Actuarial Consultant Resume Sample
Work Experience
- Career Gap Analysis
- Scope of Decision Making Authority- Provide input into decision making process
- Aetna Way- Exhibit behavior that reflects Aetnas values and is in accordance with the Aetna Way
- Assumptions & Data Sources- Demonstrate understanding of existing data sources and translate into appropriate assumptions and functional business information. Identify/suggest alternatives/ improvements
- Programs, Policies & Processes- Demonstrate understanding of intradepartmental products, programs, processes and policies; identify and research problems and issues
- Regulatory Issues- Demonstrate understanding of regulatory compliance issues
- Risk Assessment- Work with supervisor to understand the nature of specific risks. Share results of analysis with management
- Analyze claim data and monitor reserve levels for appropriateness. Demonstrate understanding of actuarial reserving techniques and issues
- Planning & Forecasting- Provide technical support and analysis for planning, forecasting and reporting process
- Technical Proficiency: Develop creative technical solutions to a variety of problems. Demonstrate spreadsheeting proficiency and familiarity with database and web-based applications. - Development & Implementation- Develop and implement appropriate tools and models
- Maintenance & Enhancements- Recommend, implement and oversee maintenance development of enhancements to processes, tools and systems. Make suggestions to maximize efficiency
- Provide technical support in the analysis of reserve levels
- Work with supervisor to understand the nature of specific risks. Analyze data and present preliminary conclusions to supervisors
- Use of Technology- Develop creative technical solutions to a variety of problems. Demonstrate proficiency in working with spreadsheets and familiarity with database applications. Very strong MS Excel skills are essential, including ability to write new and debug existing Macros
- Development & Implementation- Develop and implement appropriate tools and models
- Maintenance & Enhancements- Maintain and develop enhancements to processes, tools and systems. Make suggestions to maximize efficiency
- Verbal & Written Communication- Respond to routine inquiries in an accurate and timely manner. Create and maintain accurate documentation and help develop training materials for tools and processes
- Take ownership of assigned projects and/or models/tools. Raise issues and propose suggestions as appropriate
- Provide input into decision making process
- Develop assumptions and input into models
- Demonstrate fundamental understanding of intradepartmental products, programs, processes and policies; research problems and issues
- Demonstrate fundamental understanding of regulatory compliance issues
- Develop fundamental understanding of specific risks
- Planning & Forecasting- Provide technical support for planning, forecasting and reporting process
- Pricing, Trend & Benefit Design- Support pricing and trend analysis function
- Develop creative technical solutions to a variety of problems. Demonstrate spreadsheeting proficiency and familiarity with database and web-based applications
Education
Professional Skills
- Excellent communications skills; ability to communicate effectively both orally and in writing
- Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNAN’s internal and external business partners
- Experience with programming skills using C#/C++ or Java with parallel computation
- Strong communication skills, including client consulting, presentations, and publications
- Strong technical skills including Excel (SAS or SQL would be helpful, but not required.)
- Strong financial analysis, reasoning, and analytic skills
- Strong computer skills – including Excel and Word
How to write Actuarial Consultant Resume
Actuarial Consultant role is responsible for programming, microsoft, access, analytical, excel, software, java, training, database, finance.
