The Expense Management Committee identifies and addresses policies, programs, practices and current trends related to a broad range of expense issues in the financial services industry. Issues of concern include: budgeting and planning, cost containment, allocations, intercompany charges, improving management information, corporate restructuring and pricing gaps.  Members discuss planning systems surrounding expense management efforts, including the integration of these systems into the corporate financial management framework.  The committee supports expense management-related workshops and surveys as well.

Membership Requirements: Members must have managerial responsibilities for broad expense management within their companies. Preference will be given to individuals who are officers with financial responsibilities that include expense management.

LOMA Staff Liaison: Jim Huffman (770-984-6446), huffmanj@loma.org

The Enterprise Risk Management (ERM) Committee focuses on current trends, strategies and best practices pertinent to the ERM function of insurance companies including, but not limited to, risk assessment, measurement, modeling, management applications, monitoring and oversight.

Membership Requirements: Members should be the Chief Risk Officer or person with significant managerial responsibilities with the company’s ERM program.

LOMA Staff Liaison: Angie Norman (770) 984-6438, norman@loma.org

The Financial Management and Reporting Committee studies and discusses current trends, strategies and practices pertaining to the diverse responsibilities which comprise the Financial Management and Reporting function of financial services companies; including, but not limited to: identification and analysis of and implementation strategies related to emerging accounting issues and developments and best practices in accounting and financial reporting (GAAP, STAT and SEC reporting). The committee also assists in identifying session topics and speakers for the LOMA Financial Inforum (an annual conference). Many Committee members also attend this conference.

Membership Requirements: Members should be a CFO, Controller or have significant managerial responsibilities in financial management and reporting. The Committee is principally comprised of accounting officers supplemented with members having tax, actuarial and investment accounting expertise.

LOMA Staff Liaison: Angie Norman (770) 984-6438, norman@loma.org

The Investment Committee studies and discusses current trends, strategies and practices pertaining to the diverse responsibilities which comprise the Investment Management function of financial services companies; including, but not limited to: discussion of the current investment market and the impact on existing products, analysis of new and emerging investment instruments, asset/liability management and developing and identifying appropriate methodologies for measuring the financial performances of individual investments and investment portfolios. 

Membership Requirements: Members must be either the Chief Investment Officer or have significant responsibilities in the Investment Department.

LOMA Staff Liaison: Curtis Conner (860) 285-7885, cconner@limra.com

The Investment Operations Committee studies and discusses current trends, strategies and practices pertaining to the diverse responsibilities, which comprise the Investment Operations of life insurance companies. This includes all aspects of the back-office operations of supporting the Investment activities such as, but not limited to: accounting, regulatory and compliance issues, system support, valuing investments, and insurance company involvement in securities industry initiatives.

Membership Requirements: Members must be either the Head of Investment Operations or have significant responsibilities in the Investment Operations Department. Most members are officers or director level.

LOMA Staff Liaison: Angie Norman (770) 984-6438, norman@loma.org

The Treasury Operations Committee studies and discusses current trends, strategies and practices pertaining to the diverse responsibilities which comprise the Treasury Operations of financial services companies; including, but not limited to: projecting and administering cash flows, conducting bank relations, and effectively employing cash resources within the overall corporate financial management process. The committee also aids in identifying session topics and speakers for the LOMA Financial Inforum (an annual conference). Most committee members also attend this conference.

Membership Requirements: Members are required to have a working knowledge of treasury management practices and have managerial responsibilities for broad treasury functions within their companies. Preference will be given to individuals who are officers with direct treasury responsibilities.

LOMA Staff Liaison: Angie Norman (770-984-6438), norman@loma.org

For detailed information about the committee process and descriptions of each committee, download the Committee Handbook.

Back to overview of LOMA Committees.