Health Actuary - Analyst III

Marsh McLennan • Boston, MA

3d • $73,500 - $147,000 • Hybrid

About The Position

The Health & Benefits (H&B) actuarial consulting analyst is 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. The actuarial consulting analyst will create client deliverables, provide direction to junior analysts, serve as a financial client contact, and present deliverables to clients in partnership with senior members of client teams.

Requirements

• 2-5 years of relevant work experience in consulting, insurance, finance, human resources or accounting.
• BA/BS degree in actuarial science, math, finance, economics or related field.
• Excellent analytical skills – experience in data analysis or financial modeling.
• Excellent written and oral communication skills.
• Proven project management skills and creative problem-solving abilities.

Nice To Haves

• Two or more actuarial exams passed.
• Work experience in actuarial consulting, especially within healthcare.
• One or two exams away from earning ASA designation.
• Demonstrated ability to independently manage multiple complex projects simultaneously.
• Experience presenting technical concepts to a non-technical audience.

Responsibilities

• Managing client projects focused on employers’ health benefits strategies.
• Conducting financial projections.
• Assisting with carrier selection.
• Optimizing plan design.
• Setting employee contributions.
• Performing IBNP valuations.
• Conducting benchmarking.
• Developing well-being initiatives.
• Managing renewal negotiations.
• Creating client deliverables.
• Providing direction to junior analysts.
• Serving as a financial client contact.
• Presenting deliverables to clients in partnership with senior members of client teams.

Benefits

• Multiple medical, dental, and vision plans with choices to fit all needs and budgets.
• Benefits coverage starting Day 1.
• Other benefits and discounts on products and services.
• Health and welfare benefits.
• Tuition assistance.
• 401K savings and other retirement programs.
• Employee assistance programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level