Deloitte Senior Consultant, HC, ARA, Insurance, Life in Chicago, Illinois

Deloitte is one of the leading professional services organizations in the United States, specializing in audit, tax, consulting and financial advisory services with clients in more than 20 industries. We provide powerful business solutions to some of the world s most well-known and respected companies, including more than 75 percent of the Fortune 100.At Deloitte, you can have a rewarding career on every level. In addition to challenging and meaningful work, you ll have the chance to give back to your community, make a positive impact on the environment, participate in a range of diversity and inclusion initiatives, and find the support, coaching, and training it takes to advance your career. Our commitment to individual choice lets you customize aspects of your career path, your educational opportunities and your benefits. And our culture of innovation means your ideas on how to improve our business and your clients will be heard.Deloitte Consulting LLP seeks a Senior Consultant, Human Capital (HC), Actuarial, Rewards & Analytics (ARA), Insurance, Life in Chicago, IL and various unanticipated Deloitte office locations and client sites nationally. Work You ll DoProvide strategic and technical consulting services across different industry sectors. Assist with the delivery of large, complex client engagements that identify, design, and implement creative business solutions and technology solutions for our clients. Develop financial projection models for insurance carriers. Support new team members during onboarding by sharing technical and client specific knowledge. Develop actuarial assumptions for life insurance companies including mortality and lapses. Validate assumptions applied in projections and test key actuarial reserve balances using GAAP and statutory accounting techniques. Implement model risk governance standards across the company through actuarial model testing and documentation. Develop, refine, and update variable annuity pricing assumptions (mortality, lapse, expense, and investment) and product features through cross-functional collaborations and actuarial analysis using MATLAB, Excel, and VBA. Use pricing models to construct projected Statutory and GAAP income statements and analyze impact of product and assumption changes on profitability. Calculate annuity accounting items including VACARVM, C3 Phase III, FAS 133, SOP 03-1, and DAC. Ensure pricing assumptions are reasonable and compliant with Actuarial Standards of Practice (ASOPs). Conduct financial feasibility analysis on new product ideas through MATLAB and VBA coding. Code features and refinements to stochastic pricing models in MATLAB. Automate the actuarial pricing production process to make it more robust and efficient. Perform statistical analysis, optimization pricing, risk modeling, data mining and develop actuarial analytic models using Access, VBA, SQL and Microsoft Excel. Build dynamic dashboards using VBA and Microsoft Excel to summarize and visualize key performance metrics and actuarial analyses. #LI-DNI RequirementsBachelor's degree in Mathematics, Statistics, Actuarial Science, or related field.Two years of experience providing technical actuarial services on behalf of a global consulting company.Must have two years of experience with:Developing, refining, and updating variable annuity pricing assumptions (mortality, lapse, expense, and investment) and product features through cross-functional collaborations and actuarial analysis using MATLAB, Excel, and VBA;Using pricing models to construct projected Statutory and GAAP income statements and analyze impact of product and assumption changes on profitability;Calculating annuity accounting items including VACARVM, C3 Phase III, FAS 133, SOP 03-1, and DAC;Ensuring pricing assumptions are reasonable and compliant with Actuarial Standards of Practice (ASOPs);Conducting financial feasibility analysis on new product ideas through MATLAB and VBA coding;Coding features and refinements to stochastic pricing models in MATLAB; Automating the actuarial pricing production process to make it more robust and efficient;Performing statistical analysis, optimization pricing, risk modeling, data mining and developing actuarial analytic models using Access, VBA, SQL and Microsoft Excel; andBuilding dynamic dashboards using VBA and Microsoft Excel to summarize and visualize key performance metrics and actuarial analyses.Successful completion of (4) actuarial exams.25% travel required. BenefitsAt Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits.Learn more about what working at Deloitte can mean for you. Deloitte s cultureOur positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte. Corporate citizenshipDeloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte s impact on the world. Recruiter tipsWe want job seekers exploring opportunities at Deloitte to feel prepared and confident. To help you with your interview, we suggest that you do your research: know some background about the organization and the business area you re applying to. We also suggest that you brush up on your behavioral and case interviewing skills and practice discussing your experience and job history with a family member, friend, or mentor.Check out recruiting tips from Deloitte professionals.

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Category: Management Consulting