ACTUARIAL CONSULTANT JOB DESCRIPTION

Pricing an ACA-compliant small group plan is only valid until the underlying utilization data shifts. When the actuarial assumptions feeding a rate filing are stale or misaligned with claims experience, health plans submit rates that either leave revenue on the table or draw regulatory objections from state departments of insurance. The Actuarial Consultant is the practitioner who keeps those assumptions current, defensible, and grounded in real-world cost trends. Working within health plan actuarial teams or consulting practices that serve employer and government-sponsored markets, this role owns the analytical work that connects claims data to pricing decisions and compliance submissions.

As the Actuarial Consultant, you will lead healthcare pricing analyses, rate filing submissions, and cost trend studies that directly determine whether a health plan's rates remain adequate and compliant under ACA and state regulatory frameworks. The role sits within an actuarial or finance function, collaborating with Underwriting, Finance, and Product teams, and reports to a Senior Actuarial Leader or Consulting Manager.

Career Impact: Hands-on ownership of ACA rate filings and Medicare risk adjustment analyses builds the kind of demonstrated regulatory fluency that distinguishes senior actuaries in the health insurance market.

Business Impact: The pricing recommendations and reserve calculations this role produces determine how a health plan sets premiums, manages medical loss ratios, and sustains financial solvency for its enrolled members.

Growth Opportunity: Exposure to CMMI ACO models, employer stop-loss strategy, and IBNR methodology across multiple lines of business accelerates the technical breadth required to advance toward FSA designation and senior consulting roles.

• Develop and submit annual and quarterly rate filings for small group ACA, large group, and individual lines to state regulatory bodies.
• Conduct medical expense analyses and healthcare cost trend studies to support pricing decisions and financial forecasts.
• Perform IBNR reserve calculations and ongoing claims tracking to ensure reserve adequacy across managed lines of business.
• Analyze vendor renewals, carrier RFPs, and plan experience to estimate costs and inform plan design recommendations for employer clients.
• Quantify and project risk scores and revenue for Medicare or government-sponsored lines, serving as the actuarial subject matter resource.
• Collaborate with Finance and Underwriting to build revenue forecasts and update rating factors in quoting and renewal systems.
• Present actuarial findings and rate recommendations to internal business leaders, non-actuarial partners, and external stakeholders.
• Support ad hoc actuarial studies, competitive analyses, and market strategy projects as directed by consulting or health plan leadership.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or equivalent work experience.
• 3 or more years of healthcare actuarial experience, with demonstrated involvement in pricing, rate filings, or reserve analysis.
• ASA designation or active progress toward it, with a clear exam completion plan.
• Proven ability to perform IBNR reserve calculations, cost trend analyses, and actuarial modeling for health insurance products.
• Strong quantitative reasoning skills with experience interpreting and presenting complex analytical results to non-technical audiences.
• Working knowledge of ACA regulatory requirements, commercial health insurance market structures, or government program pricing frameworks.
• Demonstrated project management ability, including managing multiple concurrent deliverables under deadline pressure.

• FSA designation or near-FSA status, with experience in presenting rate filing results to state regulators or executive leadership.
• Prior exposure to CMMI ACO models, Medicare Advantage bid development, or Medicare risk adjustment methodology.
• Experience supporting employer health benefit consulting engagements, including carrier selection, contribution modeling, and benchmarking.
• Proficiency in statistical programming or data query languages used for claims data extraction and actuarial modeling.

• Rate filing acceptance rate, reflecting how well submissions satisfy state department of insurance requirements without material objection.
• IBNR reserve variance as a percentage of actual claims, measuring the accuracy of reserve estimates over each accounting period.
• Forecast-to-actual medical cost ratio, tracking how closely pricing projections align with reported claims experience.
• Time from data receipt to rate recommendation delivery, reflecting analytical throughput on quarterly and annual pricing cycles.
• Vendor ROI accuracy, measured by the margin between projected and realized savings on employer benefit program analyses.
• Typical tools: Actuarial modeling platforms (commonly Excel with VBA, SAS); data query environments (commonly SQL, R).

