Senior Actuarial Consultant

Senior Actuarial Consultant – Employee Benefits Analytics

Denver, Colorado, United States

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action‑oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture,
you belong here.

Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world’s largest privately held, independent insurance broker by helping clients achieve their business objectives. To see the latest insights from Lockton's experts, check Lockton Market Update.

A few of the reasons Associates love working at Lockton include:

• Opportunities for growth and advancement, including paid training and professional development
• 12-week paid parental leave
• A huge emphasis on community involvement
• Frequent athletic and wellness events
• Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!

Irvine, Los Angeles, Sacramento, San Francisco, San Jose, San Diego, Encino, Phoenix, Portland, Las Vegas, Seattle, Sonoma, Salt Lake City

Lockton is seeking a Senior Actuarial Consultant to deliver expert actuarial guidance and strategic financial analysis for a portfolio of large market clients. In this client-facing role, you will lead the development and presentation of advanced actuarial models, advise on employee health benefits strategy, and ensure the highest standards of accuracy and client service. This role supports the broader actuarial team on additional clients as needed, ensuring high-quality deliverables and client satisfaction.

• Serve as a consulting actuary for a portfolio of clients; synthesize insights, advise on plan design, funding, risk/stop loss strategies, and multi‑year benefits financial strategy.
• Develop and present financial models for employer health plans, including rate setting, contribution and plan design modeling.
• Advise clients on plan design, pricing, funding strategies, reserves, underwriting principles, and stop loss to align with overall benefits strategy. Evaluate and recommend risk management and stop loss coverage strategies.
• Conduct benchmarking, trend analysis, forecasting, and scenario modeling to support client decision‑making. Conduct reserve calculations and certify actuarial results for assigned clients.
• Compile, analyze, and interpret financial information and data to facilitate client decision‑making and executive‑level storytelling with data.
• Support actuarial team members on clients where not directly assigned, providing peer review, technical guidance, and subject matter expertise.
• Participate in prospect meetings to support converting opportunities into clients.
• Collaborate with internal teams to innovate actuarial approaches and contribute to continuous improvement of analytics offerings.
• Ensure deliverables meet established standards for accuracy, clarity, and alignment with client objectives.
• Maintain up‑to‑date knowledge of healthcare marketplace trends, regulations, and actuarial best practices.

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, Data Science, or related field; advanced degree a plus.
• Familiarity with actuarial concepts and review practices; ASA/FSA credential required.
• 6‑10+ years in employee benefits analytics/financial consulting, health actuarial consulting, or closely related domains.
• Demonstrated success advising large, complex employers (5,000+ employees) on plan design, pricing/funding strategies, reserves, underwriting principles, and stop loss.
• Deep fluency in benefits financial modeling (rate setting, contribution modeling, trend/variance analysis, forecasting), benchmarking, and executive‑level storytelling with data.
• Proficiency with advanced Excel; working knowledge of…