Andras Molnar is a Managing Director at Ankura Consulting Group based in Washington, DC. Dr. Molnar has ten years of experience in compliance, auditing, valuations, financial modeling and project management. He graduated from the University of Szeged, Medical Sciences Center in 2005 with an MD degree. Dr. Molnar holds Educational Commission for Foreign Medical Graduates (ECFMG) and Certified Fraud Examiner (CFE) certifications.
Dr. Molnar currently directs the operation of the Ankura Audit Team. Since 2013, he has supervised 10 auditors, two managers and three expert physicians. Dr. Molnar manages compliance and claims processing audits for major asbestos trust clients with over $10 billion in overall assets and also formulates policy recommendations, including policies related to the review and assessment of medical evidence in support of personal injury claims. In addition to auditing, he directs the financial modeling and valuations team. Dr. Molnar supervises periodic actuarial and cash flow reporting and assists trust clients with risk management and decision making.
During 2014 and 2015, Dr. Molnar supervised the claim valuation team for the GM Ignition Switch Compensation Facility. The Facility valued and paid close to $600 million to claimants. He designed and created the long term care valuation model and reviewed claimant’s medical documentation to assist with proper injury categorization and assessment of injury severity.
From 2011 to 2012, Dr. Molnar researched and analyzed foreign asbestos injury compensation systems, identified potential clients, performed market research and prepared marketing presentations. He provided his medical expertise in writing proposals for projects involving pharmaceutical products and medical devices litigation. In addition, he assisted in writing white papers for publication.
Between 2010 and 2013, Dr. Molnar supervised and trained the ARPC Audit Team while he oversaw project workflow. He conducted internal claims processing audits of major asbestos claims processing facilities. Dr. Molnar assessed review decisions, formulated policy recommendations, communicated with and advised audit clients. He took instrumental part in setting up the External Audit function for ARPC’s major trust clients.
Between 2009 and 2011, Dr. Molnar performed financial modeling. He developed and conducted periodical actuarial reporting. He programmed cash flow models in MS Excel for asbestos trust clients. Dr. Molnar prepared scenario analyses, present value calculations and performed risk analysis using Crystal Ball software. He also prepared insurance recovery forecasts for asbestos trust clients.
From 2008 to 2012, Dr. Molnar evaluated and categorized injury allegations for toxic environmental pollution and pharmaceutical cases including the WTC First Responder’s Fund, BP Deepwater Horizon Oil Spill Facility and Anadarko Petroleum. He designed and built compensation algorithms based on exposure and disease severity using generally accepted compensation principles. He participated in estimating overall liability as well.
During 2007 and 2010, Dr. Molnar conducted internal claims processing audits of major facilities processing asbestos personal injury claims. He also participated in formulating policy recommendations for claims processing facilities.
Dr. Molnar received his Medical Degree with Summa cum Laude from the University of Szeged, Medical Sciences Center in 2005. He passed the US Medical Licensing Examination and became Educational Commission for Foreign Medical Graduates Certified in 2006. Dr. Molnar became a Certified Fraud Examiner in 2016.