• Base Salary Range: $85,000 to $130,000 annually, depending on experience and designation progress
• Bonus: Annual performance bonus, typically 8 to 15 percent of base salary
• Equity: Rare at individual contributor level; may apply at senior consulting firms
• Health Benefits: Medical, dental, and vision coverage; FSA or HSA options common
• PTO: 15 to 20 days annually, plus standard federal holidays
• Common Perks: Actuarial exam reimbursement and study time; professional development budget

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Reasonable accommodations are available to applicants and employees with disabilities throughout the hiring process and in the workplace; requests should be directed to the hiring organization's HR team. All applicants are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, or any other characteristic protected under applicable federal, state, or local law. Employment is contingent on successful completion of a background check. Candidates must be authorized to work in the United States.

The Actuarial Consultant owns the full valuation close cycle, including monthly and quarterly policy liability calculations, model runs, and Annual Statement reporting for life and annuity clients. Working across actuarial, finance, IT, and project management teams, the Actuarial Consultant delivers timely, quality-assured outputs that sustain accurate financial reporting for the client organization.

Key Responsibilities

• Work closely with team leaders to drive project closure.
• Provide technical support to the Valuation team for all close and non-close processes.
• Perform data extraction, reconciliation, model runs, and calculation of policy liabilities on a monthly and quarterly basis.
• Perform Annual Statement and other annual reporting as directed by the Client Manager.
• Ensure deliverables meet quality standards and are delivered on time.
• Own and maintain the Valuation Close task list, Project list, and ad hoc task list.
• Escalate issues in a timely manner and develop necessary action plans.
• Maintain and update process documentation on all closed tasks in the specified shared drive structure.
• Develop and maintain working relationships across actuarial functions, finance, IT, and project management teams.

Required Qualifications

• BS/BA in Actuarial Science, Mathematics, Statistics, or related field.
• Partially Qualified Actuary with 3-4 actuarial exams cleared and relevant life/annuity or financial services experience.
• Strong Life actuarial experience with knowledge of Annuity and Life products and GAAP, STAT, and Tax reporting concepts.
• Proficient in MG ALFA, AXIS, MS Access, Excel, VBA, and SQL.
• Proven analytical, problem-solving, and logical reasoning skills with the ability to manage concurrent deadlines and multiple priorities.
• Strong verbal and written communication skills with the ability to manage through influence and build long-term trust.

Embedded within the actuarial and data science practice, the Actuarial Consultant delivers risk scoring analyses across industry verticals and supports client interactions on actuarial and data science topics. Working closely with colleagues across product, sales, and onboarding functions, the Actuarial Consultant advances the value of connected vehicle and IoT analytics through research, reporting, and product collateral that enable successful client outcomes.

Core Functions

• Manage risk scoring activities across industry verticals to support existing clients and new prospects.
• Create collateral regarding analytical products to support internal teams.
• Support Leaders in client interactions on actuarial and data science topics.
• Deliver updates and unique analyses to internal clients on scores and analytics, including managing standard reporting processes.
• Propose, define, and support research on new analytics ideas to maximize the value of Octo's services.
• Partner with colleagues to ensure product collateral, sales enablement, and onboarding processes are in place before product launch.

Qualifications & Experience

• BA/BS in Actuarial Science, Applied Mathematics, or related technical discipline; MBA or Master's in a quantitative field preferred.
• ACAS (or near-ACAS), FCAS, or international equivalent.
• 6+ years solving business problems with data-driven solutions, including connected vehicles, IoT, and/or telematics.
• 3+ years in personal and commercial lines insurance.
• Experience in predictive modelling, including feature engineering, regression, and clustering, and delivering insight via data visualization.
• 1+ years of applied experience with SQL, Python, R, and/or Spark.
• Strong analytical, problem-solving, project management, and organizational skills with the ability to handle multiple projects simultaneously.
• Strong written, oral, and presentation English skills with demonstrated experience communicating with clients and public groups.

