Deloitte Consulting LLP seeks a Consulting, Consultant in New York, New York and various unanticipated Deloitte office locations and client sites nationally.
Work You’ll Do
Perform 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. Combine statistics, financial theory, mathematics and business management for the purpose of predicting future events; assess the risk of those events, and help businesses and clients develop policies that minimize the cost of that risk. Develop rating models and factors for new product development and product enhancements, profitability analysis and audit support. Provide insurance and retirement industry insight and analytical support, in accordance with IRS regulations. Assist in designing and evaluating employee benefit programs; determine the adequacy, funding requirements, and financial impact of these plans, and ensure compliance with government regulations and financial accounting standards.
- 50% Travel required nationally.
- Telecommuting permitted.
- Work location includes various unanticipated Deloitte office locations and client sites nationally.
Requirements
Bachelor’s degree or foreign equivalent in Mathematics, Economics, Statistics, or Actuarial Science, or a related field. Must have 1 year of related work experience in the job offered or in a related occupation. Candidate must also have 1 year of related work experience involving each of the following:
- Utilizing data mining, pattern matching, data visualization, and predictive modeling tools, including Microsoft (MS) Excel VBA and SQL to produce analysis and algorithms;
- Creating estimates of probability and likely costs for a given event, including death, natural disaster, or sickness;
- Analyzing the financial consequences of risk, using actuarial assumptions and actuarial modeling tools to study uncertain future events related to insurance;
- Calculating deferred acquisition costs, unpaid claims liabilities, and benefit reserves, using US GAAP standards for Traditional Life, Universal Life, and Annuity products;
- Validating assumptions applied in projections, and testing key actuarial reserve balances, using MS Excel and Python-based actuarial auditing tools;
- Providing analytical and technical support by performing financial statements analysis, including underlying assets performance, projected cash flows, analytics reconciliation, trending analysis, industry benchmarking, and sensitivity analysis, utilizing Statutory, US GAAP, IFRS 17, and Tax accounting standards.
- EOE
Annual Salary: $121,800 - $127,890