Rimcon Inc.

Grant Paulsen (P.Eng., MBA, CFA, FRM)

Rimcon Inc. has provided risk managment consulting services for over 25 years to firms in the Life Insurance, Banking and Pension sectors. We have served more than 30 clients with assignments ranging from 3 months to over 10 years.

Currently, we offer support in Risk IT projects: architecture selection, process design and implementation.

Grant Paulsen is the principal at Rimcon. He holds an Engineering degree (Dalhousie) as well as an Honors MBA (University of Chicago), and has over 40 years of international business experience, the past 25 in asset/liability and risk consulting. Grant holds the CFA (Chartered Financial Analyst) and FRM (Financial Risk Manager) designations and has completed a range of Canadian Securities Institute courses.


25 years of financial
sector expertise

Rimcon Inc. has provided consulting services to over 30 financial institutions including life insurers, trust companies, banks, credit card issuers, as well as several non-financial companies. The balance sheets ranged in size from under $100 million to over $10 billion.

Rimcon has experience with

  • Insurance companies, and is familiar with the principles of actuarial liability modeling and CALM valuation
  • Pension funds, and has worked with the PUC method for liability cash flow modeling
  • Mortgage banking operations and has built models to amortize loan and deposit fees and commissions
  • Risk system implementations, and is familiar with databases and historical risk simulatin engines

Skills include

  • We have programmed in excel, VBA, VB, C++, C# and SQL.
  • We have worked with Fincad, Matlab, Eagle PACE (data warehouse), Askari (risk simulation), Bloomberg and Datastream (data sources), AXIS (actuarial valuation), Ortec PALM (pension modeling) and Ortec PEARL (performance measurement) and Qlikview (reporting).
  • Examples of programming skills can be found in the Downloads section.

Our services

Managing risk requires well thought out and designed processes and systems.
We can help put them in place.

Risk IT projects

  • Requirements gathering
  • Project planning
  • Solution specification
  • Market search
  • Vendor evaluation
  • Contract negotiation
  • Solution implementation
  • Testing and acceptance

Model development

  • Requirements definition
  • Solution specification
  • Storyboarding of components
  • Software build and unit testing
  • Feedback and modification (loop)
  • Documentation
  • Integration testing and user acceptance


Articles and sample programming tools.

Intro to economic capital


Credit simulation model


Pension cash flow model


Contact us