P&C Actuary Consultant
Deloitte Consulting’s Human Capital practice is a leading global advisor and implementation partner working with companies, governments, and organizations around the world. Our goal is to improve our clients’ organizational results and impact by focusing on challenges at the intersection of business and people.
Work you’ll do
As a Deloitte Consulting P&C Actuary Consultant in the Insurance practice of Deloitte’s Human Capital group, you will provide technical and analytical support in a consulting environment.
The job functions include the following:
Client project engagements involving reserve analyses, including Statements of Actuarial Opinion, pricing, mergers and acquisitions, financial modeling, economic capital modeling, enterprise risk management, new product development, strategic planning, pricing strategy development, target market assessments, competitive assessments of coverage and rating, development of rating models and factors for new product development and product enhancements, profitability analysis and audit support.
Assistance in financial management of client engagements, project management through utilization of project management tools.
Oversight and project management of more junior actuaries and staff work streams.
Gathering and analyzing data, assisting in development of proposals and collateral marketing and sales materials, and knowledge management
The Organization Transformation practice is about transforming the organization (and the benefits providers that serve them) to support its business strategy. This involves helping our clients move from where they are today to where they need to be in the future. It could include changing the organization’s culture, modernizing specific functions, re-designing the organization structure, and will require a combination of change management actions to execute the transformation. To enable our success, it will be critical to use data and insights to inform better ways of working together.
2+ years of property and casualty actuary experience
Successfully passed 2 actuarial exam
Knowledge of loss reserving methods
Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve
BS in Actuarial Science or Mathematics related field
2+ years of experience working in a consulting or insurance company environment
Experience managing small to medium sized teams
Proficiency using computer software such as Excel, Word, Access, and VBA
Strong analytical, written and verbal communication, and client management skills
Effective listening and questioning skills
Strong business ethics, ability to maintain independence and objectivity in client dealings
Demonstrated problem solving skills
Detailed exposure demonstrating competency with strong organizational skills and little supervision in the areas of:
Statutory/GAAP reporting, regulation, and compliance, Actuarial Standards of Practice
SAP, FASB, GASB and related accounting principles
Standard and advanced reserving methods
Pricing and cost allocation methods
Insurance/reinsurance company operations
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $84,000 to $155,000.
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.