Charting the Future: A Conversation with Dennis Goldenberg

Dennis Goldenberg (SPS’24; ASCU President’23)

In the grand tapestry of time, where numbers dance and models align, A path is carved, both bold and bright, in risk and reason intertwined. From Columbia’s halls to corporate flight, where data sings and insights shine, Dennis Goldenberg shapes the tide in P&C’s evolving design.

As the previous president of the Actuarial Society of Columbia University, Dennis has left a legacy of leadership, collaboration, and academic excellence. Now, as an Actuarial Analyst at State Farm, he applies his analytical prowess to Business Lines Pricing, specializing in Commercial Multi-Peril insurance. We sat down with him to discuss his transition from student to professional, his insights on exam preparation, and his advice for aspiring actuaries.

From Columbia to State Farm: A Shift in Perspective

“The biggest transition,” Dennis reflects, “is moving from an environment with constant feedback—assignments, tests, and structured learning—to a role where you must be a self-starter. In school, progress is measured by exams and homework, but at work, you have to take the initiative to push yourself forward.”

Another change? Daily life. “Columbia had dining halls, libraries, structured schedules. Now, I cook my own meals, manage my time differently. It’s a shift, but one that comes with growth.”

A Day in the Life: The Actuarial Analyst Experience

A typical day for Dennis starts early. “I wake up, work out, and take the train to the office. The first part of my day is usually dedicated to studying for my next actuarial exam. State Farm provides 125 hours of paid study time over six months, which is a huge benefit.”

Mornings bring meetings. “My team, Business Lines Pricing, works on rate filings and model implementations. One day, I might analyze loss trends for a rate revision; another day, I could be developing a generalized linear model to assess deductible credits.”

Afternoons are for deep work. “Post-lunch, I tackle assigned projects, whether it's examining development factors for a state’s rate revision or refining model selections. If I have time left, I’ll get in some additional study.”

Exam Strategy: Studying in the Professional World

Having passed Exams P, FM, MAS I, and MAS II, Dennis is well-versed in the rigorous exam process. “Studying while working is different. On one hand, you have fewer distractions—no extra coursework or assignments. But on the other hand, after a full workday, finding the energy to study is a challenge.”

What makes it easier? Application. “Exam 5 moves away from pure math and focuses more on applied actuarial concepts. Now that I’m working in P&C, I see real-world examples of what I study, making it much more intuitive.”

Balancing Work, Study, and Life

How does he manage it all? “I designate specific days for studying and other days for social life and hobbies. That way, I don’t feel guilty about taking time off, and I also ensure steady progress on exams.”

As for his work arrangement, Dennis opts for a structured approach. “State Farm requires at least two in-office days a week, but I go in four times. I like separating work and home life. When I leave the office, I can truly unwind.”

Advice for Aspiring Actuaries

For students eyeing a career in P&C, Dennis recommends prioritizing Exams P, FM, and MAS I before graduation. “MAS I is particularly useful—it covers generalized linear models, which are integral to P&C work.”

Courses that made a difference? “The Property & Casualty elective was invaluable. The textbook from that class is one I’m using for Exam 5 right now. The Risk Management in P&C Insurance class provided a big-picture view, helping me understand industry-wide challenges like catastrophe management and reinsurance.”

His biggest piece of advice? “Network more. Learning the material is crucial, but connecting with professionals gives you direction. Reach out on LinkedIn, attend industry events, and engage with alumni. I wish I had done even more of that.”

Looking Ahead

As Dennis continues his journey in the actuarial world, he remains a firm believer in proactive learning and professional engagement. His passion for data-driven decision-making and insurance analytics makes him an inspiring figure for aspiring actuaries at Columbia and beyond.

For those charting their own paths, his story serves as a beacon: Embrace the challenges, take initiative, and never stop learning.