Hybrid Senior Principal Lead Health Actuary Consultant

at Marsh McLennan

• Job title: Senior Principal Lead Health Actuary Consultant
• Job type: Full Time
• Experience level: Senior
• Salary: $150,000 - $240,500 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Health Actuary Leader managing client projects focusing on health benefits strategies. Working with a team to optimize financial projections, plan design, and employee contributions.

Responsibilities

• Responsible for managing 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 that are 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

Requirements

• BA/BS degree in actuarial science, math, statistics, finance, economics or related field required
• 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 LBGTQ+ group among others