invited!


Congratulations December Graduates




Congratulations to all December Graduates. The Math and Computer Science Department has two graduates graduating. Congratulations to Junjun Huang and Christopher Yocum. Both are Computer Science majors.

ACM Competition

AU Tuffy Team
The ACM Competition was held on Saturday, November 8, 2014. There were 150 teams at the competition. The problems were really tough this year. Only 30 or so teams were able to solve at least one problem. Ashland University took three teams.

AU Tuffy Team consisted of Joe Hemerly, Cameron Goodson and Ben Bushong.
AU Purple Team consisted of Zack Brown, Alex Gregory and Nazumul Rabbi.
AU Gold Team consisted of Rupesh Marharjan, Chris Yocum and Brady Douglas.

The students enjoyed the experience and found the opportunity highly beneficial in applying what they have learned in the classroom to real world applications.
AU Purple Team
AU Gold Team

Tuesday, September 23, 2014

Moseman's Internship at Union Home Mortgage

Joel Moseman completed an internship at Union Home Mortgage in the secondary marketing department. The secondary marketing department is the department where loans were originated and processed and then sold to other entities such as Ginnie Mae or Fannie Mae.

Although the internship was not an actuarial position, it was loosely related. Moseman updated loan information and sometimes loan pricing, based on changed characteristics of the loan or the applicant. Risk characteristics such as the borrower's FICO score and down payment amount affect pricing. Moseman also learned about how interest rate risk was managed.

Moseman Passes the FM Exam

Moseman Passes FM Exam
Joel Moseman (12') has passed the Society of Actuaries' Financial Mathematics Exam (FM Exam). The exam tests the candidate's knowledge of  annuities, bond valuation, immunization, time-value of money, derivative uses and strategy.

The test requires hundreds of hours of study, the recommended being 300 hours. Moseman took Ashland University's Financial Mathematics course to help prepare for the FM Exam.

Congratulations, Joel, and Good Luck!

For more information about the Actuarial Science Program, Contact Dr. Christopher Swanson, at cswanson@ashland.edu or visit the website www.beanactuary.com.

Wednesday, September 17, 2014

Tresch's Internship at Findley-Davies

Garrett Tresch
Garrett Tresch completed an internship at Findley-Davies this summer. Findley-Davies is a firm that consults with the human resource department of other corporations. Findley-Davies has a wide variety of sectors that specialize in a different aspect of this often wide field, which includes an actuarial group in downtown Cleveland.

As an intern, Tresch discovered that the key to his position would be "variety." In addition to internship duties of scanning information and government filings, he also, created excel spreadsheets for companies pension plans, calculated actuarial equivalent forms of payment, updated databases to include changes in employee information, created excel charts and adjusted inputs that indicated a current law change dealing with interest rates. Tresch said, "The greatest way of defining what I did into a single sentence would be, 'I assisted the actuaries in the mathematical and technological work involved in the consulting of human resources.'"

Tresch accredits his higher end financial math, probability, and technology courses for his ability to understand and adjust to the many complicated tasks that were expected of him by Findley-Davies. He also accredits Ashland University's fantastic collection of professionals, that he said, "I could not have had such an enlightening experience without." He would like to give special thanks to Dr. Chris Swanson and Dr. Maduka Rupasinghe, as well as, the Career Service Department for their advice and coaching.