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Intern

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Health

Pensions

Reporting

Risk

Systems

Modelling

Coding

Pricing

Valuation

Consulting

Excel

DescriptionThe RoleAs an Actuarial Consultant on the Retirement team, you will apply your consulting, technical, and project management skills in the areas of retirement plan valuations, design, compliance, and risk and financial management for all types of retirement plans including defined benefit, defined contribution, and retiree medical.You will participate on teams that help organizations of varying sizes align their retirement programs to their company objectives.In this role at WTW you will:<ul><li>Serve as a key resource on your teams reviewing necessary calculations and actuarial analysis on a wide variety of routine and special retirement projects</li><li>Support your client teams with project management, day-to-day client contact, and problem resolution</li><li>Support your client teams’ lead consultants through the planning and execution of your clients' overarching retirement benefits strategy</li><li>Engage with clients by participating in meetings and presentations and drafting other deliverables</li><li>Act as a mentor or people manager for junior team members</li><li>Work with a variety of colleagues and clients gaining exposure to different work styles</li><li>Partner with other WTW lines of business to craft solutions</li><li>Learn about WTW career paths to ensure you can progress within the company based on your own skills and interests</li><li>Have robust learning and development opportunities including formal and on-the-job trainings, and mentorship programs</li></ul>We trust our colleagues to work in a variety of settings. This role can be remote, hybrid, or onsite within the posted locations (Detroit and Grand Rapids, MI).QualificationsThe Requirements<ul><li>Bachelor’s degree in math, actuarial science, economics, finance, or related field</li><li>4+ years pension-related work experience</li><li>Progress towards actuarial credentials required (ASA, EA, or FSA preferred)</li><li>Strong critical thinking and problem-solving skills</li><li>Excellent oral and written communication skills</li><li>Aptitude to balance and prioritize multiple projects in a fast-paced work environment</li><li>Expert Microsoft Office skills, particularly in Excel</li></ul>

Deloitte Consulting's Human Capital practice is a leading global advisor and implementation partner working with companies, governments, and organizations around the world. Our goal is to improve our clients' organizational results and impact by focusing on challenges at the intersection of business and people. Recruiting for this role ends on 2/5/25.Work you'll doAs a Deloitte Consulting Health Actuary Manager in the Insurance practice of Deloitte's Human Capital group, you will assist Deloitte Managers, Senior Managers, and Partners in providing strategic and technical consulting services to health plans, providers, Federal and State governments, and PBMs.At Deloitte, you can be a part of the transformation of the health care sector. Deloitte's health actuaries are participating in the development of evidence-based medicine and the transition of payments from paying for what is done to paying for the value provided.These types of problems require actuaries who are not only technically strong but also can be innovative, capable of addressing ill-defined, complex problems, and have a business orientation.Other responsibilities include:<ul><li>Lead a team creating a model to value the impact of health care reform on a health plan client</li><li>Review trend forecasting and predictive modeling tools</li><li>Assist clients to define underwriting policies to reduce selection</li><li>Price alternative plan designs and define product strategy</li><li>Identify strategies to reduce enterprise costs</li><li>Review reserves in support of Deloitte & Touche audits of health care liabilities</li><li>Communicate ROI for medical management and other health plan initiatives to senior level clients and Deloitte leadership</li><li>Prepare and present client presentations and reports</li><li>Conduct other Manager level health actuarial consulting activities, as required</li></ul>The teamActuarial & Insurance SolutionsDeloitte's Actuarial & Insurance Solutions practice works with finance, actuarial, 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.QualificationsRequired:<ul><li>Bachelor's degree</li><li>6+ years of Health Actuary experience</li><li>Successfully passed 5 actuarial exams</li><li>Limited immigration sponsorship may be available</li><li>Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve</li></ul>Preferred:<ul><li>6+ years of consulting and/or health plan/insurance company experience</li><li>Experience managing staff and leading medium to large sized teams</li><li>ASA with progression to FSA, FSA, or career ASA designation</li><li>Experience with one or more of the following areas:</li><li>Product design and/or product strategy</li><li>Reimbursement models - including value-based care/ACO modeling</li><li>Risk adjustment mechanisms</li><li>Familiarity with group insurance products including disability, long term care, etc.</li><li>Merger and Acquisition experience</li><li>Health care reform with working knowledge of the individual medical and small group markets and/or state Medicaid programs</li><li>Strong client presence with project management, presentation, and facilitation skills</li><li>Ability to succeed in team-based or independent environments</li><li>Well-organized with the ability to handle several projects/clients simultaneously</li><li>Strong oral and written communication skills</li><li>Ability to create and manage client relationships and develop business</li><li>Dedicated work ethic with a commitment to client service excellence</li></ul>

