Health Actuary – Analyst III

Job Description

Health Actuary – Analyst III | Marsh McLennan

The Tone:
This is a full-time role at Mercer, a global leader in human resources consulting and part of Marsh McLennan, located in East Coast Mercer offices with a hybrid work model. Mercer makes a significant difference in the lives of over 110 million people daily by advancing their health, wealth, and careers, designing affordable health plans, securing retirement finances, and aligning employees with workforce strategy. This role is crucial for managing client projects that optimize health benefits strategies, utilizing analysis and insights as catalysts for change, ensuring clients make informed business decisions now and in the future.

The TL;DR
• Role: Full Time
• Type: Hybrid
• Location: East Coast Mercer offices
• Pay: $73500–$147000 yearly
• Team: Part of an actuarial consulting team, working in partnership with senior client team members.
• Mission: Manages client projects that optimize employer health benefits strategies through financial analysis and expert guidance.

What You’ll Actually Do
• Project Management: Manage client projects that specifically focus on employers’ health benefits strategies, ensuring successful execution and client satisfaction.
• Financial Modeling and Analysis: Develop comprehensive financial projections, conduct carrier selection analysis, optimize plan designs, and perform IBNP valuations and benchmarking.
• Strategic Consulting and Negotiation: Provide expert guidance on employee contribution setting, well-being initiatives, and lead renewal negotiations with carriers.
• Deliverable Creation and Team Leadership: Create high-quality client deliverables, providing clear direction and mentorship to junior analysts on the team.
• Client Relationship Management: Serve as a direct financial contact for clients, and present complex deliverables and insights to them in close partnership with senior members of client teams.

The Must-Haves
• Background: Hold a BA/BS degree in actuarial science, mathematics, finance, economics, or a related quantitative field.
• Experience: Possess 2-5 years of relevant professional work experience, preferably gained within consulting, insurance, finance, human resources, or accounting environments.
• Skills: Demonstrate excellent analytical capabilities, with practical experience in data analysis or financial modeling; exhibit excellent written and oral communication skills for clear client and internal interactions; possess proven project management skills; and apply creative problem-solving abilities to complex challenges.
• Bonus: Relevant work experience in actuarial consulting, particularly within the healthcare sector, is highly valued; holding two or more actuarial exams passed is preferred, with a strong preference for candidates one or two exams away from earning their ASA designation; proven ability to independently manage multiple complex projects simultaneously; and demonstrated experience effectively presenting technical concepts to audiences with non-technical backgrounds.