Consulting - Human Capital - Health Actuarial - Analyst/Consultant

Job Description

Human Capital- Health Actuarial 

The Human Capital Offering Portfolio focuses on helping organizations manage and sustain their performance through their most important asset: their people. Centered on five core issues, this Portfolio signifies to the market that we see Human Capital as a topic critical to the C-Suite. As we go to market we will show our clients that we serve more than HR organizations – from the CEO to CFO, Risk Manager to Business Unit leader—and that we deliver on our issues and help create value for our clients.

Business Analyst/Consultant – Health Actuarial

Health actuarial business analyst/consultant will assist senior consultants, managers, and senior actuaries in providing strategic, analytic, and technical actuarial consulting services to health care and life science providers (e.g., health plans, providers, State governments, etc.). Consultants also provide advisory services related to health care and other benefit plan issues of mergers and acquisitions, governance and risk management, enterprise cost reduction efforts, and other transformational business initiatives. Our consultants are distinguished by their quality, their depth of experience, and their dedication to excellence.

Work you’ll do

• The consultant or business analyst will assist in performing actuarial calculations to validate various actuarial results such as reserves and Health products rates
• Develop actuarially sound rates for various Health products
• Align provider contracting strategy with rating trends
• Perform analysis to help our clients reduce their health costs and improve their performance
• Price alternative plan designs and defines product strategy
• Work with the team to develop actuarial models and calculate ROI for medical management and other health plan initiatives
• Prepare and review claims reserves in support of Deloitte & Touché audits of health care liabilities
• Oversee, prepare, and perform analyses for rate filings, including bid preparations
• Assist in training and supervision of staff
• Conduct other health actuarial consulting activities, as required

The Team

At Deloitte, our actuarial consultants provide a full range of reserving and advisory services to our clients. We help our clients combine tax data, processes, technology, and people in new ways to uncover valuable business insights and arrive at smarter solutions to business challenges. Our team members work collaboratively and apply their specialized knowledge and experience to help clients navigate complex tax and financial reporting issues. We offer insights into their business practices and procedures and help them make informed decisions to enhance their business efficiencies.

The Organization Transformation practice is about transforming the organization (and the benefits providers that serve them) to support its business strategy. This involves helping our clients move from where they are today to where they need to be in the future. It could include changing the organization’s culture, modernizing specific functions, and re-designing the organization structure, and will require a combination of change management actions to execute the transformation.  To enable our success, it will be critical to use data and insights to inform better ways of working together.

Qualifications Required:

• Graduation/Post Graduation with mathematics/statistics or any subject with sizeable mathematical content
• Pursuing actuarial exams
• Fresher/Min 1 year of actuarial work experience in the US health care domain
• Able to work independently or in a team environment

Preferred Qualifications:

• Strong communication skills
• Ability to program using SQL
• Extensive experience with MS Excel, Word, and PowerPoint
• Prior experience training/reviewing work of entry-level actuarial analysts
• Well organized with the ability to handle several projects/clients simultaneously
• Strong work ethics with a commitment to client service excellence
• Ability to actively contribute to the team, with various backgrounds, in a dynamic, complex, and fast-paced environment