SOA Exam MFE / CAS 3F Prep Program

The SOA (Society of Actuaries) Exam MFE/ CAS Exam 3F Preparation Course is now available through UCF Test Prep. This review course is 21 contact hours (3days) in length and is designed to cover all pertinent material for the SOA Exam MFE/CAS Exam 3F. The ACTEX Exam MFE Study Manual is not required for this course, but may be useful.

Course Content and Structure - 3-day seminar:
The general style of the course will be to review a formula or theory, do related problems, and then to move on to the next theme.  The ordering of the material will be as in McDonald’s Derivative Markets with any additional notes from the SOA included at the appropriate points.  The assumption will be that participants have a basic familiarity with the material, though perhaps not mastery, and that minimal lecture augmented by problem solving will cement concepts while preparing directly for the exam.  Materials provided at the seminar, but bring your text and other notes as desired.

About the Instructor:

Matt Modisett, Ph.D., A.S.A, (mmodiset@mail.ucf.edu) had an 18-year industry career working for GNA, Aegon, The Hartford and Milliman, holding such positions as Asset-Liability Manager, Chief Investment Officer and consulting actuary.  He has performed analytics for derivative support (“mid-office”), has traded derivatives and performed economic scenario testing.  He now is an assistant professor of actuarial science at the University of Central Florida’s Department of Statistics and Actuarial Science, where he teaches graduate and undergraduate courses in derivative markets (from the same text as MFE) and related areas. 

Dr. Modisett received his Ph.D. in Mathematics from the University of Arizona in 1988, and became an Associate of the Society of Actuaries in January 1990.  He has experience teaching mathematics, finance, exam FM and Exam MFE.  Professor Modisett has published several papers or book chapters on asset liability management and investments.  He has co-authored the current study note for the fellowship Financial Economics Theory exam from ACTEX, and is currently working on revising their Advanced Portfolio Management study note.

Textbook Information:

See the SOA’s website for the most recent syllabus for MFE.  The text will be as below.  Course participants are STRONGLY encouraged to download all addendums, errata and remarks available from the SOA.  These will be in the prep course, but also indicate areas of potential confusion and clarification that likely impact potential exam problems.

McDonald, Robert L., Derivatives Markets (Second Edition),
Addison Wesley, 2006. 
Chapters 9-14, 18-20, 24.