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THE JAM SANDWICH Professionalism Case Study Nauman Cheema PSOA Conference on December 26, 2012.

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Presentation on theme: "THE JAM SANDWICH Professionalism Case Study Nauman Cheema PSOA Conference on December 26, 2012."— Presentation transcript:

1 THE JAM SANDWICH Professionalism Case Study Nauman Cheema PSOA Conference on December 26, 2012

2 This case study has been designed by the Management & Personal Development Section (MPD) of the Society of Actuaries. The case study is published by MPD as part of “Actuarial Ethicist” series in their quarterly newsletter, “The Stepping Stone.” Pakistan Society of Actuaries (PSoA) would like to acknowledge the MPD Section for allowing the use of these case studies for this session. Acknowledgment

3 The Jam Sandwich: Summary Rick the FSA was promoted and hired Charlie the FSA from another organization to be his successor and direct report. Charlie had some prior experience managing interns, and now had responsibility for the three actuarial students who used to report to Rick—including Lily the ASA, who had been in the unit the longest. By degrees over his first six months, the quality of Lily’s work began to give Charlie cause for concern—yet Rick never had time to talk about it. Rick asked Charlie to make a presentation, and Charlie delegated some of the product analysis to Lily. Though this assignment fit naturally with her job responsibilities, Lily struggled. During one working session, Lily told Charlie appreciatively, “I’m glad you caught those errors!” With time running out, Charlie took the best version of their work and proceeded to make his presentation. Then disaster struck for Charlie: Rick’s peers noticed errors in Charlie’s product summaries; and Rick made his displeasure known to Charlie during the meeting. Charlie accepted responsibility and did not attempt to shift the blame to Lily. After the meeting, Charlie tried to apologize to Rick and discuss Lily’s performance to no avail. Rick said that it was Charlie’s responsibility to ensure that his unit’s work was 100 percent accurate. Rick concluded by asking, “Don’t you know how to manage your staff?” What should Charlie do?

4 Pakistan Society of Actuaries What are the main issues here?

5 Pakistan Society of Actuaries Which Precepts of the SoA Code of Conduct apply to this situation?

6 What should Charlie Do? Pakistan Society of Actuaries

7 Group Discussion 15-20 Minutes

8 Pakistan Society of Actuaries Responses received by TSS

9 Qualification Standards PRECEPT 2. An Actuary shall perform Actuarial Services only when the Actuary is qualified to do so on the basis of basic and continuing education and experience and only when the Actuary satisfies applicable qualification standards.

10 Communications and Disclosure PRECEPT 4. An Actuary who issues an Actuarial Communication shall take appropriate steps to ensure that the Actuarial Communication is clear and appropriate to the circumstances and its intended audience and satisfies applicable standards of practice.

11 Courtesy and Cooperation PRECEPT 10. An Actuary shall perform Actuarial Services with courtesy and professional respect and shall cooperate with others in the Principal’s interest

12 Falling Down on the Job # 1. “If Lily was unqualified to pull the information, then she should have found other resources that could help. Charlie has a similar issue. As Lily’s manager, he was presenting her work and needed to ensure that it is prepared with skill and care. If Lily couldn’t do it—he caught some of her errors—and if he didn’t have the history with the company to catch all of the errors, then he should have sought out another resource to aid in the work.”

13 Professional Courtesy # 2. “Rick sounds like he has the people-skills of a gnat. He owes Charlie an apology for embarrassing him in front of their colleagues which was totally uncalled for and unprofessional.”

14 Picking up the pieces # 3. “Charlie should seek no further input from Rick since he is no longer in a position to help and—even as a friend—has no interest in helping for whatever reason. Charlie should resolve this issue and effect constructive changes through other avenues such as: speaking with/seeking input from other managers that manage groups like Charlie’s; and his direct reports, including Lily.”

15 Managing Down # 4. Often times you have students that are too afraid/embarrassed to speak up if they are stuck. Team meetings help to build rapport with the others so that team members will not be embarrassed to seek help from their peers/project manager.”

16 Managing Up # 5. Charlie should start taking action to mitigate the downside if he is the one that is fired, and be proactive so that he has the option to quit before he harms his reputation or his health trying to please a boss who likely will never be pleased.”

17 More than Meets the Eye? # 6. “Rick should have also shared any work issues that Lily has with Charlie. Rick was her previous manager and knows very well what she can or cannot do … Does Rick have some sort of favoritism toward Lily? Is he aware of her shortcomings but has ‘blinders on’?”

18 Thank you ! Thank you !

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