Senior Health Actuary Consultant

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We're in the business of creating exciting and rewarding futures for our clients and their employees - whether we're designing affordable health plans, securing finances for retirement or aligning employees with workforce strategy. Capitalizing on analysis and insights as catalysts for change, we anticipate and understand the impact of business decisions, now and in the future. Our holistic view and deep expertise allow us to see client's current and future needs through a lens of innovation and impact and every idea and solution we offer.

Senior Health Actuary Consultant

What can you expect?

• Responsible for managing client projects that focus on employers' health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNP valuations, benchmarking, well-being initiatives and renewal negotiations
• Create deliverables and provide direction to analysts and associates, while serving as one of the primary financial client contacts
• Present deliverables to clients in partnership with senior members of the client teams

What's in it for you?

• Excellent growth, mobility and advancement opportunities
• Considerable opportunity to network with senior actuaries across the country
• Option to support intellectual capital or business development across the market
• Support for progression towards actuarial designations including paid study time, reimbursement for materials/exam fees and bonsalary increase with exam passes
• Opportunity to participate in various business resource groups like Rising Professional Network, Women at Mercer, PRIDE our LBGTQ+ group among others

We will count on you to do:

• Manages small repeat projects or provides guidance and project management to junior project team members in running analyses associated with underwriting health and welfare insurance, brokering contracts, or projecting health care related costs.
• Reviews data analyses that are conducted by junior staff members, in order to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members.
• Performs and reviews moderately complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with minimal input from senior project team members.
• Drafts client reports or presentations, with input from senior project team members, to summarize findings and implications, and to recommend a strategy, solution, or plan design to the client.
• Assists senior project team members with day-to-day client contact/management to resolve project-related questions and challenges.
• Participates in development of intellectual capital in order to further develop the company's offerings, as well as knowledge of health insurance actuarial services and products.
• Assists senior project team members in the development of business by identifying potential areas of business growth in existing projects and by providing assistance during proposal efforts or in responding to requests for information.

What you need to have:

• BA/BS degree in actuarial science, math, statistics, finance, economics or related field required
• 5+ years' experience working in an actuarial field
• Demonstrated ability to pass Society of Actuaries credentialing exams
• Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office-Word,
• Excel, and PowerPoint
• Proven project management skills and creative problem-solving abilities
• Ability to work in teams and be flexible to work under tight deadlines and changing client needs

What makes you stand out:

• ASA / FSA credential
• Consulting experience preferred
• Excellent project management and multitasking skills

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer's approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy, and people, with more than 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections, and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.

The applicable base salary range for this role is $92,200 to $184,300.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Applications will be accepted until: December 31, 2024