Sr. Principal Lead Health Actuary Consultant

About the role

We are seeking an experienced Health Actuary Leader to join our Actuarial and Financial Consulting teams at Mercer. This hybrid role (minimum of 3 days in the office) can be located in any of our office locations across the United States.

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We create exciting and rewarding futures for our clients and their employees through affordable health plans, financial security for retirement, and workforce strategy alignment. We leverage analysis and insights to anticipate and understand the impact of business decisions, both now and in the future.

Responsibilities

• Manage client projects focused 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.
• Lead routine client engagements, including managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking, and other projects associated with underwriting health and welfare insurance, brokering contracts, or projecting healthcare-related costs.
• Review data analyses conducted by junior staff members to ensure actuarial soundness, correct use of models or products, and assist in the development of junior staff.
• Thrive in an environment that embraces AI and technology-enabled tools.
• Perform and review complex analyses and cost projections using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with potential specialization in certain areas of healthcare-related insurance.
• Draft and review client reports or presentations to summarize findings and implications, and recommend strategies, solutions, or plan designs to the client.

Requirements

• BA/BS degree in actuarial science, math, statistics, finance, economics, or a related field.
• 15+ years of experience working in an actuarial field; consulting experience preferred.
• ASA/FSA credential.
• Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office—Word, Excel, and PowerPoint.
• Proven project management skills and creative problem-solving abilities.
• Ability to work in teams and be flexible under tight deadlines and changing client needs.

Benefits

• Excellent growth, mobility, and advancement opportunities.
• Considerable opportunity to network with senior actuaries across the country.
• Option to support intellectual capital or business development across the market.
• Opportunity to participate in various business resource groups like Rising Professional Network, Women at Mercer, and PRIDE (our LGBTQ+ group).

Pay

The applicable base salary range for this role is $150,000 to $225,500. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. 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.

Marsh is a global leader in risk, reinsurance, capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective.