Health Actuary - Manager

Marsh McLennan•Boston, MA

4d•$93,500 - $187,000•Hybrid

About The Position

Mercer is looking 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. The Health Actuary Manager will be 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. This role involves creating deliverables and providing direction to analysts and associates, while serving as one of the primary financial client contacts. The manager will also present deliverables to clients in partnership with senior members of the client teams.

Requirements

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

Nice To Haves

ASA / FSA credential
Consulting experience preferred
Excellent project management and multitasking skills

Responsibilities

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
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.