Reporting to senior actuarial leadership, the Actuarial Consultant leads quarterly medical expense analysis, provider risk contract evaluations, and DC/ACO REACH performance assessments within a healthcare organization. Partnering with Finance, internal consulting actuaries, and C-Level stakeholders, the Actuarial Consultant shapes forecasting models and contract assumptions that directly inform enterprise business decisions.

Primary Duties

• Lead quarterly medical expense analysis and forecasting processes with assistance from actuarial analyst staff.
• Document and present summary review memos in support of the quarterly medical expense analysis and forecasting process.
• Lead evaluation of financial implications of provider participation in networks for DC/ACO REACH opportunities.
• Lead provider risk contract evaluations and DC/ACO REACH performance evaluations, interfacing with internal and external consulting actuaries.
• Collaborate with Finance in the development of forecasting models, projections, and information to inform C-Level business decisions.
• Lead development of contract analysis assumptions and provide guidance to NeueHealth and owned clinic teams.
• Perform ad hoc data analysis using Excel, SAS, SQL, and Databricks.

Skills & Qualifications

• Bachelor's degree in Math, Statistics, Economics, Actuarial Science, or related field; ASA strongly preferred.
• 4-10 years of actuarial experience with 3+ years in healthcare.
• 2+ years with a CMMI ACO Model strongly preferred.
• 2+ years with individual/small group ACA rate filings or Medicare Advantage bids.
• Working knowledge of CMMI Direct Contracting or ACO programs and value-based contracts.
• Proficient in Microsoft Excel (VBA, advanced data visualization) and experienced with SAS, SQL, and Databricks.
• Strong project leadership skills with experience owning deliverables and producing, interpreting, and presenting internal and external analyses.

Sitting at the intersection of actuarial science and employee benefits consulting, the Actuarial Consultant leads financial workstreams including pricing, IBNR reserve calculations, and plan design modeling for employer health benefit clients. Operating across finance, underwriting, and new business teams, the Actuarial Consultant builds analytical frameworks that inform risk management strategy and support clients' long-term cost objectives.

Duties

• Perform financial and actuarial workstreams for clients, including pricing, rate setting, contribution and plan design modeling, benchmarking, and risk management/stop loss strategies.
• Perform ongoing claims tracking, monitoring, and preparation of IBNR reserve calculations.
• Assist with funding analyses, demographic analyses, strategic financials, experience reporting, and other ad hoc financial and actuarial modeling needs.
• Support new business pursuits.
• Assist with internal initiatives such as tool development and process improvement.

Requirements

• Associate or Fellow of the Society of Actuaries; a competitive study program offered for Fellowship pursuit.
• 5+ years of experience preferred in annual forecasting of health care claims costs, IBNR reserve calculations, and financial evaluation of carrier RFPs on behalf of employers.
• Proficient in Microsoft Office, particularly Excel.
• Knowledge of SQL and Power BI is an asset.
• Strong quantitative, problem-solving, interpersonal, and delegation skills with the ability to manage multiple projects and meet deadlines.
• Excellent communication skills across all mediums (verbal, written, virtual); comfortable in a client-facing role and willing to travel occasionally.

A key member of the actuarial and IT project team, the Actuarial Consultant builds and tests an actuarial reserving platform while contributing to IFRS 17 implementation design and supporting international group entities. Collaborating across actuarial, IT, and product owner functions in an agile and international framework, this work delivers the quality-assured data submissions and communication materials that enable successful system rollouts.

Technical Responsibilities

• Enhance and develop an actuarial reserving platform by performing business tests and deriving user stories and specifications from a requirements catalogue.
• Participate in knowledge transfer and prepare relevant actuarial test data and automation scripts based on test cases.
• Collaborate with actuarial and IT team members and product owners in an agile, international, and partly remote framework.
• Provide support to international entities at the group level and perform quality assurance of data submissions.
• Prepare materials for Group-wide communication, including user manuals and guiding documents to support functionality rollouts.
• Contribute to IFRS 17 implementation design with a focus on actuarial topics and support rollout, testing, and transition into regular business.