To write great resume for actuarial consultant job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Actuarial Consultant Resume
The section contact information is important in your actuarial consultant resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Actuarial Consultant Resume
The section work experience is an essential part of your actuarial consultant resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous actuarial consultant responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular actuarial consultant position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Actuarial Consultant resume experience can include:
- Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA?s internal and external business partners
- Strong oral and written communication skills with an ability to deliver formal presentations
- Strong interpersonal and communication skills; able to document complex issues, methodologies, and resolutions such that others can readily understand them
- Excellent verbal and written communication skills with ability to communicate complex information to non-technical audiences
- Self-starter and team player with strong communication skills
- Strong interpersonal skills and the ability to quickly build credibility and gain confidence in individuals at all levels
Education on an Actuarial Consultant Resume
Make sure to make education a priority on your actuarial consultant resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your actuarial consultant experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Actuarial Consultant Resume
When listing skills on your actuarial consultant resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical actuarial consultant skills:
- Demonstrates strong organizational and time-management skills
- Effectively prioritize tasks among competing deadlines
- Good computer skills (Excel, Access, Visual Basis, C++ or other programming languages)
- Strong verbal and written communication skills, particularly on technical matters, is desired
- Strong communication, analytical, mathematical, and communication skills
- Experience working in a corporate environment, including experience collecting, analyzing, and summarizing qualitative/quantitative data
List of Typical Experience For an Actuarial Consultant Resume
Experience For Senior Actuarial Consultant Resume
- Understand and effectively communicate client issues, project implications, and potential solutions
- Effectively manage project staff, budgets, and deadlines
- MS Excel, MS Access and MS VBA skills
- Exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews
- Demonstrates strong systems and technical expertise
- Able to work effectively both independently and as a team player
Experience For Actuarial Consultant, Optum Trend Analytics Resume
- Solid knowledge of Microsoft Office Suite, SAS, R and other business-related software systems, including processing systems and applications
- Retirement plan actuarial experience within a consulting environment
- Adaptability and the capability of multi-tasking with strong time management
- Experience using SAS, EMBLEM or SQL
- Ten years of relevant retiree medical consulting experience
- Ten years of relevant multiemployer plan consulting experience
- Prepare and validate revised rates for loading into production
- Operates as the highest-level actuarial consultant by leading the preparation and interpretation of data and related formulae
Experience For Lead Actuarial Consultant Resume
- Experience presenting material to peers and clients
- Develop effective relationships with key contacts in underwriting, product development, Reinsurance administration, treaties, claims, and IT
- Financial reporting and analysis experience in Insurance or Financial Services
- Organize, set priorities, and complete multiple projects within established deadlines
- Project management and staff management experience
- Perform mathematical analyses, actuarial modeling, and book of business experience studies
Experience For Client Actuarial Consultant Resume
- Train less experienced team members and act as team resource
- Creative thinker with the ability to prioritize and manage multiple tasks
- Experience with user interface design and/or workflow design automation
- Successful client communication experience
- Reinsurance optimisation experience an advantage
- ) of experience with SQL (Structured Query Language), SAS (Statistical Analysis System), and/or VBA (Visual Basic for Applications)
- Experience with Access, VBA, SQL (Structured Query Language), and SAS
- Actuarial experience
Experience For H&B Actuarial Consultant Resume
- Previous experience with national and/or large group accounts
- Demonstrated progress towards attainment of actuarial designations (ASA, FSA)
- Experience with user interface design and/or workflow design
- Relevant experience, preferably in healthcare
- Previous experience in actuarial analysis required, preferably in a Managed Healthcare environment
Experience For Actuarial Consultant, Global Market Risk Resume
- Prototyping IFRS models for the purpose of (billable) pre-sales activity using Prophet
- Pricing of Health and Welfare Benefits
- Training consultants on the various uses and capabilities of the tool suite
- Working towards running your own client portfolio as your career progresses
- Moving towards a support consultant role as your career progresses
- Performing moderate to complex actuarial calculations and actuarial studies
Experience For Actuarial Consultant, Reinurance Resume
- Perform post-sales pricing related functions, such as creating individual cost listing, analyzing price variance, handling amendment calculations, etc
- Supervise and review client projects such as retiree medical valuations for funding and accounting purposes, plan design, modeling and forecasting, etc
- Assist in the preparation of quarterly medical trend forecast that is used for pricing new plans, calculating reserves, and financial forecasting
