Marsh McLennan

Sr. Principal Lead Health Actuary Consultant

Marsh McLennan • $150K — $225K *
Washington, DC 20011In-Person
Healthcare
11 - 15 years of experience
5 days ago
Job Overview by Ladders

Qualifications

  • BA/BS in actuarial science, math, statistics, finance, economics, or related field
  • 15+ years of experience in an actuarial field, consulting experience preferred
  • ASA/FSA credential required
  • Strong analytical skills in quantitative and qualitative analysis
  • Proven project management and creative problem-solving skills
  • Ability to work flexibly in teams under tight deadlines

Responsibilities

  • Lead client engagements focusing on health benefits strategies and financial evaluations
  • Review data analyses for actuarial accuracy and junior staff development
  • Embrace AI and technology tools for improved operations
  • Perform and review complex cost analyses using Excel, SAS, and other software
  • Draft and review client reports to recommend strategies or solutions

Benefits

  • Excellent growth, mobility, and advancement opportunities
  • Networking opportunities with senior actuaries nationwide
  • Support for intellectual capital and business development initiatives
  • Participation in various professional resource groups
Full Job Description
Company:
Mercer

Description:

We are seeking an experience Health Actuary Leader to join our Actuarial and Financial Consulting teams at Mercer. This hybrid role (minimum of 3 days in the office) can be located an any of our office locations across the United States.

Sr. Principal Lead 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
  • 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:
  • 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 $150,000 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 September 11.

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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