Consultant/Senior Consultant Financial Engineering Modeling - Insurance

Deloitte

$84K — $126K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative field (actuarial science, statistics, mathematical finance)
  • 1-3 years of relevant experience for Consultant role; 2-5+ years for Senior Consultant
  • Strong technical skills in AXIS, Python, Excel, VBA for Life Insurance; ResQ, SAS, Python, Emblem, Excel, VBA for P&C Insurance
  • Ability to work under tight deadlines and manage multiple priorities
  • Strong verbal and written communication skills; ability to explain complex concepts simply
  • Demonstrated analytical and problem-solving skills
  • Bilingual in French and English required for client interactions

Responsibilities

  • Conduct independent validations of insurance models for both Life and P&C Insurance streams
  • Identify and assess risks in model design and usage; provide recommendations to mitigate these risks
  • Prepare Model Validation reports detailing scope, approach, results, and conclusions
  • Communicate validation results to senior leadership and model owners
  • Collaborate across teams to broaden knowledge and expertise in financial engineering
  • Engage in dynamic problem-solving for high-profile clients in the insurance sector
  • Work in a fast-paced environment with experienced professionals from quantitative finance backgrounds

Benefits

  • $4,000 per year for mental health support benefits
  • $1,300 flexible benefit spending account
  • Firm-wide closures known as 'Deloitte Days'
  • Dedicated days for learning (Development and Innovation Days)
  • Flexible work arrangements and a hybrid work structure
Full Job Description
9/9/26

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Job Type: Permanent Work Model: Hybrid Reference code: 134912 Primary Location: Montreal, QC All Available Locations: Montreal, QC

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What will your typical day look like?

Life Insurance Stream
As a Consultant, or Senior Consultant focusing on the Life Insurance practice in our Financial Engineering & Modeling team, you will:

  • Conduct independent validations of insurance models (pricing, valuation, asset, LICAT & IFRS 17) in compliance with the Model Risk Policy, standards and guidelines
  • Identify potential risks embedded in the model design and usage, and provide constructive challenges and recommendations to mitigate model risk
  • Communicate the model validation results to senior leadership and model owners, prepare a Model Validation plan/report that details the validation scope, testing approach, test results, findings and conclusion


P&C Insurance Stream
As a Consultant, or Senior Consultant focusing on the P&C Insurance practice in our Financial Engineering & Modeling team, you will:
  • Conduct independent validations of insurance models (reserving, pricing, economic capital, predictive analytics) in compliance with the Model Risk Policy, standards and guidelines
  • Identify potential risks embedded in the model design and usage, and provide constructive challenges and recommendations to mitigate model risk
  • Communicate the model validation results to senior leadership and model owners, prepare a Model Validation plan/report that details the validation scope, testing approach, test results, findings and conclusion

While this role focuses on insurance model validation, it is a very dynamic opportunity to work closely with other areas and broaden your horizon.

About the team

The Financial Engineering & Modeling team comprises of eminent bunch of subject matter experts from quantitative finance backgrounds working across risk/insurance modelling, valuations, Global Investment Performance Standards (GIPS) related financial sphere.

Working with this team will offer you the opportunity to:
  • Work in a fast-paced and thought-provoking environment with like-minded people who are experienced and respected in quantitative finance/insurance fields
  • Engage in group works with our team to develop solutions for our clients
  • Develop professional skills needed to advance in your chosen career path
  • Exposure to high-profile clients including banks, insurance firms, funds, credit unions through a variety of engagements


Enough about us, let's talk about you

Life Insurance Stream

You are someone who has:
  • A Bachelor's degree or higher in a quantitative field such as actuarial science, statistics, and mathematical finance
  • For Analyst, 0 - 1 year of relevant experience required; for Consultant, 1 - 3 years of relevant experienced required;
    for Senior Consultant, ASA with 2 - 5+ years of relevant experience required
  • Strong technical skills including AXIS, Python, Excel, and VBA. Knowledge of programming is an asset
  • Ability to work under tight deadlines and with multiple priorities
  • Ability to explain complex actuarial and financial modeling techniques in a simple and concise way
  • Ability to work independently and in cross-functional team settings
  • Demonstrated analytical and problem solving skills
  • Excellent verbal and writing skills
  • Pays great attention to details
  • Takes initiatives and ownership of projects
  • Prior modeling or validation experience
  • Bilingualism in French and English is required for this position due to the nature of the role having interactions with National & Global clients and project teams.


P&C Insurance Stream

You are someone who has:
  • A Bachelor's degree or higher in a quantitative field such as actuarial science, statistics, and mathematical finance
  • For Analyst, 0 - 1 year of relevant experience required; for Consultant, 1 - 3 years of relevant experienced required;
    for Senior Consultant, ACAS with 2 - 5+ years of relevant experience required
  • Strong technical skills including ResQ, SAS, Python, Emblem, Excel, and VBA. Knowledge of programming is an asset
  • Ability to work under tight deadlines and with multiple priorities
  • Ability to explain complex actuarial and financial modeling techniques in a simple and concise way
  • Ability to work independently and in cross-functional team settings
  • Demonstrated analytical and problem solving skills
  • Excellent verbal and writing skills
  • Pays great attention to details
  • Takes initiatives and ownership of projects
  • Prior modeling or validation experience
  • Bilingualism in French and English is required for this position due to the nature of the role having interactions with National & Global clients and project teams.


Total Rewards

The salary range for this position is $84,000 - $126,000, or $84,000 - $126,000 (Senior Consultant) and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.

Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth. Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. On top of our regular paid vacation days, some examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, firm-wide closures known as "Deloitte Days", dedicated days of for learning (known as Development and Innovation Days), flexible work arrangements and a hybrid work structure.

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