- Deliver coding on implementation projects as well as constructing and executing test plans for the actuarial models
- Assist clients in meeting filing requirements for various governmental agencies, including PBGC, IRS and DOL
- Trend Tracking- Gather and analyze data to identify emerging cost trends
Experience For Actuarial Consultant, Senior Associate Resume
- Define test plans and execute testing at various levels during customer projects as required
- Deliver quality documentation for coding and testing completed
- Provides data reporting, analysis, trending, and recommendations to business management and ensures data integrity, format, collection and presentation
- Hands-on programming / technical / modeling abilities
- Support National Accounts, including Underwriting and Sales, on a range of actuarial issues
Experience For Mercer, Senior Actuarial Consultant Resume
- Perform compliance testing including nondiscrimination tests
- Assist clients with the preparation of projections used in setting budgets and other planning activities
- Participate in testing of changes to processes, tools, and systems
- Apply area of expertise relative to client engagements and perpetually build knowledge base and thus strengthening area of expertis
- Gain facility with legacy programming structures and languages in current use
- Claim Initiatives ~Support claim and legal practices in finding opportunities for process improvements
- Business Influence ~ Impact on business profitability with each scientific advancement that speeds up the recognition of new claim and underwriting trends
Experience For Senior Actuarial Consultant, Claims Analytics Resume
- Produce any required annual reporting and regulatory filings related to LTC rate increases
- Develop pricing financial metrics and present reports to Management
- Join the team of SMEs assisting in the implementation of the actuarial code provided with Prophet libraries
- Develop code during customer projects as required
- Development and maintenance of client training material as required
- Provides complex data analysis and trending and provides observations and recommendations for review by management
- Review work of peers and provide training to junior analysts
- Thorough knowledge and understanding of retiree medical plan design and administration
List of Typical Skills For an Actuarial Consultant Resume
Skills For Senior Actuarial Consultant Resume
- Actuarial experience including experience collecting, analyzing and summarizing qualitative/quantitative data
- Strong understanding of accounting principles and solid understanding of financial reporting
- Proven London Market and/or major insurance company experience with detailed knowledge of actuarial pricing techniques
- Apply analytical skills, research problems togenerate a solution, present preliminary conclusions
- Become adept at using various tools, processes and systems used to support effective planning and forecasting
- Work experience collecting, analyzing and summarizing qualitative / quantitative data analytics
- Experience programming and/or developing programs in SAS
Skills For Actuarial Consultant, Optum Trend Analytics Resume
- Experience developing financial models in Excel, using VBA and XML
- Experience programming and/or developing tools in SAS, SQL and or VBA
- Experience working in the health care industry, specifically with health benefits consulting or strategy for large group ASO accounts
- Experience on ALM, Economic Capital, Pension modelling and Embedded Values is much appreciated although not excluding
- Demonstrated competency working with large data sets in a healthcare setting
- Good understanding of insurance related models (ROE, cat modeling, etc.)
- Excellent understanding of computers, programming, Excel spreadsheets, Word and database software
Skills For Lead Actuarial Consultant Resume
- Develop and maintain relationships withunderwriters and other business stakeholders to support effective pricing
- Actuarial experience including at least 1 year as a healthcare actuary
- Pension related work experience (preferably in a consulting environment )
- Experience analyzing Medicare/Medicaid claims data
- Intermediate experience programming in SQL and/or SAS
- Experience working in the Defined Benefits business area
- Experience working in a corporate environment in a quantitative capacity
Skills For Client Actuarial Consultant Resume
- Experience working in the healthcare industry on commercial and/or group business lines
- Experience working with the StepWise Suite
- Experience working in a corporate environment in a quantitative capacity
- Absorb new concepts quickly, work and think independently, and demonstrate key problem-solving ability
- Pension related work experience preferably in a consulting environment
- Demonstrate independent decision-making capability
- APL programming experience
- Experience writing Macros
Skills For H&B Actuarial Consultant Resume
- Previous experience in Prophet modeling and/or consultancy are desirable
- Pension Risk Transfer pricing experience is required
- Proficiency with Microsoft Access and Excel; programming experience helpful
- Solid understanding of regulatory environment
- Experience working with data and analytics
- Experience with public plans
- Experience with health and welfare multiemployer plans
- Exposure to or direct experience rate filings
- Actuarial work experience (preferably in the healthcare but open to other industries)
Skills For Actuarial Consultant, Global Market Risk Resume
- Experience in SAS, SQL and/or Access
- Working knowledge of underwriting and accounting concepts
- Understanding of various fixed income instruments, including fixed income derivatives
- Passing of Actuarial exams or having achieved ASA / FSA
- Passing of Actuarial exams or having achieved ASA/FSA
Skills For Actuarial Consultant, Reinurance Resume
- Working knowledge of quantitative analysis
