David Revtai FSA, FCA, MAAA, EA
Pittsburgh,PA
Summary
Consulting actuary with over 13 years of experience at PRM Consulting Group, specializing in plan design, employee benefits benchmarking, actuarial valuations, and financial projection analysis. Holds a Bachelor of Science degree in Actuarial Science from the Smeal College of Business at The Pennsylvania State University, complemented by a strong foundation established through successful summer internships. Expertise in actuarial science is supported by strong analytical skills, statistical knowledge, and proficiency in risk assessment and financial modeling. Recognized as a collaborative team player who adapts to changing needs while consistently delivering impactful results and contributing to strategic decision-making for organizational success.
Overview
1
1
Certification
14
14
years of professional experience
Work History
Consulting Actuary
PRM Consulting Group
Rockville, MD
05.2013 - 05.2026
- Plan Terminations and Management – Successfully managed the termination process for multiple defined benefit plans, ensuring compliance with ERISA and PBGC regulations. Prepared and filed required forms, including PBGC Forms 500 and 501. Expertly handled Notice of Intent to Terminated (NOIT) and Notice of Plan Benefits (NOPB) along with the brokerage transaction related to replacing annuities for participants.
- PBGC Premium Management – Managed annual PBGC premium filings, including the calculation of flat-rate and variable-rate premiums. Implemented processes to ensure timely payments and coordinated contributions for lower premiums.
- Participant Services – Provided support to plan participants, including benefit estimates, retirement counseling, and resolving complex benefit issues. Maintained high levels of participant satisfaction with clear communication of complicated forms of benefits and lifetime retirement planning.
- Actuarial Support – Collaborated with actuaries to prepare annual valuations and funding schedules. Analyzed actuarial reports to identify and address potential plan funding issues. Supported internal and external audits of defined benefit plans. Prepared necessary documentation and responded to audit inquiries to ensure successful audit outcomes.
- Benefit Calculations – Performed complex actuarial calculations for determining plan liabilities, individual participant benefits and funding requirements. Provided detailed reported so support simplified client decision-making. Ensured all client plans adhered to ERISA and IRS regulations. Prepared and submitted Form 5500 and related schedules, including Schedules SB, C, H, I and R.
- Expert Witness Support
- Mr. Revtai has been involved and expertly relied upon in numerous expert witness cases including actuarial topics such as: liability valuations, benefit calculations, economic damages, healthcare cost projections and discount rates selections. Peer review and drafting of expert reports were integral in providing the specialized knowledge necessary.
- Bargaining Support
- Mr. Revtai played a crucial role in benchmarking benefits across a wide array of competitors. For both labor negotiations and internal analysis, an aggregated benchmarking tool was created to provide guidance on overall benefits for labor groups and employees. The majority of costs associated with the benchmarking projections and analysis included retiree benefits for both defined benefit plans and defined contributions plans as well as costs projections for retiree medical care, life insurance, dental and vision services.
- Presented complex findings to stakeholders, facilitating informed strategic decisions.
- Conducted thorough reviews of actuarial assumptions, ensuring accuracy and reliability.
- Mentored junior actuaries in model development and regulatory compliance.
- Analyzed large datasets to identify trends and inform leadership of potential issues.
- Prepared presentations and reports outlining findings and recommendations.
- Developed and maintained financial analyses, reports and calculations.
- Streamlined data analysis processes, improving the accuracy of reserving calculations and financial reporting.
- Mentored junior actuaries by providing guidance on best practices in modeling techniques, fostering professional growth within the team.
Intern
Driscoll Insurance
Bethel Park, PA
05.2012 - 08.2012
- Assisted in processing insurance claims, ensuring accuracy and compliance with company policies.
- Supported team in gathering client information to facilitate timely policy updates and renewals.
- Conducted research on industry trends to assist in developing competitive insurance products.
Education
Bachelor of Science - Actuarial Science
The Pennsylvania State University
State College, PA01-2012
Skills
- Reporting skills
- Enterprise risk management
- Risk management
- Pricing strategy
- Expertise in Excel and ProVal
- Data interpretation
- Financial forecasting
- Predictive modeling
- Actuarial mathematics
- Asset liability management
Certification
FSA, FCA, MAAA, EA
Proposal specific paragraphs
- City of Bowie-2019
- David Revtai is an intermediate actuary who will provide support to Mr. Reese. David has provided an array of actuarial consulting services on governmental and private health care plans along with financial forecasting for over 5 years. David recently managed the database of health benefit plan information for a PRM study of Pennsylvania School District and State of Alaska health benefits preparing the actuarial value for health plans using PRM’s health actuarial model.
- Carroll County Public Schools-2019
- David Revtai is an intermediate actuary who will provide support to Mr. Reese. David has provided an array of actuarial consulting services on public and private actuarial valuations for over 5 years. David has experience with clients from 2013 through 2019 valuing retiree health benefits for large, intermediate, and small plans. With the number of participants in large plans being in the hundreds of thousands range, intermediate plans being in the several thousand range, and small plans being under 500 range.
- Thompson Hine -2024
Timeline
Consulting Actuary
PRM Consulting Group
05.2013 - 05.2026
Intern
Driscoll Insurance
05.2012 - 08.2012
Bachelor of Science - Actuarial Science
The Pennsylvania State University