Create a career that goes in the direction you choose. Get to know opportunity.The BusinessJoin one of the fastest growing areas of our retirement business! As an Analyst within the Actuarial Delivery Center, you will contribute, as part of a team, to a range of retirement valuation, accounting and special projects.You will have the opportunity to develop a deep knowledge of retirement plans, employ the most cutting-edge tools and resources to complete required projects, and enhance your project management skills.The ADG is a group of colleagues within the North American Retirement Line of Business who focus on operational excellence and systems expertise.As integrated members of client teams in a variety of offices, they provide high quality and efficient work for Defined Benefit, Defined Contribution and post retirement plans served by the Retirement teams.Work performed by ADG colleagues includes annual actuarial funding and accounting valuations, corporate reporting and disclosure government forms and a wide range of special projects.Actuarial credentials are not required for colleagues in the ADG and as a result, ADG Colleagues are not eligible for the exam program.Love your work. Partner with team members on the following performance objectives:<ul><li>Prepare actuarial valuations and reports in conjunction with consulting colleagues with minimal supervision on standard assignments</li><li>Complete analysis and reconciliation of plan participant data and plan assets</li><li>Prepare government reporting forms and annual employee benefit statements</li><li>Complete other special projects related to plans such as cost and contribution forecasting, experience studies and plan design studies</li><li>Respond to all requests and communications effectively and efficiently</li><li>Work with project managers and client team leaders to ensure that each project is completed on time and meets professional excellence standards</li><li>Manage and prioritize own workload efficiently to fulfill commitments in a timely manner</li><li>Contribute to profitability by completing budget spreadsheets, monitoring own time spent on project, seeking ways to enhance efficiency and maintaining accurate time records</li><li>Work independently and utilize available resources to develop technical skills, asking for assistance when required</li><li>Participate in the ADG community of colleagues as a team player, helping where needed, supporting the development of others and sharing new ideas</li><li>Participate and actively engage in training sessions.</li></ul>About you.<ul><li>Bachelor’s Degree required, with heavy quantitative emphasis—such as majors in Actuarial Science, Mathematics, and Statistics</li><li>We are looking for candidates who are not interested in writing future actuarial exams</li><li>Advanced proficiency in Microsoft Office (Word, Excel and PowerPoint), experience with a programming language (like Visual Basic) is helpful</li><li>Proven analytical skills and mathematical aptitude</li><li>Detail oriented</li><li>Ability to ask the right questions and seek help where appropriate, good problem-solving ability</li><li>Sense of accountability; owning one’s work and taking pride in it</li><li>Ability to organize, set priorities, work independently and complete multiple projects within established deadlines</li><li>Strong written and verbal communication skills and a demonstrated ability to interact with colleagues at all levels</li><li>Strong client service orientation</li><li>Ability to work both independently and on client teams</li><li>Previous defined benefit pension experience is a plus</li><li>Able to work legally in the United States indefinitely and without Visa sponsorship</li><li>Accepting applications from candidates that graduate with a bachelor’s or master’s degree between May 2024 through June 2025</li><li>The position is full remote/Hybrid</li></ul>Compensation and BenefitsThe base salary compensation range being offered for this role is $50,000 – $65,000 USD. This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):<ul><li>Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)</li><li>Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State or remote only)</li><li>Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).</li></ul>WTW Work Flex:At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a “hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients.We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements.US postings: EOE, including disability/vets