- Provide technical support and analysis for planning, forecasting and reporting process
- Participate in the development of pricing strategies and new pricing tools with focus of driving profitability for a product line or segment
- Analytics ~ Enhance claim and reserving models and monitoring dashboards to value new trends and potentially changing claims or business quality
- Profit testing, projections, provisions, actuarial valuations, asset and liability modeling, stochastic modeling and risk management
- Develop knowledge of product suite, technicalpricing approach and pricing strategy over time
- Expertise in working with MS Excel including formulas, calculations, charts, graphs, etc
- Expertise in quantitative and analytical problem-solving and/or modeling methodologies and their applications to research questions
Skills For Actuarial Consultant, Senior Associate Resume
- Advanced level of proficiency with SQL, including SQL query writing
- Knowledge of pharmacy benefits underwriting, contracting, and financial management processes
- Perform risk consulting and brokerage analytic tasks related to risk financing strategy, cost, and structure
- Maintain a commercial outlook as well as a technical curiosity to identify challenges or opportunities from a pricing perspective
- Create and maintain accurate documentation and help develop training materials for tools and processes
- Develop and recommend pricing and trend for product and/or services
- Other ad hoc projects supporting the Individual Life segment on as needed basis
- Provides monthly explanations and evaluation to financial team regarding comparisons to forecast for communication to relevant parties
- Produce accurate, timely reporting and analysis of Commercial ASC business results
Skills For Mercer, Senior Actuarial Consultant Resume
- Conduct variance analysis and provide input into monthly operating reviews
- Assist in the development of new analytic tools and processes to support evolving business needs
- Comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to a problem
- Drive results, exercise leadership and influence decision-making
- Commitment to MassMutual’s Wining Ways
- Be on the Actuarial exam track, having passed 2 or more Actuarial exams
- Previous Risk financing knowledge
- Statistical modelling and use of software tools such as SAS/@Risk/MetaRisk would be an advantage
Skills For Senior Actuarial Consultant, Claims Analytics Resume
- Expertise working with formulas, calculations, charts, and graphs in MS Excel
- Intermediate-advanced expertise working with formulas, calculations, charts, graphs in MS Excel
- Moderate programming proficiency in Python
- Actuarial and/or Underwriting foundation
- Advanced level of proficiency with Microsoft Excel, including complex formulas, calculations, macros, etc
- Apply judgement and reasoning to find areas where results are inconsistent
- Are the basis for financial statements and reporting for the line
- Lead to the development of AAT, loss recognition testing, and other financial uses
List of Typical Responsibilities For an Actuarial Consultant Resume
Responsibilities For Senior Actuarial Consultant Resume
- Work with Human Resources to recruit staff with the correct level of skills and competencies, adhering to the company’s recruitment procedures and best practices
- Manage the performance of your team ensuring staff have clear pre-set objectives and get regular feedback on their performance, ensure performance appraisals are conducted in line with the firms’ standards
- Verbal and written communication skills with non-actuarial audiences, including Underwriting, Sales, Finance, Product, Network and Medical Economics
- Fundamental actuarial skills, especially healthcare pricing
- Three (3) years of experience as an Actuarial Analyst or related role
- Able to influence decision making and actions needed
- Set pricing for fully insured customers
Responsibilities For Actuarial Consultant, Optum Trend Analytics Resume
- Promote system usage in support of Group Life, Dental and Disability products, helping to ensure adherence to Group Formula provisions and guidelines
- Make recommendations on refining current processes to enhance the quality of work and improve efficiency
- Provide direction, training, and supervision to actuarial analysts
- Build personal expertise while becoming a resource for others within the practice
- Encourage growth in other members of the team through knowledge and idea sharing
- Thorough knowledge and understanding of multiemployer pension plans
- Provide technical support, training and leadership for junior members of the Analytics team
- Join the team of SMEs assisting in the implementation of the actuarial code provided with Prophet
- Deliver testing of actuarial models production (ie. use of Prophet Enterprise)
Responsibilities For Lead Actuarial Consultant Resume
- Provide customer training to customers where required
- Close interaction with Select Product Management in support of state pricing strategies for CMP line of business
- Develop pricing methodologies and assumptions for new and innovative products
- Develop presentation materials and communicate results of actuarial analyses to various stakeholders including National Account clients
- Consultative and capable of meeting multiple project deadlines with minimal supervision
- Expertise in rating systems is highly desirable - as a consultant, super user, or technical design / implementation subject matter expert
- Assist in the technical and analytic support of brokerage, risk, and analytic consulting operations
- Follow the specific guideline for data processing and analysis
- Prepare annual funding valuations to determine required contributions under applicable laws and regulations
Responsibilities For Client Actuarial Consultant Resume
- Drive ratemaking in LTC rate filings to state insurance departments
- Passion for developing innovative solutions to clients’ problems
