Senior Actuarial Analyst
About The Position
As a Senior Actuarial Analyst on the Employee Health & Benefits team, your day is a mix of hands-on modeling, collaborative problem solving, and clear communication. You’ll spend time building and maintaining analytical tools and locally developed pricing models used nationally across Marsh McLennan Agency to evaluate medical and pharmacy plans. Much of your work involves analyzing drivers of clients’ medical and pharmacy costs, preparing projections, and quantifying the financial impact of network or plan design changes. You’ll translate complex clinical and actuarial data into actionable insights and deliverables for account teams and client stakeholders. You’ll partner closely with Account Management, Benefit Advisors, and clinical specialists to develop strategic approaches that align with client objectives. That includes advising on recommendations, reviewing results with the team, and supporting implementation discussions with clients. You’ll also provide oversight and mentorship to actuarial analysts and support the Director of Actuarial Services in analytical and strategic decision-making. Occasional travel within the Mid‑Atlantic region may be required to meet clients or collaborate with colleagues in person.
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 across Marsh McLennan Agency 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 that align with client objectives.
- 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
- Hybrid work – minimum 3 days in office
- Charitable contribution match programs
- Stock purchase opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
