Consulting, Consultant

Management Consulting

Chicago, Illinois, United States

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Position Summary

Deloitte Consulting LLP seeks a Consulting, Consultant in Chicago, IL 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.

Job Description

  • 50% Travel required nationally.
  • Telecommuting permitted.
  • Work location includes various unanticipated Deloitte locations and client sites nationally

Requirements

Bachelor’s degree or foreign equivalent in Business Administration, Actuarial Science, any STEM field or a related field. Must have 1 year of related work experience in the job offered or in a related occupation. Position requires 1 year of related work experience in each of the following:

  • Providing analytical and technical support by performing financial actuarial statements analysis on underlying unpaid claim liability, net earned premium, combined loss ratio, allocated loss and expense ratio, and industry benchmarking;
  • Utilizing big data cleaning, pattern matching, data visualization, and predictive modeling tools, including Microsoft (MS) Excel, VBA, and Alteryx, to produce analysis and algorithms;
  • Coordinating project engagements, involving reserve analyses, pricing, mergers and acquisitions, strategic planning, profitability analysis, and audit support;
  • Assisting firm actuary to provide client with statement of actuarial opinion and report, including testing scopes, retrospective results comparison, actuarial methods used, data analysis, and Position in Range (PIR) analysis;
  • Calculating deferred acquisition costs, unpaid claims liabilities, and benefit reserves for general liability and workers' compensation, using loss development, Bornhuetter-Ferguson, and Berquist-Sherman methods;
  • Validating assumptions applied in projections and testing key actuarial reserve balances, using reserving models and industry benchmark comparisons; and
  • Gathering and analyzing data, assisting in development of proposals, collateral marketing, sales materials, and knowledge management.
  • EOE.

Our people and culture

Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our clients' most complex challenges. This makes Deloitte one of the most rewarding places to work. Learn more about our inclusive culture.

Our purpose

Deloitte’s purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Learn more about Deloitte's purpose, commitments, and impact.

Professional development

From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.

As used in this posting, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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.

Requisition code: 138999

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