- Expertise in Statutory, tax, GAAP, and economic modelling
- Expert in mathematical and statistical modeling, and in data interpretation
- The ability to travel on a regular or as needed basis is required
- Perform necessary calculations or analysis on special retirement projects analyzing their impact on all of a client’s retirement plans, including assumption studies, plan design studies, plan terminations, early retirement window studies, and acquisition studies
Responsibilities For H&B Actuarial Consultant Resume
- Build strong relationships internally and with client representatives
- Develop rates for new and existing business
- Under moderate supervision, perform full life cycle of actuarial calculations and moderately complex actuarial studies
- Five or more Casualty Actuarial Exams
- Understands and applies the commonly employed techniques used to model various assumptions
- Multitask and meet all deadlines with quality product
Responsibilities For Actuarial Consultant, Global Market Risk Resume
- Visibility ~ Share findings across departments (Finance, Claims, Legal, Actuarial, Lines of Business, etc.) and drive initiatives to improve profitability. Provide the Chief Reserving Actuary and other senior leaders with actionable explanations for key drivers of changes in reserves
- Partner with the Business, Claim and Legal partners to recognize and analyze emerging trends’ impact on loss and expense reserves and loss ratios. Develop strategies around risks and opportunities identified through your work
- Lead sales by driving new business proposals and extending the range of services provided to retirement and other lines of business’ clients as appropriate; emphasis on new ongoing relationships
- Assist with the expansion of existing clients by incorporating intellectual capital generated within the business and partnering with other lines of business; routinely sell total retirement plan management (specialty groups, outsourcing, investments) assignments with clients
- Act as a mentor and coach, motivating staff to deliver a high standard of work within given timeframes and budgets thereby creating an environment that encourages both individual and team accomplishments
- Partner with local office and market leadership on establishing realistic budgets and managing write-offs
- Own ongoing development and maintenance of risk data and reporting for the SVIO block of business
- Monitor the health and risk of the Stable Value block of business and, in particular, the SVIO block of business via regular inforce (re)underwriting analysis
- Perform risk modeling of the Stable Value block of business
Responsibilities For Actuarial Consultant, Reinurance Resume
- Perform underwriting for new business opportunities for SVIO as needed
- Maintain documentation of compliance with all MAR controls. Support Internal Audit during annual MAR control audits
- Apply sound actuarial principles to all analysis and to all aspects of decision-making processes
- Develop operating plan for next year
- Provide actuarial analysis to support contract negotiations as needed
- Provide actuarial analysis to support other Institutional Solutions products as needed (e.g. Pension Buyout, GICs, etc.)
- As primary point of contact, provide support to audits, statutory exams, and regulatory inquiries as needed
- Quarterly, draft PDR Memo and Management Letter for review and signature of Chief Actuary
- Perform other related projects as needed
Responsibilities For Actuarial Consultant, Senior Associate Resume
- Analyze our book of business
- Help pick claims reserves
- Complete ad hoc studies
- Support customer level strategies
- Assisting the lead or support consultant on the delivery of strategic and day to day consulting advice that requires detailed ongoing client knowledge as well as good working relationships with key client contacts
- Performing various studies in support of development of annual Group Formula recommendations
Responsibilities For Mercer, Senior Actuarial Consultant Resume
- Provide support to National Accounts and Regional Market customer unit representatives in utilizing CALCS system which supports a large block of par customers
- Investigate any system issues that arise, working with IT support unit in resolving problems. Load various manual data sources to CALCS, make necessary updates to case attributes
- Load various manual data sources to CALCS, make necessary updates to case attributes
- Coordinate EUC Inventory and updates with department members
- Perform Ad hoc studies, as needed
- Develop business specifications in support of any system changes, recommending enhancements or establishing new procedures. Test extensively any resulting enhancements, reporting on findings
- Assemble and analyze historical LTC experience
Responsibilities For Senior Actuarial Consultant, Claims Analytics Resume
- Understand the administrative and valuation data structure. Use the Triton system to assemble the data and the assumptions to run Triton projections. Using the Triton output, develop the target premiums, claims and reserves for the rate action filings, as well as for the LTC business plans and projections
- Work with LTC product management, Contracts and regulators to achieve approval and implementation of all LTC rate action filings
- Prepares or coordinates the preparation of standard reports, as well as, special reports for management
- Facilitates communication and provides guidance to Underwriting regarding the pricing of new and/or existing business and collaborates with other functional groups (e.g. Underwriting, Claim, Finance) on actuarial issues
- Provide actuarial support to internal partners (i.e. Implementation and Global Operations) on all pricing issues. Act as a subject matter expert if asked to interface with external parties
- Collaborate with the Contract team to develop a comprehensive bid letter and term sheet for each case and contracts after the sale