Steve Tulig

Dr Steve Tulig

Lecturer

Faculty of Business and Law
School of Business

PhD, Master of Commerce (Finance), BEng (First Class Honours)

Get in contact

Telephone: +61 2 4239 2366

Email: steve_tulig@uow.edu.au

Location: 40.208

Steve recently joined the Accounting discipline as a full-time lecturer after working for several years as a casual academic. He also has extensive industry experience in the investment management, investment banking and insurance industries having worked for organisations such as BT Financial Group, UBS and Allianz. His experience encompasses financial modelling, equity valuation, risk management and data analytics.

Steve holds a Bachelor of Engineering with first-class honours from UOW, a Master of Commerce from the University of New South Wales and a PhD from UOW. He also holds the professional Financial Risk Manager qualification certified by the Global Association of Risk Professionals, of which he has been a member since 2012.

Steve’s PhD is entitled “An investigation of mispricing, analyst forecast optimism and market reactions to earnings surprises of large capitalisation Australian value and growth stocks”. His research interests include the information content and market reactions to accounting data, the use of financial statements in equity valuation, and analyst forecast efficiency.

Steve currently teaches financial and management accounting but has a broad range of teaching experience that spans both accounting and finance and also includes financial statement analysis, corporate finance, investments, derivatives and financial risk management.

July 2014 - Present
Sessional Lecturer and Tutor, Faculty of Business, University of Wollongong

Co-ordinated, lectured and tutored postgraduate subjects including (i) Financial Statement Analysis, (ii) Multinational Financial Management, (iii) Derivatives, (iv) Banking Theory and Practice, and (v) Portfolio Management. Co-ordinated, lectured and tutored undergraduate subjects including (i) Financial Statement Analysis, (ii) Derivatives and Financial Risk Management, and (iii) Risk and Insurance. Tutored in the undergraduate subjects (i) Investment Analysis and (ii) Corporate Finance.

April 2014
Adjunct Lecturer, Discipline of Accounting, Business School, University of Sydney

Delivered lectures on Accounting for Financial Instruments and the relevant standards (AASB9/AASB139, AASB7 and AASB132) with a specific focus on the treatment of derivatives, as part of the subject Financial Accounting A.

July 2010 – December 2013
Lecturer (full-time, fixed term contract), School of Accounting & Finance (now School of Accounting Economics and Finance), University of Wollongong

Co-ordinated and lectured in the undergraduate subjects (i) Financial Statement Analysis, (ii) Portfolio Analysis and (iii) Risk and Insurance. Co-ordinated and lectured in the postgraduate subject Investment Management. Tutored in the undergraduate subject Corporate Finance.

August 2003 – November 2006
Sessional Lecturer and Tutor, School of Accounting & Finance, University of Wollongong

Co-ordinated and lectured the undergraduate subject Investment Analysis, and tutored in the postgraduate subjects (i) Managerial Finance and (ii) Portfolio Management.

Postgraduate:

PhD 2011 - School of Accounting and Finance, University of Wollongong

Dissertation: An investigation of mispricing, analyst forecast optimism and market reactions to earnings surprises of large capitalisation Australian value and growth stocks.

Contributions: Accounting (analyst efficiency, earnings response coefficients); Finance (market efficiency, behavioural finance, the momentum life cycle, the pricing of default risk)

 Master of Commerce (Finance) 1997, University of New South Wales

Undergraduate:

Bachelor of Engineering 1985 First Class Honours, University of Wollongong

Other:

Financial Risk Manager – Certified by the Global Association of Risk Professionals

Technical

  • Financial statement analysis and valuation
  • Financial risk modelling and analytics
  • Investment analysis
  • Applications development

Programming & Database

  • C / C++, Python, VBA
  • Sybase / SQL Server
  • Microsoft Access

Other

  • Experienced MATLAB user
  • Advanced Excel User

January 2014 - Present 
Quantitative Analyst (part-time), IBS Capital, Sydney

Carried out quantitative research and applications development pertaining to capital markets; including development and testing of fixed-income analytics, modelling the tail risk of various asset classes, and the development of investment advisory tools such as stock screeners based on accounting and market ratios.

July 2008 – November 2008
Quantitative Analyst (contract), Superratings

Performed quantitative analysis of superannuation fund performance figures and research services for clients. Developed applications in Access/VBA to automate the processing of regular research outputs.

December 2006 – March 2008
Technical Business Analyst (contract), BT Financial Group

Conducted data mining tasks as part of BT’s Life Insurance Compliance Project; including the coding of 70 pages of SQL stored procedures to detect incorrectly priced insurance policies dating back to 1992.

January 2000 – May 2003 
Quantitative Analyst, UBS Warburg (Australia) Equities

Maintained the company’s equities research database, comprising company financial statements and market data on ASX-listed companies. Compiled the research output (namely forecasts of earnings and other accounting data) of UBS Warburg’s equity analysts, and delivered the result to clients on a weekly basis. Fulfilled ad-hoc client requests for (i) customised financial statement analysis of ASX-listed companies, and (ii) customised research into equity investment strategies based on accounting and market ratios. Performed statistical studies and research of equity investment strategies. Developed backtesting applications using SQL and VBA. Carried out risk and performance analysis of client portfolios.

September 1998 – January 2000 
Quantitative Analyst, Allianz Investment Management

Researched investment strategies for various asset classes including equities, fixed income, and property. Developed applications for (i) the storing and processing of analyst (i.e. broker) forecasts of earnings and other financial statement information (ii) monitoring derivative exposures and (iii) Monte Carlo simulation of financial and economic variables for Asset-Liability management.

August 1995 - September 1998 
Computer Systems Officer, School of Banking & Finance, University of New South Wales

Managed the School’s research database and developed applications to ensure that data was easily accessible by both academic staff and students. The data included company financial statements, stock prices, dividends and index data from Compustat, CRSP and the ASX. The applications allowed users to easily calculate and extract ratios based on accounting and market data as well as stock returns.

January 1987 - April 1995 
Professional Engineer, Pacific Power (formerly the Electricity Commission of NSW)

Carried out planning studies of the electricity-generating capacity requirements in South-Eastern Australia. Developed and maintained computer simulation applications used to carry out these studies.

February 1986 – January 1987 
Professional Engineer, Crooks Michell Peacock Stewart

Developed Civil Engineering design specifications for the construction of railway infrastructure and commercial structures.

  • Global Association of Risk Professionals (GARP); member since 2012