Marsh McLennan

Specialist I - Insurance Actuaries- US Locations

Marsh McLennan • $121K — $259K *
Chicago, IL 60629In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of P&C actuarial experience with a focus on reserving
  • ACAS or FCAS designation preferred
  • Bachelor's degree in mathematics, statistics, economics, or actuarial science
  • Strong analytical and problem-solving skills
  • Excellent verbal and written communication skills
  • Demonstrated capability to manage multiple projects
  • Proficiency in Microsoft Excel and PowerPoint

Responsibilities

  • Analyze financial and actuarial data to provide insights for client decisions
  • Develop complex reserving models and analytics tools
  • Maintain and improve existing actuarial reserving models
  • Investigate client issues and communicate findings effectively
  • Understand client businesses to offer practical solutions
  • Manage multiple projects, guiding team deliverables
  • Contribute to expanding service offerings and strengthening client relationships
  • Enhance methodologies across the practice with advanced reserving approaches
  • Assist in creating training materials and developing standards for a new team

Benefits

  • Health and welfare benefits
  • Tuition assistance
  • 401K savings and retirement programs
  • Employee assistance programs
Full Job Description
VP - Actuarial Claims Consulting

As a Vice President for the Claims Consulting Practice, you will support the delivery of advanced actuarial and reserving solutions for clients across a range of business needs. This role combines technical actuarial expertise, client service, and project leadership to help clients evaluate liabilities, develop reserving strategies, and make informed business decisions. You will also contribute to the enhancement of tools, methodologies, and processes that support the broader practice.

This role can be based in any of our US Locations where we have a Marsh office. This role will be hybrid with 3 days in the office.

We can count on you to :
  • Analyze financial, statistical, and actuarial data to develop reserving, liability, and cash flow insights that support client and business decision-making
  • Perform actuarial calculations to implement or? build complex, bespoke reserving models, and analytics-based tools
  • Build complex, bespoke reserving calculation models and other analytics-based tools
  • Maintain and develop efficiencies for existing actuarial reserving models
  • Investigate complex client issues, develop recommendations on outstanding liabilities, and clearly communicate findings through exhibits, reports, and presentations
  • Develop a strong understanding of clients' businesses, exposures, and needs to provide informed, practical solutions.
  • Support the management and execution of several, simultaneous projects, including coordinating workstreams, guiding team deliverables, and reviewing analysts' work for technical accuracy and quality
  • Identify opportunities to support new and existing business, contribute to service offerings expansion, and help strengthen client relationships
  • Enhance tools, processes, and methodologies across the practice, including contributing to the use of more advanced reserving approaches
  • Contribute toward the development of administrative structural elements for a new team, such as creating training materials and developing standards of practice


What you need to have:
  • 5+ years of P&C actuarial experience with a strong reserving background
  • ACAS, FCAS preferred
  • Bachelor's degree in mathematics, statistics, economics, actuarial science, or a related field; other academic backgrounds may be considered with relevant experience
  • Strong attention to detail and analytical & problem-solving skills
  • Strong verbal and written communication skills and ability to work in a team
  • Proven ability to manage several projects simultaneously
  • Proficiency in Microsoft Excel and PowerPoint

What makes you stand out:
  • Experience with Python, R, VBA, or SQL
  • Ability to take initiatives to strive for improvement in analytics techniques, process and output
  • Statistics skills, including GLM, Bayesian probability, and other machine-learning techniques such as decision tree / random forest etc.

The applicable base salary range for this role is $121,900 to $259,700.

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.

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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