Experience & Qualifications

• Graduate degree in Mathematics, Economics, or a comparable quantitative field.
• Actuarial qualification with work experience in local or international GAAP (IFRS 4, IFRS 17, Solvency II).
• Advanced knowledge of MS Office.
• Experience in coding (R, SAS, VBA, Java) and/or databases (SQL, IBM Cognos Planning Analytics, MS Access).
• Excellent technical and analytical skills with a structured, logical, and detail-oriented approach.
• High ability to understand both technical and functional dependencies.
• Open-minded, proactive, well-organised, self-motivated, and a strong team player with high intercultural competency and willingness to travel internationally.
• Fluent in written and verbal English; additional languages are a plus.

Accurate rate and reserve analysis for property and casualty clients depends on the Actuarial Consultant, who performs reserve analyses, class plan analyses, rate level indications, and regulatory filing support across commercial and personal lines. Based within a P&C consulting environment, the Actuarial Consultant supports client outcomes through competitive research, tech reviews, and preparation of interrogatory responses that keep filings compliant and on schedule.

Functions

• Perform reserve analyses, class plan analyses, and rate level indications for property and casualty commercial and personal lines clients.
• Prepare supporting exhibits for rate/rule filings, including explanatory language, return on equity exhibits, and actuarial transmittals across most P&C lines of business.
• Perform tech reviews of formulas and data entry.
• Perform competitive research.
• Prepare rate/rule interrogatory responses.

Professional Experience

• BS/BA degree from an accredited university.
• At least 1 actuarial exam passed.
• At least 1 year of experience in the Property/Casualty industry.
• General understanding of standard actuarial terms and industry coverage types.
• Knowledge of Workers' Compensation is a plus.
• Excellent Microsoft Excel, Word, and Access/SQL skills.
• Strong oral and written communication skills with the ability to think creatively and imaginatively.

As the Actuarial Consultant, this role leads experience analyses, assumption setting, and pricing model reviews for protection products in the UK market, working directly with the Head of Pricing and Head of Product. The actuarial pricing team relies on this work to maintain sound underwriting assumptions, complete product approval documentation, and support ongoing product management and regulatory compliance.

Accountabilities

• Own and review spreadsheets and modelling calculations in the actuarial pricing team.
• Provide technical expertise and consultation on modelling problems.
• Work closely with the Head of Pricing and Head of Product to deliver satisfactory outcomes.
• Review actuarial and underwriting assumptions in pricing models and monitor experience in the existing book.
• Lead experience analyses, assumption setting, market research, and pricing analyses.
• Manage and complete numerical components of product approval documentation in conjunction with stakeholders.
• Collaborate with other functions in the business to support ongoing product management, monitoring, and reporting responsibilities.

Background & Experience

• Bachelor's degree in Actuarial Science.
• Fellow of the Institute and Faculty of Actuaries.
• Experience in the UK protection market with a strong commercial and strategic mindset.
• Strong technical background in MS Office, especially Excel VBA.
• Experience with Python, Alteryx, SQL, and Access.
• Strong problem-solving skills with the ability to source and collate data, draw conclusions, and present findings to diverse stakeholders.
• Strong communication skills, high attention to detail, ability to take ownership of deliverables, and ability to work under pressure.

Actuarial Consultant delivers complex Medicare risk score quantification, vendor ROI analyses, and executive-level presentations that support revenue integrity and care quality improvement for a health plan. The work directly supports cross-functional teams in systems, operations, and leadership by identifying problems, recommending solutions, and communicating data-driven insights that strengthen Medicare program performance.

Activities

• Quantify and project risk scores and revenue for the Medicare line of business.
• Serve as subject matter expert for Medicare regulations, procedures, and requirements.
• Conduct complex actuarial analyses to assess risk scores and create data-driven solutions for capturing risk and improving the quality of care.
• Perform vendor return on investment analyses and develop and execute work plans in collaboration with multiple teams.
• Identify systems and operational problems and recommend solutions to streamline procedures for more effective reporting.
• Present and explain results, including root cause analyses, to executive leadership.

