Mercer Health and Benefits LLC is seeking candidates for the following position based in the New York, NY office (A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies).
Health & Benefits Actuarial Consultant
We will count on you to:
Support senior consultants in managing client accounts, researching, analyzing, and evaluating health and non-health employee benefits plans and programs. Work on basic to moderately complex actuarial/quantitative analyses with some guidance from senior project team members in order to assess and calculate costs, rates, risks and trends associated with underwriting health and welfare insurance, or projecting health care related costs. Gather, organize, test, and review client or vendor data for accuracy, validity, and reasonableness, and to identify any discrepancies. Perform basic and increasingly complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with some input and feedback from senior project team members. Support marketing and renewals of all health and non-health employee benefit plans and programs.
What you need to have:
Must have Bachelor’s degree or foreign equivalent in Actuarial Science, Math, Statistics, Finance, Economics, or a related field plus two (2) years of experience in the position offered, as a Health Actuary – Analyst, Actuarial Assistant, or a related position. Two (2) years of experience must include: Gathering, cleaning, manipulating, and reviewing data for accuracy, validity, and reasonableness with software including MS Excel, SAS, and SQL; Performing moderately complex analyses and claim cost projections by using or modifying existing products, tools and models in MS Excel (including VBA); Presenting analysis results by using MS Power Point; Developing, maintaining, and improving actuarial models that are used for financial health cost projections and IBNP valuations; Implementing actuarial assumptions that are built into models and providing ongoing review to ensure accuracy; Using data visualization tools to create dashboards and reports and deliver analysis results; Researching, analyzing, and reviewing industry, regulatory, and legislative trends for calculating risk, liability, and cost. Must have passed three (3) Society of Actuary exams.
The applicable base salary range for this role is $126,277.00 to $147,000.00 per year.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. 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.
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Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.
Marsh McLennan 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 reasonableaccommodations@mmc.com.
Marsh McLennan 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 McLennan 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.