Principal Health & Benefits and Actuarial Consultant

Company:

Mercer

Description:

Are you an experienced benefits professional looking to be part of an innovative company with great leaders and a chance to make a real impact? Marsh is growing, and now is a fantastic time to join our Health & Benefits Consulting team. At Marsh People and Investments, we improve the lives of more than 110 million people every day by advancing their health, wealth, and careers. We are committed to creating exciting and rewarding futures for our clients and their employees.

As a Principal Health & Benefits and Actuarial Consultant, you will lead strategic client engagements that combine advanced benefits consulting with actuarial and financial analysis. In this principal-level role, you will serve as a trusted advisor to clients, providing leadership on health and welfare strategy, funding, renewal, and plan design decisions while helping shape the direction of client relationships and project outcomes.

We Will Count On You To:

• Lead complex client engagements, owning the scope, quality, timeliness, and budget of multiple deliverables across medical, pharmacy, dental, vision, life, and disability benefit plans.
• Direct teams in researching, analyzing, and evaluating benefit programs, financial outcomes, and renewal strategies to develop innovative and practical recommendations.
• Serve as the primary client advisor on strategic, financial, contractual, and actuarial matters, translating complex analysis into clear direction and decision support.
• Oversee the development and review of cost projections, financial models, benchmarking analyses, RFP responses, and executive summary reports.
• Lead renewal discussions, carrier negotiations, and vendor evaluations to help secure optimal health and welfare plan coverage and value.
• Build and maintain strong client relationships at the senior stakeholder level, anticipating needs and identifying opportunities to deepen engagement and expand advisory support.
• Partner with internal and external stakeholders to shape benefits design and renewal strategies that address complex client challenges.
• Drive business development efforts by identifying opportunities for growth, referrals, and broader client solutions.
• Thrive in an environment that embraces AI and technology-enabled tools to improve efficiency, insight, and client service.
• Be accountable for the overall success of engagements, including client satisfaction, strategic outcomes, and team performance.

What You Need to Have:

• A BA/BS degree in actuarial science, math, statistics, finance, economics, or a related field.
• 5+ years of experience in health and benefits consulting and/or actuarial work.
• Demonstrated experience leading client engagements and delivering strategic and financial solutions for complex health care benefit plans.
• Progress toward the ASA designation.
• Strong client-facing experience and confidence advising senior stakeholders.
• Strong financial acumen, analytical ability, and proficiency in Microsoft Excel, Word, and PowerPoint.

What Makes You Stand Out:

• Experience combining health & benefits consulting with actuarial leadership.
• Strong understanding of employer health plan strategy, renewals, funding, and plan design.
• Proven ability to lead large, complex projects and influence client decisions.
• Excellent communication, strategic thinking, and relationship-building skills.
• Ability to mentor others while maintaining high standards for client delivery.

Why Join Our Team:

We help you be your best through professional development opportunities, interesting work, and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is 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, visit marsh.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 $115,200 to $230,400.

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.