Minimum Qualifications

• Bachelor's degree in a technical or quantitative field (GPA 3.0+) or equivalent experience; ASA preferred.
• Minimum 6 years of experience in the health insurance industry, with Medicare or Commercial Risk Adjustment experience.
• Programming knowledge required (any language; sample code required).
• Proficient in Microsoft Excel, SAS, and VBA.
• Excellent interpersonal, verbal, written, and presentation skills, especially for communicating complex technical information to non-technical audiences.
• Independent, proactive problem solver with patience for large-scale problems.

The Actuarial Consultant owns Individual Solutions product pricing, including creation of pricing models on Stat, GAAP, Capital, and Economic Value bases, drafting of policy forms, and preparation of actuarial supporting documents for state and SEC filings. Working across corporate committees, administration, illustration, and marketing system teams, the Actuarial Consultant enables profitable, compliant product launches that meet evolving market and regulatory demands.

Operational Focus

• Provide leadership, analysis, and decision-making relative to Individual Solutions product development, balancing sales growth, market needs, regulatory constraints, and profitability.
• Create and oversee product pricing models to provide results on a Stat, GAAP, Capital, or Economic Value basis.
• Draft policy forms for products and riders, accounting for state and SEC regulatory requirements and risk mitigation.
• Participate in the preparation of actuarial supporting documents for state and SEC filings.
• Provide product expertise through participation in system development and testing for administration, illustration, and marketing systems.
• Represent Individual Solutions on one or more corporate committees.

Education & Experience

• ASA designation or commitment to attain ASA and continue toward FSA.
• Strong analytical, research, and creative problem-solving skills with working knowledge of insurance pricing principles applicable to a wide range of new products.
• Understanding of financial reporting, reserves, and capital, with the ability to perform model validation.
• Thorough understanding of product risks and risk mitigation options.
• Expertise with Prophet or other actuarial modeling systems.
• Experience with Excel, VBA, and R.
• Excellent verbal and written communication skills.
• Demonstrated leadership experience with the ability to act independently and adapt to a rapidly changing environment.

Embedded within a healthcare actuarial consulting practice, the Actuarial Consultant advances client implementations of the StepWise automated rating and pricing system while advising on underwriting, actuarial, and financial projects. Working closely with senior consultants and serving as the primary client contact post-implementation, the Actuarial Consultant produces analyses and solutions that help clients meet project deadlines and strategic business expectations.

Role Responsibilities

• Work with clients on requirements gathering, system design, configuration, and implementation of the StepWise automated rating and pricing system.
• Advise clients on Underwriting, Actuarial, and financial projects, and support senior consultants as appropriate.
• Use Excel and SQL-based systems to solve business problems and achieve client expectations.
• Manage a variety of issues while driving momentum on key projects and meeting multiple project deadlines with minimal supervision.
• Understand industry issues and client business contexts; act as the main point of contact during and after project implementation.
• Communicate clearly and tailor language to the audience, establishing trust and credibility at all levels of the organization.

Knowledge, Skills & Abilities

• Undergraduate degree in a quantitative discipline or equivalent experience.
• Passing of actuarial exams or ASA/FSA preferred.
• 1+ years of Actuarial and/or Underwriting experience in the healthcare industry on commercial and/or group business lines.
• Proficiency in Microsoft Excel, including complex formulas and macros.
• Proficiency in SQL query writing.
• Experience with rating systems as a consultant, super user, or technical design/implementation SME.
• Experience with StepWise Suite, user interface design, and/or workflow design is a plus.

Reporting to senior consulting colleagues, the Actuarial Consultant develops financial projections, manages carrier selection and plan design optimization, and leads benefit strategy engagements for employer health benefit clients. Partnering with analysts, senior team members, and vendor partners, the Actuarial Consultant produces actuarial and quantitative analyses that help employers control costs and meet their workforce benefit objectives.

Day-to-Day Responsibilities

• Manage client projects focused on employers' health benefits strategies, including financial projections, carrier selection, plan design optimization, contribution setting, IBNP valuations, benchmarking, and renewal negotiations.
• Create deliverables and provide direction to analysts and associates, serving as a primary financial client contact.
• Present deliverables to clients in partnership with senior team members.
• Perform basic to moderately complex actuarial and quantitative analyses to assess and calculate costs, rates, risks, and trends.
• Analyze vendor renewals and plan experience, estimate plan costs, and develop employee contribution strategies to meet employer cost objectives.
• Consistently progress toward actuarial designation.

