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. This role offers the opportunity to apply actuarial skills in a fast-paced, client-service environment and make an impact across meaningful health care initiatives.

Our Human Capital practice is at the forefront of transforming the nature of work. The team uniquely addresses the complexities of work, workforce, and workplace dynamics, leveraging sector-specific insights and cross-domain perspectives to help organizations tackle their most challenging workforce issues and align talent strategies with their strategic visions.

Responsibilities

• Support 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.

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.

The Team

Our Insights, Innovation & Operate Offering enhances key aspects of clients' businesses by leveraging cutting-edge technology, data, and a blend of deep technical and human expertise. The team innovates and delivers creative, industry-specific solutions that streamline operations and accelerate speed-to-value.

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.

Pay

The wage range for this role takes into account factors such as skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate is $100,400 to $197,900. At Deloitte, it is not typical for an individual to be hired at or near the top of the range, and compensation decisions depend on the facts and circumstances of each case. You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, where an award, if any, depends on various factors, including individual and organizational performance.