Actuarial Consultant

About the Role

Deloitte's Human Capital team helps organizations create value through people performance, transforming HR functions with AI and emerging technology. As an Actuarial Consultant on the Government & Public Services team, you will provide strategic and technical consulting services to public sector clients, focusing on Medicaid reimbursement and innovative actuarial solutions.

Key Responsibilities

• Provide strategic and technical consulting services to public sector clients.
• Support engagements focused on Medicaid reimbursement, including actuarial rate development across managed care and fee-for-service, Medicaid policy, budget forecasting, and fiscal analyses, and risk adjustment.
• Support business development efforts for Federal and State governments, employer groups, and other public entities.
• Participate in the transformation of the health care sector through innovative actuarial solutions, such as AI-driven solutions, development of frameworks inclusive of social drivers of health, and transition of payment models to value-based payment frameworks.
• Address complex, ill-defined problems with strong technical and innovative approaches.
• Apply business-oriented strategies to enhance client outcomes and solutions.
• Collaborate with cross-functional teams to deliver comprehensive actuarial services.
• Engage in continuous learning and adaptation to emerging health care trends and technologies.

Requirements & Tech Stack

• 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 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.
• Ability to travel 10-50%.

Qualifications

Required:

• Bachelor's degree.
• 2+ years of health actuary experience in consulting and/or health plan/insurance company.
• 1+ year of experience with Medicaid managed care capitation rate development and/or fee-for-service rate development.
• Exam progress toward ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries).
• Must be legally authorized to work in the United States without the need for employer sponsorship.

Preferred:

• ASA with progression to FSA, FSA, or career ASA designation.
• Experience providing Medicaid consulting services to government agencies.
• Experience with Medicaid waivers, including 1115, 1915(b/c), and 1332 waivers.
• Experience with risk adjustment mechanisms.
• Experience with provider reimbursement streams, including DSH, UPL, etc.
• Experience with reimbursement models, including value-based care/ACO modeling.
• Knowledge of group insurance products including disability, long-term care, etc.

Compensation:

• Wage range: $100,400 to $197,900.
• Eligibility for a discretionary annual incentive program.