Scope of Work

• BA/BS in Actuarial Science, Math, Statistics, Finance, Economics, or related field.
• ASA credential preferred.
• 7+ years of experience in a consulting and actuarial field.
• Strong analytical skills (quantitative and qualitative).
• Working knowledge of Microsoft Office (Word, Excel, PowerPoint).
• Proven project management, creative problem-solving, and multitasking skills with the ability to work under tight deadlines and changing client needs.
• Capable of performing data analysis, including review of claims and utilization data.
• Ability to lead and partner with teams to deliver project objectives.

Senior Actuarial Consultant refines strategic and day-to-day advice for trustee and corporate clients on UK defined benefit pension schemes, including sense-checking colleagues' outputs and managing project distribution with minimal senior oversight. The work directly supports junior colleague development, business development activity, and the delivery of compliant, client-tailored pension advice that sustains long-term client relationships.

Strategic Responsibilities

• Lead preparation and delivery of day-to-day and strategic advice tailored to clients' needs.
• Provide an informed view on current pension topics and tailor advice to specific client circumstances.
• Check and review work, including reasonableness and sense-checking of colleagues' outputs.
• Support the development of more junior colleagues and manage project distribution with minimal supervision from senior colleagues.
• Participate in setting and negotiating fees with senior colleagues.
• Be involved in new business prospect activity and people management responsibilities.

Qualifications & Experience

• Significant experience working with trustees and/or corporates on DB pensions within an actuarial consultancy role; full study support provided by Mercer.
• Strong understanding of actuarial approaches for pensions.
• Strong awareness of current UK pension issues, actuarial approaches for pensions, and how UK pension schemes operate.
• Excellent analytical, numerical, critical thinking, and communication skills.
• Proven ability to manage projects, build relationships with colleagues and clients, and distribute work to junior colleagues with minimal senior supervision.
• Demonstrated business acumen, adaptability, a desire to be client-facing, and excellent planning and organisational abilities.

The Actuarial Consultant develops and maintains pricing models and price monitoring tools across all lines of business, applying actuarial concepts to diverse product lines to support underwriting and management decision-making. Working with Underwriting and Information Management teams and reporting to actuarial leadership, the Actuarial Consultant delivers quarterly management exhibits and profitability analyses that guide strategic business choices.

Job Functions

• Maintain and update existing pricing models and assist in the development of new pricing models and tools.
• Perform price monitoring calculations, analysis, and reporting across all lines of business, and develop and improve price monitoring tools and processes.
• Perform analysis and prepare exhibits for quarterly management meetings.
• Work with Underwriting and Information Management to develop reports and analytics to support business decisions.
• Evaluate existing businesses to identify the profitability of underlying segments.
• Apply actuarial concepts to unique and diverse product lines and assist with ad hoc projects as needed.

Technical Qualifications

• Bachelor's degree in Mathematics or Actuarial Science.
• Completion of 1-4 actuarial exams and actively pursuing designation.
• Strong working knowledge of Microsoft Office products, including Excel and Access.
• Strong planning, organizational, and time management skills with the ability to multi-task and present information effectively to non-actuaries.
• Strong communication skills across multiple platforms; attention to detail and ability to make informed decisions under pressure.
• Excellent customer service skills.
• Demonstrated success with mathematical concepts such as probability and statistical inference.
• Flexibility and ability to work in a team environment.

Sitting at the intersection of actuarial analysis and health data science, the Actuarial Consultant oversees complex data program design and quantitative studies on pricing, utilization, and healthcare costs using SDOH and real-world data. Operating across client engagements and internal project coordination, the Actuarial Consultant communicates analytical results with a high degree of accuracy, enabling clients to make better-informed strategic decisions.

What You'll Do

• Design and run complex data programs and perform quantitative analysis of actuarial, financial, and utilization data.
• Develop, prepare, and conduct studies on pricing, utilization, and health care costs.
• Leverage SDOH and real-world data to solve business problems and build client reports.
• Assist with project scheduling and coordination, and develop strategic working relationships with clients and coworkers.
• Communicate with clients regarding the results of actuarial analytics, maintaining a high degree of accuracy and attention to detail.

