Sr. Principal Lead Health Actuary Consultant

This hybrid role (minimum of 3 days in the office) can be located in any of our office locations across the United States.

About the role

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’re in the business of creating exciting and rewarding futures for our clients and their employees — whether we’re designing affordable health plans, securing finances for retirement, or aligning employees with workforce strategy. Capitalizing on analysis and insights as catalysts for change, we anticipate and understand the impact of business decisions, now and in the future. Our holistic view and deep expertise allow us to see clients' current and future needs through a lens of innovation and impact.

Responsibilities

• Manage client projects that focus 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 health care-related costs.
• Review the data analyses conducted by junior staff members to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members.
• Perform and review complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with potential specialization in certain areas of health care-related insurance.
• Draft and review client reports or presentations to summarize findings and implications, and to recommend a strategy, solution, or plan design to the client.
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.

Requirements

• BA/BS degree in actuarial science, math, statistics, finance, economics, or related field.
• 15+ years’ 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 to work 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, PRIDE (our LGBTQ+ group), among others.

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.

Schedule

Hybrid work schedule requiring a minimum of 3 days in the office per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.