2016 Statistics and Actuarial Science Outstanding Alumni



2016 Actuarial Science Outstanding Alumnus: Paul Schultz

Chief Actuary, Blue Cross/Blue Shield of Vermont (BCBSVT)

A 1996 graduate with distinction of Purdue University's Actuarial Science program, Paul Schultz became a Member of the American Academy of Actuaries in 2000 and attained his Fellowship of the Society of Actuaries in 2001.  Paul is currently chief Actuary for Blue Cross/Blue Shield of Vermont (BCBSVT), a non-profit health insurance company doing business in the nation's second-smallest state. As Chief Actuary, Paul is responsible for oversight of the actuarial and underwriting functions.  He and his team of two credentialed actuaries and four actuarial students develop pricing, filings, forecasts, and reserves for all BCBSVT products, including Qualified Health Plans, large group and Medicare Supplement programs.  As lead actuary for rate filings, Paul manages relationships with reviewing actuaries and gives testimony at related hearings before the State review board.  He serves on internal committees that develop the strategic growth, product, delivery system transformation, and enterprise risk management strategies for the company.  

Paul is the recipient of the 2016 Purdue University Department of Actuarial Science Outstanding Alumni Award.

2016 Statistics Outstanding Alumnus: Carol Jobusch

Special Assistant & Financial Analyst, Washington-area Network Operations, Central Intelligence Agency

Carol de Branges received M.S. degree in Statistics from Purdue University in 1977.  While a graduate student, under the direction of Professors Virgil Anderson and George McCabe, Carol developed a statistical regression model of faculty salaries that was one of the first in the nation to satisfy EEO regulations for affirmative action equity, avoiding a threat to withhold federal contract funding to Purdue.

She worked for Purdue's Laboratory for Applications of Remote Sensing from 1978 to 1981, providing statistical and computer support for agricultural research projects, including assessment of schemes for estimating Russian crop production by combining acreage estimates from satellite data with yield estimates from meteorologically based statistical regression models.  Other projects included simulation of the proposed LANDSAT Thematic Mapper satellite sensor system.  She also taught SPSS and SAS short courses at LARS.

In 1981 Carol moved to the SAS Institute as Senior Technical Consultant.  In 1983 she became Chief of System and Quality Assurance Testing for all new SAS product releases.

In 1985 Carol joined the Central Intelligence Agency, where she continued to innovate, creating a SAS performance trend database to identify computer performance issues and predict future capacity needs.  Carol became the manager of the IBM SHARE User Group Project on Performance and Capacity Planning, that wrote a "VM Measurement Facility White Paper", which caused IBM to advance its schedule for providing performance monitoring data in its new VM/XA operating system.

With the shift away from mainframes at the CIA, Carol took a key role in 1991 to introduce TCP/IP networks protocols on agency networks.  In 1997 Carol joined the Agency Year 2000 planning team, with a major role in writing the Agency Y2K contingency plan.  Until her retirement at the end of 2006, she was the Special Assistant and Financial Analyst for the Chief of Washington-area Network Operations.

Carol sang with the Bach Chorale Singers from 1970 to 1981.  Her marriage to Peter Lommel Jobusch in 1979 was celebrated with a wedding concert at Central Presbyterian Church.  Peter and Carol combined their love of music and travel as photographers for Misikanten, a Washington-area choral group that tours extensively in Europe, most recently to Germany and Poland in September 2016.