Position Requirements

• Undergraduate degree with completion of at least 2 actuarial exams.
• Predictive Analytics exam completion preferred.
• 2+ years of actuarial experience.
• Intermediate proficiency in SAS, SQL, R, or other programming languages.
• Intermediate proficiency in MS Excel (charts, graphs, pivots, lookup formulas).
• Experience with Tableau and Python preferred.
• Degree, work experience, or strong interest in statistics and machine learning.
• Experience in the healthcare industry preferred.

The Group Life reserve valuation and financial reporting function is sustained by the Actuarial Consultant, who performs GAAP loss recognition testing, liability projections for Statutory asset adequacy analysis, and reserve assumption updates for Group Life products. Serving as a partner to the CFO and key business stakeholders, the Actuarial Consultant explains reserve variances and earnings analysis in ways that inform sound financial decision-making.

Performance Expectations

• Perform reserve valuation and financial reporting for Group Life products.
• Explain reserve variances and earnings analysis to the line of business.
• Perform new business and enforce reserve assumption updates and testing.
• Perform GAAP loss recognition testing of Group Life products and liability projections for Statutory asset adequacy analysis.
• Create, maintain, and recertify all process documentation.
• Partner with the CFO and other business partners to discuss reserve variation.

Qualifications & Experience

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Accounting, Finance, or related field; 3+ actuarial exams passed is a plus.
• Must have passed at least 2 actuarial exams.
• 1+ years of experience in reporting, analytics, accounting, or modeling.
• Reserve valuation or financial reporting experience preferred; financial services industry experience is a plus.
• Proficient in SQL and VBA.
• Experience with PolySystems is a plus.
• Strong analytical skills with high attention to detail and accuracy.
• Strong verbal and written communication skills with the ability to build partnerships and foster teamwork.

Reporting to senior actuarial leadership, the Actuarial Consultant prepares and submits commercial rate filings across small group ACA, large group, and other lines while developing quarterly rate recommendations for internal business leaders. Partnering with market strategy and non-actuarial business partners, the Actuarial Consultant guides competitive analysis and actuarial studies that position the organization to respond effectively to market conditions.

Areas of Ownership

• Prepare and submit commercial rate filings, including small group ACA, large group (51+), and others.
• Develop and present sound rate recommendations to internal business leaders quarterly.
• Assist in the development of financial forecasts and projections.
• Provide input on market strategy, including competitive analyses and ad hoc actuarial studies.
• Become a trusted resource to business leaders and non-actuarial partners.

Skills & Qualifications

• FSA or ASA designation, or actively taking exams and near ASA.
• 3+ years of actuarial experience.
• Previous health rate filing and/or pricing expertise with experience presenting actuarial model results to internal and external stakeholders.
• Advanced or higher proficiency in MS Excel.
• Basic proficiency in VBA, MS Access, SQL, and/or SAS.
• Proven analytical, organizational, and problem-solving skills.
• Demonstrated ability to communicate effectively in written and verbal forms.

Actuarial Consultant leads client engagements on defined benefit pension plan administration, including gain/loss analysis, assumption reviews, valuation report review, and special projects such as plan terminations, lump sum windows, and multi-year projections. Success in the position means serving as the primary client contact, mentoring actuarial analysts, and ensuring technical accuracy across all plan types - PPA, Non-ERISA, Church, and Government, to keep clients compliant with pension regulations.

Ownership Areas

• Review and ensure timely delivery of individual benefit calculations.
• Review client data, perform gain/loss analysis, and conduct assumption reviews.
• Review valuation reports and required reporting for both PPA and Non-ERISA/Church/Government plans.
• Lead and review special projects such as plan design, plan terminations, lump sum windows, multi-year projections, client conversions, and government forms.
• Serve as the primary client contact, independently leading client meetings, presentations, and consultations on benefit administration and pension regulations.
• Review analyst work, act as final technical reviewer for client projects, and train and mentor actuarial analysts.
• Analyze and improve internal processes and procedures and stay current on marketplace regulations and trends related to Defined Benefit pension plans.

