Deloitte Group & Long-term Care Actuary Consulting Manager in Jersey City, New Jersey
Group and Long-term Care Actuary Consulting Manager
Deloitte Consulting's actuarial practice is a leading advisor and implementation partner working with Group and Long-term Care insurance companies. Our goal is to improve our clients' organizational results and impact by focusing on their critical business challenges leveraging actuarial skills.
Work you'll do
As a Deloitte Consulting Group and Long-term Care ("LTC") Actuary Manager in the Insurance practice of Deloitte's actuarial group, you will assist Deloitte Senior Managers and Partners in providing strategic and technical consulting services to Group and LTC insurance carriers.
At Deloitte, you can be a part of the transformation of the Insurance sector. Deloitte's Group and LTC actuaries participate in actuarial modernization, finance and underwriting transformation, mergers & acquisitions, strategy formulation, and operational review. Deloitte's Group and LTC actuaries are involved in solutioning complex business problems impacting carriers' people, processes, and technology.
Other responsibilities may include:
Design and review of predictive modeling tools
Identify strategies to reduce enterprise costs
Review reserves and assumptions in support of Deloitte & Touche audits of insurance liabilities (incurred but not reported (IBNR), , active life reserves, disabled life reserves, etc.) across various accounting bases
Prepare and present client presentations and reports
Assist insurance carriers with the implementation of GAAP Long Duration Targeted Improvements accounting standard
Assist insurance carriers on their finance or data modernization journey
Assist insurance carriers to modernize their insurance product suite and underwriting capabilities
Develop models to understand the financial impact of proposed solutions and strategies
Conduct other Manager level actuarial consulting activities, as required
Actuarial & Insurance Solutions
Deloitte's Actuarial & Insurance Solutions practice works with finance, actuarial, and risk functions to help life insurance companies, property & casualty insurance companies, health plans, and healthcare providers modernize their operations and manage actuarial costs and risks. This involves helping our clients move from where they are today to where they need to be in the future. To enable our success, we use data and insights to inform better ways of managing risk.
With over 250 credentialed actuaries in the U.S., our A&IS practice is one of the largest in the world. We are recognized as a leader in providing comprehensive, high-quality actuarial consulting, advanced analytics, and risk management services to our clients.
6+ years of Group and/or LTC actuarial experience
Successfully passed 5 actuarial exams
Ability to travel up to 50%, on average, depending on the work you do and the clients and the industries/sectors you serve
6+ years of consulting and/or health plan/insurance company experience
Experience managing staff and leading medium to large sized teams
ASA with progression to FSA, FSA, or career ASA designation
Experience with one or more of the following areas:
Product design and/or product strategy
Group insurance products including disability, group life, dental, supplemental health, LTC, etc.
Mergers & acquisition experience including actuarial appraisal development
GAAP Long Duration Targeted Improvements accounting standard
Experience with major actuarial valuation and projection systems such as PolySystems, AXIS, Prophet, etc.
Strong client presence with project management, presentation, and facilitation skills
Ability to succeed in team-based or independent environments
Well-organized with the ability to handle several projects/clients simultaneously
Strong oral and written communication skills
Ability to create and manage client relationships and develop business
Dedicated work ethic with a commitment to client service excellence
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 $138,000 to $255,000.
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.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.