Description

Actuarial Analyst - EH&B

Our not-so-secret sauce.

Award-winning, inclusive, Top Workplace culture doesn't happen overnight. It's a result of hard work by extraordinary people. The industry's brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can make your mark as an Actuarial Analyst at MMA.

Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With offices across North America, we combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh McLennan (NYSE: MMC).

A day in the life.

As our Actuarial Analyst on the Employee Health & Benefits team, you'll conduct actuarial analysis and modeling, collaborate with clients to understand their risk management needs, assess and quantify risks associated with insurance programs, ensuring regulatory compliance, and performing data analysis and reporting. Expertise will contribute to optimizing insurance programs, delivering tailored solutions, and providing valuable insights to clients and internal stakeholders.

• Analysis, including drill down, into the utilization and unit cost drivers of medical and pharmacy expenses; development of recommendations related to plan designs, contributions and types of care and providers warranting attention
• Review and/or prepare annual benefit plan renewals for clients; interact effectively with insurance carrier underwriting and actuarial personnel to ensure clients are receiving fair and equitable ratings and premiums
• Development of modeling tools and spreadsheets for use by the organization to help clients, prospective clients, and their employees to make better informed decisions on all benefit plans, including consumer directed health care such as health savings accounts and health reimbursement arrangements
• Develop models to predict the pattern of IBNR reserves with greater accuracy and reduced variance
• Effectively communicating actuarial concepts and findings to both technical and non-technical stakeholders. Presenting complex information in a clear and concise manner.
• Assess or provide tools to help assess the financial terms of carrier proposals on all types of employee benefit programs, including medical, pharmacy, dental and voluntary products
• Working collaboratively with cross-functional teams delivers comprehensive solutions and achieves common goals.
• Staying updated on industry trends, advancements in actuarial science, and regulatory changes. Actively pursuing professional development opportunities and maintaining relevant certifications.

Our future colleague.

We'd love to meet you if your professional track record includes these skills:

• Bachelor's degree in mathematics, statistics, economics or a similar field
• Current Life & Health licensure or ability to obtain within 90 days
• Exceptional Analytical Ability, as demonstrated through course work and experience
• Pro-actively form productive working relationships with other team members, decision markers, insurance carrier personnel
• Highly motivated and strong work ethic with consistent initiative and follow through on projects and tasks to completion while meeting deadlines; ability to work independently toward objectives with a sense of urgency.
• Good communication, persuasion, writing, and editing abilities with a keen eye for detail; proofs work and makes changes as necessary
• Superb computer skills, including Excel, Word, PowerPoint as well as data management and database applications. Ability to use the Internet for business information and communications
• Identification and implementation of new processes as required to improve company efficiency and effectiveness

These additional qualifications are a plus, but not required to apply:

• Adaptable and able to change priorities and multi-task regularly to meet deadlines
• Capable of maintaining the strictest confidentiality regarding client and company data and information

We know there are excellent candidates who might not check all of these boxes. Don't be shy. If you're close, we'd be very interested in meeting you.

Valuable benefits.

We value and respect the impact our colleagues make every day both inside and outside of work. Our culture promotes colleague well-being through robust benefits programs and resources, professional and personal development opportunities, and fulfillment through meaningful work.

Some benefits included in this role are:

• Generous time off, including personal and volunteering
• Tuition reimbursement and professional development opportunities
• Hybrid work
• Charitable contribution match programs
• Stock purchase opportunities

To learn more about a career at MMA, check out our website or flip through our recruiting brochure.

Follow us on social media to meet our colleagues and see what makes us tick:

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• LinkedIn

Who you are is who we are.

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.

Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

#LI-Hybrid

#MMAEHB


Requisition #: MAMCGLOBALR335627EXTERNALENGLOBAL

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