Health Actuary Consultant at Korn Ferry US in Reston, Virginia

Job Description:

About Us

Korn Ferry is a global organizational consulting firm. We help clients synchronize strategy and talent to drive superior performance. We work with organizations to design their structures, roles, and responsibilities. We help them hire the right people to bring their strategy to life. And we advise them on how to reward, develop, and motivate their people.

Our 10,000 colleagues serve clients in more than 50 countries. We offer five core solutions:

• Organizational Strategy


• Assessment and Succession


• Talent Acquisition


• Leadership Development


• Total Rewards

Job description

Position Summary & Key Responsibilities

Senior Consultants will work on project teams with more seasoned practitioners and sales colleagues to deliver custom solutions that meet and exceed client expectations. Individuals at this level exercise judgment in understanding client issues and customizing solutions to fit. They have developed a level of presence and maturity that means they take the lead on defined aspects of a project or business development activity.

As a Korn Ferry Health Actuary Senior Consultant, you are expected to be autonomous in working up and proposing a project plan internally and then implementing it once it has been signed off. Business development is not a major accountability but there is an expectation that role holders will identify opportunities to extend or enhance a project and lead in those discussions. This position will be focused primarily on GASB 74/75 reporting initially, with the opportunity to participate in broader healthcare work such as Centers for Medicare and Medicaid Services (CMS) work, healthcare rate settings and reserving, private-sector valuation work, and other rewards and benefits related services.

The ideal candidate will be able to work cooperatively with a small team of motivated colleagues in a flexible, mostly virtual environment. They will need to lead their own OPEB projects and be comfortable signing reports for smaller clients independently. This is a client facing role where the candidate will be expected to explain the results of their analysis, with support from peers as needed. Larger and broader projects are available as the candidate develops.

Primary Responsibilities

• Deliver high quality GASB valuation work that meets expectations for timeliness, accuracy, and completeness. May also perform self-insurance claims analysis studies, review Medicare or Medicaid rate setting, calculate IBNR claim liabilities and other reserves, develop cost containment/wellness program assessment, and/or develop data analytics systems, if has the relevant experience.


• Manage a significant work-stream of valuations. Estimates complete resource planning for projects, recognizing when additional resources and/or expertise is needed and managing their involvement in the project (e.g., project onboarding and briefing).


• May be the lead consultant/account manager for smaller clients and manage client expectations and satisfaction. May interact with executives of the client in the context of projects. Support senior colleagues on larger, more complex projects potentially leading some client facing aspects of the project in an area of expertise.


• Where time permits, contribute to winning profitable business by conducting background research, proposal writing, shaping opportunities, pitch preparation and opportunity spotting in clients. Support the design or development of solutions for our clients by working as part of a client or opportunity team and leveraging the insights gained through research and analytics.


• Participate in client planning. Lead parts of sales calls/presentations in own expertise area(s) and lead related proposal writing.


• Work with and coordinate activities with colleagues across teams. Manage peers and more junior resources on projects. Provide guidance and coaching to more junior colleagues.

EDUCATION, EXPERIENCE, & OTHER QUALIFICATIONS

• Bachelor's or Master's degree from an accredited college or university in Actuarial Science or Mathematics plus several (5+) years of relevant experience in a consultancy function. Alternatively many years' relevant work experience (e.g., in a professional services or consulting firm).


• Has achieved at least the Associate of the Society of Actuaries designation and is a Member of the American Academy of Actuaries.


• Highly proficient in Microsoft Excel and proficient in Word and PowerPoint. Experience with ProVal is preferred.


• Is able to operate independently to make custom adjustments to GASB 75 calculations as needed. Is able to lead core work activities. Has an in-depth understanding of public sector clients, including current and future trends and challenges.


• Strong work ethic and a personal commitment to excellence, including the ability to balance multiple priorities and provide immediate responses to client inquiries.


• Detail-oriented and well-organized. Leverages structure and a logical approach when working through problems.


• Exceptional conceptual thinking skills in order to present complex ideas in simple, understandable explanations. Develop expertise (depth and breadth) and consulting skills i.e., client relationships, commercial impact and business insights.


• Excellent writing skills, including strong experience with analytical and report writing.


• Intellectual curiosity, along with the desire to aggressively seek new challenges


• Experience working with ASC 715/965 (FAS 106) valuations is preferred.


• Experience working with self-insured rate setting and reserving is preferred.


• Medicare MA or PD rate setting or Medicaid rate setting experience preferred.

Korn Ferry is an Equal Employment Opportunity/Affirmative Action Employer - Minority/Female/Disability/ Veteran. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or veteran status or any other characteristic protected by federal, state, or local law.

If you currently work for Korn Ferry or one of our affiliates, you must be eligible to apply for a different position within Korn Ferry to use the Careers Site. If you accept such a position, your benefits programs and Human Resources policies may change. Please consult with your HR contact for the new position concerning application eligibility, including any immigration/visa needs, benefit programs, and HR policies applicable to that position.

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