Spring 2024 Office Hours
Wednesday and Thursday 1:30 p.m. - 2:30 p.m.; or by appointment.
Heather Clemens received her bachelor of science in business administration with a major in actuarial science from the University of Nebraska–Lincoln. She comes to CoB with over 18 years experience in the field and has a master of arts in leadership from Bellevue University.
She has been a consulting actuary for Compass Health Analytics, Inc., in Portland, Maine, since 2011 where she assisted nonprofit managed care organizations with claim liability analysis, rate development, budget development and financial monitoring. Prior to that she was an associate actuary at WellPoint, Inc., in South Portland, Maine, where she served as the Maine valuation lead responsible for monthly valuation and forecasting of incurred claims and other liabilities.
Graduate Courses
Actuarial Applications in Practice (ACTS 875) - Principles and practices of pricing and/or funding and valuation for life, health, property and liability insurance, and annuities and pension plans. Commercially available actuarial modeling software.
Interest Theory (ACTS 840) - Application of financial mathematics to problems involving valuation of financial transactions; equivalent measures of interest; rate of return on a fund; discounting or accumulating a sequence of payments with interest; and yield rates, length of investment, amounts of investment contributions or amounts of investment returns for various types of financial transactions; loans and bonds. Introduction to the mathematics of modern financial analysis. Calculations involving yield curves, spot rates, forward rates, duration, convexity, and immunization.
Introduction to Property/Casualty Actuarial Science (ACTS 874) - Mathematical, financial, and risk-theoretical foundations of casualty actuarial science. Risk theory, loss reserving, ratemaking, risk classification, credibility theory, reinsurance, financial pricing of insurance, and other special issues and applications.
Life and Health Insurance (FINA 812) - The economic functions of life insurance. The human-life value concept and the basic forms of life insurance and annuities used in insuring life values. Life insurance pricing, functional company operations, legal aspects, and contractual provision. Health and other specialized forms of human-life value insurance.
Undergraduate Courses
Actuarial Applications in Practice (ACTS 475) - Principles and practices of pricing and/or funding and valuation for life, health, property and liability insurance, and annuities and pension plans. Commercially available actuarial modeling software.
Interest Theory (ACTS 440) - Application of financial mathematics to problems involving valuation of financial transactions; equivalent measures of interest; rate of return on a fund; discounting or accumulating a sequence of payments with interest; and yield rates, length of investment, amounts of investment contributions or amounts of investment returns for various types of financial transactions; loans and bonds. Introduction to the mathematics of modern financial analysis. Calculations involving yield curves, spot rates, forward rates, duration, convexity, and immunization.
Introduction to Property/Casualty Actuarial Science (ACTS 474) - Mathematical, financial, and risk-theoretical foundations of casualty actuarial science. Risk theory, loss reserving, ratemaking, risk classification, credibility theory, reinsurance, financial pricing of insurance, and other special issues and applications.
Life and Health Insurance (FINA 412) - The economic functions of life insurance. The human-life value concept and the basic forms of life insurance and annuities used in insuring life values. Life insurance pricing, functional company operations, legal aspects, and contractual provision. Health and other specialized forms of human-life value insurance.
Teaching Interests