Life Actuary Consultant

About the Role

The Insights, Innovation & Operate team at Deloitte's Human Capital practice advises life insurance and annuity clients on actuarial modernization, business transformation, and analytical initiatives.

Key Responsibilities

• Monitor life insurance and annuity product, market, and regulatory developments to anticipate client needs and inform solution design
• Redesign and modernize business functions including underwriting, new business, product development, financial reporting, modeling, and adjacent actuarial processes
• Support the deployment of tools, technologies, data sources, and analytics to improve stakeholder experience, reduce cost, and generate actionable insights
• Contribute to the design and deployment of proprietary models, algorithms, data sets, and other project accelerators in a consulting environment
• Collaborate with cross-functional teams and senior leaders to support solution development, sales efforts, actuarial assurance activities, and practice development initiatives

Requirements & Tech Stack

• Bachelor's degree
• 2+ years of actuarial experience supporting life insurance or annuity products
• Successful completion of 2 actuarial exams
• Ability to travel 50%, on average

Preferred Experience

• 2+ years of experience in product development, including product design, pricing, filing, and implementation across one or more distribution channels
• 2+ years of experience developing experience studies for life actuarial assumptions including lapse, mortality, and expense assumptions
• 2+ years of experience in assumption setting for pricing, forecasting, financial reporting, or embedded value applications
• 2+ years of experience building actuarial projection models for pricing, financial planning, asset liability management, or financial reporting
• 2+ years of experience in financial reporting using statutory, United States Generally Accepted Accounting Principles, International Financial Reporting Standards, or tax accounting methodologies
• 1+ years of experience supporting mergers and acquisitions, including purchase accounting

Qualifications

• 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