Senior Actuarial Analyst
About The Position
Marsh McLennan Agency (MMA) is seeking a Senior Actuarial Analyst to join their Employee Health & Benefits team. This role involves hands-on modeling, collaborative problem-solving, and clear communication. The analyst will build and maintain analytical tools and pricing models for evaluating medical and pharmacy plans, analyze client cost drivers, prepare projections, and quantify the financial impact of plan changes. The position requires translating complex data into actionable insights for account teams and client stakeholders, partnering with various internal teams to develop strategic approaches, and providing mentorship to junior analysts. Occasional travel within the Mid-Atlantic region may be required.
Requirements
- Bachelor’s degree in mathematics, statistics, economics, or a closely related field.
- Minimum 2 years of actuarial experience with a healthcare and/or insurance focus.
- Completion of at least 4 SOA (Associate of the Society of Actuaries) exam requirements.
- Strong analytical and problem-solving skills with demonstrated ability to develop models, manage data, and make actionable recommendations.
- Excellent written and verbal communication skills.
- Self-directed, energetic, and deadline-driven with a strong work ethic.
- Proficient in Microsoft Excel, Word, PowerPoint, and common data management/database applications.
- Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future.
Nice To Haves
- Current Life & Health licensure or ability to obtain within 90 days of employment.
- Prior broker experience.
Responsibilities
- Building and maintaining analytical tools and locally developed pricing models used nationally to evaluate medical and pharmacy plans.
- Analyzing drivers of clients’ medical and pharmacy costs.
- Preparing projections and quantifying the financial impact of network or plan design changes.
- Translating complex clinical and actuarial data into actionable insights and deliverables for account teams and client stakeholders.
- Partnering closely with Account Management, Benefit Advisors, and clinical specialists to develop strategic approaches.
- Advising on recommendations, reviewing results with the team, and supporting implementation discussions with clients.
- Providing oversight and mentorship to actuarial analysts.
- Supporting the Director of Actuarial Services in analytical and strategic decision-making.
Benefits
- Generous time off, including personal and volunteering.
- Tuition reimbursement and professional development opportunities.
- Charitable contribution match programs.
- Stock purchase opportunities.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
