Sr. Principal Lead Health Actuary Consultant

Company:

Mercer

Description:

We are seeking an experienced Health Actuary Leader to join our Actuarial and Financial Consulting team, part of our People and Investment business at Marsh. This role will be based in and of our US office locations. This is a hybrid role that has a requirement of working at least three days a week in the office.

As a Sr. Principal Lead Health Actuary Consultant, you'll manage client projects focused 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. You’ll create deliverables, provide direction to analysts and associates, and serve as one of the primary financial client contacts, while also presenting deliverables to clients in partnership with senior members of the client teams.

We will count on you to:

• Lead routine client engagements, including managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking and other projects associated with underwriting health and welfare insurance, brokering contracts or projecting health care related costs.
• Review the data analyses that are conducted by junior staff members to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members.
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
• Perform and review complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software with potential specialization in certain areas of health care related insurance.
• Draft and review client reports or presentations to summarize findings and implications, and to recommend a strategy, solution, or plan design to the client

What you need to have: 

• BA/BS degree in actuarial science, math, statistics, finance, economics or related field required
• 15+ years’ experience working in an actuarial field, consulting experience preferred
• ASA/FSA credential
• 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

The applicable base salary range for this role is $175,000 to $225,500.

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.

Applications with be accepted through October 30.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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 characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.

Marsh 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 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.