Required Qualifications

• Bachelor's degree in Math, Actuarial Science, Statistics, Economics, or related field.
• ASA required, on track to earn EA/FSA designation.
• Proven client management skills.
• Strong presentation skills.
• Proficiency in Microsoft Excel.
• Superior analytical ability.

Embedded within a pension consulting practice, the Actuarial Consultant creates and validates actuarial valuations for funding and accounting purposes, supports pension plan administration, and collaborates in pension plan design for a diverse client base. Working closely with clients, internal colleagues, and junior team members, the Actuarial Consultant builds trusted relationships that support business growth and the profession's ongoing development.

Leadership Responsibilities

• Support, supervise, and validate the process of actuarial valuations for funding and accounting purposes.
• Participate in pension plan administration and collaborate in the design of pension plans.
• Attend meetings and draft reports, presentations, and plan materials for clients.
• Build and maintain excellent relations with clients and internal colleagues, and work to grow business with current and prospective clients.
• Act as a mentor to junior team members and contribute to internal development projects.
• Participate in ongoing professional development.

Qualifications & Experience

• University degree in Actuarial Mathematics or Actuarial Science.
• FCIA designation or actively pursuing it.
• 5-10 years of experience in pension plan consulting.
• In-depth knowledge of actuarial valuation processes, pension plan legislation, and actuarial standards of practice.
• Proficient in the Microsoft Office suite.
• A combination of excellent analytical and mathematical skills.
• A strong work ethic and very good organisational skills.
• Exceptional client focus with strong professional acumen, excellent oral and written communication skills, and ease in developing good interpersonal relationships.
• Bilingual in English and French (oral and written).
• Dedicated team player who demonstrates initiative and independence.

The Actuarial Consultant executes monthly and quarterly regulatory valuation, stress test analysis, and capital planning exercises that assess the financial condition of a life insurance company and support the Par Fund management process. Working across actuarial leadership and reporting to senior management, the Actuarial Consultant guides insights on key risk exposures and solvency requirements that enable sound capital decisions.

Key Responsibilities

• Perform and review monthly and quarterly regulatory valuation.
• Perform and review regulatory and group stress test analysis on the financial condition of the company.
• Provide insights on key risk exposures and analysis of stress capital requirements.
• Participate in the management of the Par Fund, including reviewing bonus rate sustainability and making recommendations.
• Assist with annual strategic and capital planning and Own Risk and Solvency Assessment (ORSA) exercises.
• Participate in and/or lead ad hoc work or projects.

Position Requirements

• Bachelor's degree in Actuarial Science or equivalent.
• At least 8-10 years of actuarial and life insurance experience.
• A focus on valuation and capital management.
• Good progress in actuarial professional exams.
• Good communication and stakeholder management skills.

Sitting at the intersection of actuarial pricing and regulatory compliance, the Actuarial Consultant oversees annual base rate reviews, NY DFS rate filings, and rating factor implementation for small group and individual lines of business within a health plan. Operating across Finance, Underwriting, and Product teams, the Actuarial Consultant coordinates revenue forecasting and portfolio updates that sustain the health plan's financial and membership objectives.

Core Functions

• Perform annual small group and individual base rate reviews to ensure rate adequacy.
• Present findings directly to health plan leadership and functional partners.
• Prepare and submit annual small group and individual rate filings to NY DFS, and respond to objections.
• Complete analyses and reporting to support the health plan's financial and membership objectives.
• Collaborate with Finance and Underwriting to forecast revenue and partner with Product to update the portfolio.
• Implement rates and rating factors in quoting and renewal tools, and lead projects with other analysts.

Qualifications & Experience

• Bachelor's degree with 4+ years of Healthcare Actuarial Pricing experience.
• ASA or FSA designation, or actively in the process of obtaining it.
• Advanced or higher proficiency in MS Excel.
• Proven analytical, organizational, and problem-solving skills.
• Good verbal and written communication skills.