Health Actuary - Manager

Company:

Mercer

Description:

Mercer is look for a Health Actuary Manager. This role will be located in Richmond, Philadelphia, Washington DC., Atlanta, Tampa, Louisville, Nashville, Hartford or NYC. This role is hybrid and in the office 3x per week.

Health Actuary Manager

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

• Support for progression towards actuarial designations including paid study time, reimbursement for materials/exam fees and bonus/salary increase with exam passes

• 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 do:

• Directs, coaches, and guides a group of professional actuarial analysts through core valuation work which includes flawless execution with respect to requesting, gathering, and reviewing vendor/client data for completeness, accuracy, validity and reasonableness to identify any discrepancies.
• Reviews data analyses associated with underwriting health and welfare insurance, brokering contracts, or projecting health care related costs, in order to ensure actuarial soundness and correct use of models or products.Assists in the development of junior staff members.
• Performs and reviews moderately complex actuarial/ quantitative analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with minimal input from senior project team members.
• Prepares presentations or reports of data trend analyses, in order to summarize findings and implications and to recommend a strategy, solution, or plan design to the client.
• Provides technical leadership to actuarial analysts by teaching new skills and developing intellectual capital of health insurance actuarial services and products.

What you need to have: 

• BA/BS degree in actuarial science, math, statistics, finance, economics or related field required

• 5+ years’ experience working in an actuarial field

• Demonstrated ability to pass Society of Actuaries credentialing exams

• Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office—Word,

• Proven managerial experience.

• Ability to work in teams and be flexible to work under tight deadlines and changing client needs

What makes you stand out:

• ASA / FSA credential

• Consulting experience preferred

• Excellent project management and multitasking skills

Mercer is a business of Marsh (NYSE: MRSH), 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 about Mercer, visit mercer.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 [email protected].

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.

The applicable base salary range for this role is $93,500 to $187,000.

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.