Health Actuary Consultant
About the role
Join Deloitte's Human Capital practice as an Actuarial Consultant and help clients address complex challenges across the health care ecosystem. In this role, you will support strategic and technical consulting engagements for health plans, providers, pharmacy benefit managers, and federal and state government clients. You will contribute to actuarial modeling, financial analysis, and project delivery efforts that help organizations make informed business and policy decisions. If you are looking to apply actuarial skills in a fast-paced, client-service environment, this role offers the opportunity to make an impact across meaningful health care initiatives.
Our Human Capital practice is at the forefront of transforming the nature of work. As converging forces reshape industries, our team uniquely addresses the complexities of work, workforce, and workplace dynamics. We leverage sector-specific insights and cross-domain perspectives to help organizations tackle their most challenging workforce issues and align talent strategies with their strategic visions. Our practice is renowned for making work better for humans and humans better at work. Be part of this exciting era of change and join us on this transformative journey.
Work you'll do
As an Actuarial Consultant on the Insights, Innovation & Operate team, you will be responsible for supporting strategic and technical consulting services for health plans, providers, federal and state governments, and pharmacy benefit managers.
- Develop structured query language (SQL) models to price health plan benefit changes, network changes, or other detailed claims analytics
- Use strategic thinking to shape the direction of health insurers, including pricing, market entry, network design, and cost of care initiatives to drive performance
- Review Medicare Advantage (MA) and Part D bid submissions for accuracy and consistency
- Analyze lapse and retention rates and prepare findings for client review
- Support project delivery by preparing work plans, reports, presentations, and actuarial models, including incurred but not reported (IBNR) analyses and return on investment (ROI) assessments
Qualifications
Required:
- Bachelor's degree
- 2+ years of health actuarial experience
- 2 actuarial exams passed
- Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
- Limited immigration sponsorship may be available
Preferred:
- 2+ years of consulting experience and/or experience with a health plan or insurance company
- 1+ year of experience in health actuarial analysis, underwriting, or health care finance
- 1 year of experience with health plan design, alternative delivery systems, or health care reform analysis
- 1 year of experience with reimbursement mechanisms or payment models
- 1 year of experience developing client deliverables, including reports and presentations
- 1 year of experience using Microsoft Office products, including Word, Excel, and PowerPoint
Skills
- Ability to work independently and collaborate as part of a team
- Effective written and verbal communication skills
- Meticulous attention to detail and quality of work product
- Ability to build and sustain professional relationships
- Ability to lead projects or workstreams
- Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
- Strong interpersonal skills and professional demeanor
- Ability to meet deadlines
- Ability to provide clear guidance to others
Pay
A reasonable estimate of the current range is $100,400 to $197,900. 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.