Marsh McLennan

Health Consulting Actuarial Analyst- DC- College Program 2027

Marsh McLennan • $59K — $118K *
Washington, DC 20011In-Person
Healthcare
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in actuarial science, math, statistics, economics, or related field
  • Minimum GPA of 3.0/4.0
  • Commitment to achieving Society of Actuaries (SOA) designation, with at least one SOA exam passed
  • Strong analytical skills in both quantitative and qualitative analysis
  • Proficiency in Microsoft Office and advanced programming skills (e.g. R, Python, SAS, SQL)
  • Excellent communication skills, both verbal and written
  • Ability to work collaboratively under tight deadlines.

Responsibilities

  • Develop employee contribution strategies for cost-effectiveness
  • Assist in creating customized pricing and valuation models
  • Price medical and prescription drug plan designs using proprietary tools
  • Analyze vendor renewals and plan experiences to estimate future costs
  • Cultivate basic underwriting and actuarial skills related to healthcare planning
  • Contribute to the design and administration of health and welfare programs
  • Conduct benchmark studies to meet client financial needs.

Benefits

  • Impactful challenges that influence employee solutions for major organizations
  • Opportunities for skill development and learning
  • Collaborative work environment with experienced industry professionals
  • Pathways for career growth and advancement
  • Comprehensive actuarial study program to support credentialing
  • Engagement in organizational diversity and community outreach initiatives
  • Extensive learning resources for professional development
  • Competitive financial wellbeing rewards including salary and retirement options
  • Wellness-focused offerings, including medical and dental benefits
  • Generous paid time off and flexible schedule options.
Full Job Description
THE POSITION: Health Consulting Actuarial Analyst

Mercer's 2,500+ US Health consultants deliver disciplined, consistent approaches, to benchmarking, data analytics, financial management, marketing, compliance and communication. Our client focus, integrity, expertise, and innovation are why clients choose Mercer. We are committed to setting the industry standard for ethical and transparent business practices.

Health actuarial analysts work closely with senior consultants in the design, financing, pricing, and administration of client companies' health and welfare programs. You will be part of teams that plan designs, contribute strategies, and conduct benchmark studies that meet your client's benefit and financial needs. Our stimulating and learning-filled environment will help you build strong relationships with your colleagues and our clients.

WHAT WE VALUE
  • Strong analytical skills, both quantitative and qualitative
  • Working knowledge of Microsoft Office-Word, Excel, and PowerPoint-and advanced programming skills are a plus (e.g. R, Python, SAS and SQL)
  • Knowledge of data analysis, project management, and presentation design
  • Excellent interpersonal, verbal, and written communication skills
  • Intellectual curiosity; seeking opportunities to develop new skills
  • Ability to work in teams and be flexible to work under tight deadlines and changing client needs
  • Superior organizational skills and strong attention to detail

PREFERRED QUALIFICATIONS
  • A bachelor's degree in actuarial science, math, statistics, economics, engineering or other related field
  • Minimum GPA of 3.0/4.0
  • A commitment to achieving a Society of Actuaries (SOA) designation as demonstrated by having successfully passed at least one SOA exam or other related professional certification
  • Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

WHAT A TYPICAL DAY LOOKS LIKE
  • Develop employee contribution strategies to meet employer cost objectives
  • Assist in the development of customized pricing and valuation models
  • Price medical and prescription drug plan designs using proprietary Mercer tools
  • Analyze vendor renewals and plan experience and estimate future plan costs
  • Develop basic underwriting and actuarial skills as you build an awareness of health care plan design, cost factors, and the renewal process as well as industry products, services, and tools, including Mercer Health products, the vendor/insurance carrier market, and budget setting, rate setting, and evaluation

WHAT'S IN IT FOR ME?
  • Be challenged to deliver impactful solutions for major organizations and have a direct impact on their employees
  • Fine tune your natural skills and learn new ones
  • The opportunity to work with some of the smartest and most energetic people in the industry, who will coach, challenge and enable you.
  • Excellent growth, mobility and advancement opportunities
  • Best-in-class actuarial study program to ensure you are supported in your journey to become a credentialed actuary, including competitive salary increases commensurate with your achievements
  • The opportunity to network, share views, and learn from others by getting involved with our Business Resource Groups: PRIDE, Women[redacted], Racial & Ethnic Diversity and Rising Professionals Network.
  • The chance to make a positive difference in your local community by using your paid time off to volunteer through events organized by Mercer Cares, our community outreach and volunteerism BRG.
  • A huge variety of virtual learning and development resources to support your personal and professional growth.
  • Competitive rewards supporting your financial wellbeing, including compensation, retirement savings, stock purchase plan, and more.
  • Offerings geared at your overall wellness, including comprehensive medical, dental, vision, and fitness benefits, as well as life insurance and child and elder care programs.
  • Generous paid time off and a flexible work schedule that accommodates your home life and commitments outside of work.

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Finance & Insurance
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ
MMC
* Ladders Estimates

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