Life Actuary Consulting Manager (Multiple Locations)

at Deloitte in Chicago, Illinois, United States

Job Description

Life Actuary Consulting Manager

Deloitte Consulting’s actuarial practice is a leading advisor and implementation partner working with Individual Life and Annuity insurance companies. Our goal is to improve our clients’ organizational results and impact by focusing on their critical business challenges leveraging actuarial skills.

Work you’ll do

As a Deloitte Consulting Life Actuary Manager in the Actuarial & Insurance Solutions group you will bring unique actuarial, analytical, and data sciences perspective in a management consulting environment. Selected job functions include leading medium to large sized teams in the following activities:

+ Proactively follow current market trends across life insurance and annuity products, markets and regulations; anticipate future client needs and prepare teams accordingly

+ Redesign and modernize core business functions for life insurance clients, including new business and underwriting operations, product development, financial reporting, modeling, and related functions

+ Lead deployment of modern-day tools, technologies, data sources, & analytics in such modernization initiatives, to achieve objectives such as improved stakeholder experiences, reduced costs, and more actionable or insightful results

+ Proactively lead teams to identify, design, and deploy proprietary models, algorithms, data sets, or other assets or project accelerators

+ Provide leadership in developing internal and external eminence, research, and solution development

+ Provide subject matter expertise to consulting teams to facilitate the integration of actuarial with data science, technology, underwriting, distribution, finance, and other functions

+ Actively engage in the sales process with other senior leaders

+ Assist the Deloitte Audit Function, a separate business unit at Deloitte, providing professional actuarial assurance over the material accuracy of selected actuarial balances for selected attest clients

+ Serve as a role model advocate for recruiting, training, people development, and overall strategic planning for the practice.

The team

Actuarial & Insurance Solutions

Deloitte’s Actuarial & Insurance Solutions practice works with finance, actuarial, analytics and risk functions to help life insurance companies, property & casualty insurance companies, health plans, and healthcare providers modernize their operations and manage actuarial costs and risks. This involves helping our clients move from where they are today to where they need to be in the future. To enable our success, we use data and insights to inform better ways of managing risk.

With over 250 credentialed actuaries in the U.S., our A&IS practice is one of the largest in the world. We are recognized as a leader in providing comprehensive, high-quality actuarial consulting, advanced analytics, and risk management services to our clients.



+ Bachelor’s degree

+ 6+ years of Life Actuary experience

+ Successfully passed 5 actuarial exams

+ Limited immigration sponsorship may be available

+ Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve


The ideal candidate will have a meaningful set of knowledge and experience across a subset of the following dimensions for individual life insurance and annuities:

+ Product development, including product design, pricing, filing and implementation, ideally across multiple distribution channels

+ Development of experience studies for core life actuarial assumptions, such as lapse, mortality, expenses, etc.

+ Assumption setting for multiple purposes spanning pricing, forecasting, financial reporting and /or embedded value

+ Actuarial projections models for multiple purposes spanning pricing, financial planning, ALM, and financial reporting

+ Financial reporting across a subset of the relevant accounting methodologies (statutory, US GAAP, IFRS, tax) for a subset of the full range of individual life insurance and annuity products

+ Mergers and acquisitions, including understanding of purchase accounting

+ Demonstrated ability to create followship among staff as an admired leader

+ Self-motivation to achieve the ASA or FSA designation, with demonstrated, consistent progress

+ Demonstrated ability and confidence to lead medium to large sized teams

Information for applicants with a need for accommodation:

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $131,175 to $218,625.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

#HC24 #OT24

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

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Job Posting: JC252796109

Posted On: Dec 21, 2023

Updated On: Apr 08, 2024

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