Create your future. Join our Retirement consulting team in providing expertise in retirement consulting to support global organizations in optimizing the effectiveness of their employee retirement. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, communicating, governing and employee management that fits their specific goals. You will also learn about all the services that Willis Towers Watson offers their clients and how they complement and enhance our retirement consulting practice.Explore an opportunity. Gain direct exposure to real client assignments and meetings which will draw on your imagination and creativity as well as your ability to analyze data, solve problems, develop solutions, and share your results. In this role, you’ll experience a balance of expanding your technical and industry knowledge and developing your problem solving and communications skills, while benefiting from working in a close-knit and supportive team environment.Learn the industry. Kickoff the internship at a multi-day session with other interns across the local region to network and learn about WTW from various leaders amongst the Retirement business. Throughout the summer, engage in a robust training program within your local office in order to enhance your understanding of basic pension consulting.Grow with mentorship. You will have close interaction and support throughout the summer from your very own Lead Retirement Consultant mentor. This consultant will work with you on client assignments, give you an inside look at how the business works, and advise you on future career growth.Work towards becoming a credentialed actuary. Accepted applicants will be eligible for a comprehensive actuarial exam study program, including paid study hours and exam coaching to assist in attaining an accredited actuarial designation.Love your work. You will partner with consultants to provide technical actuarial and consulting support on projects like:<ul><li>Designing, funding, pricing, and the implementation and management of retirement programs</li><li>Preparing and assistance with the delivery of client presentations and communications</li><li>Competitive benchmarking analysis of benefit plan designs</li><li>Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers &amp; acquisitions)</li><li>Forecasting future pension plan costs</li><li>Performing annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients</li><li>Assisting with completion of plan reporting and filing requirements</li><li>Performing plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements</li><li>Analyzing de-risking options for defined benefit plans (bulk lump sums, retiree annuity purchases, plan terminations)</li></ul>About you.<ul><li>Progress towards a Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0 (Junior standing preferred; Sophomore considered with other relevant internship experience)</li><li>Successful completion of one or more actuarial exams highly preferred</li><li>Work experience that demonstrates strong technical and/or client service skills</li><li>Passion for solving problems and sharing solutions to exceed the standards of the client</li><li>Ability to be a self-starter and work independently, but also cooperatively in a close team environment</li><li>Excellent oral and written communication skills</li><li>Excellent Microsoft Office skills, particularly in Excel</li><li>Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between December 2024 through June 2026</li></ul>WTW Work Flex:At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.</a>

The RoleIn this exciting role as a Technical Leader within the Actuarial Delivery Group (ADG), you will apply your technical and project management skills in the areas of retirement plan valuations, design, compliance, and risk and financial management for all types of retirement plans including defined benefit, defined contribution, and retiree medical. Given the size and complexity of our client portfolio, you will have the opportunity to support diverse projects that help organizations align their retirement programs to their company objectives.In this role at WTW, you will:<ul><li>Perform technical review of work products and assume significant responsibility for quality assurance</li><li>Serve as a subject matter expert and provide value-added insights on retirement plan valuations, welfare plan valuations and special projects</li><li>May serve as day-to-day project lead, ensuring progress of the team against established objectives, budget, timeline, deliverables, and quality standards</li><li>Contribute to special projects such as plan design, asset/liability modelling, retirement plan risk assessment and mitigation, due diligence for mergers and acquisitions, collective bargaining agreements, global consulting, strategic workplace planning, total rewards strategies, and others</li><li>Contribute to the development of new tools and approaches</li><li>Identify opportunities to enhance quality and/or improve processes to reduce costs</li><li>Serve as a mentor or technical resource to more junior colleagues</li><li>Complete work in accordance with applicable ERISA, FASB, GASB, Department of Labor, Pension Protection Act and other Government regulations</li></ul>The Requirements<ul><li>5+ years defined benefit pension experience performing core actuarial work</li><li>Bachelor’s degree required, with heavy quantitative emphasis such as majors in mathematics, statistics or actuarial science</li><li>In-depth understanding of the funding of and accounting for defined benefit plans. Additional knowledge of other postretirement benefits is preferred</li><li>Proven ability to understand complex valuation systems and provide a detailed technical review of work projects</li><li>Excellent oral and written communication skills</li><li>Expert Microsoft Office skills, particularly in Excel</li></ul>Compensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe base salary compensation range being offered for this role is $75,000 – $120,000 USD. This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):Health and Welfare Benefits:Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&amp;D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)Leave Benefits:Paid Holidays, Annual Paid Time Off (includes paid state /local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)Retirement Benefits:Contributory pension plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

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