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Product Actuary
4 months ago
The Global Analytics Platforms (GAP) team is responsible for the development and support of core analytics and advisory tools within Guy Carpenter. Our mission is to build tools that create, enable, and amplify competitive advantages core to the Guy Carpenter and MMC value proposition.
We are seeking a highly skilled and motivated individual to join our team to fill the role of a Product Actuary. This role will report directly though the GAP team.
What to expect:
- You will have responsibilities related to understanding analytical needs globally and providing detailed requirements to developers enabling them to produce software for colleagues and clients.
- A team responsible for the coordination, development, and implementation of best practices associated for our standard actuarial modeling tool suite.
- The scope includes the entire value cycle of MMC cost/benefit analytics, from the tagging and importing of data to actuarial methodologies, assumptions, and outputs from the suite.
We will count on you to:
- Support Global Analytics Platforms initiatives by providing guidance and solutions to the region in alignment with global goals.
- Work with local experts to analyze actuarial processes and procedures to better understand the scope of actuarial work and propose strategic solutions to improve the process around the delivery of analytics and the aggregation of data.
- Collaborate with cross-functional teams (CAT advisory, Data Strategy, Operations, Broking, and Actuarial Advisory) to ensure the successful execution of actuarial initiatives.
- Work directly with product teams to write requirements, create test cases, develop, and release solutions to colleagues globally.
- Develop a strong understanding of the modeling offering at Guy Carpenter and how it is utilized globally.
What you need to have:
- 3 to 10 years of experience as an actuary in insurance or software development.
- Effective communication and presentation abilities with ability to communicate technical concepts to both technical and non-technical parties.
- Strong knowledge of actuarial principles, methodologies, and tools.
- Familiarity with capital modeling.
- Desire to work closely with software development teams.
What makes you stand out:
- ACAS or FCAS designation
- Reinsurance and stochastic modeling skills across multiple classes of business.
- Background working with software development or research and development teams.
- Primary insurance pricing experience for large commercial risks.
GUY CARPENTER
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people. The company's 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter
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
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 based teams will identify at least one "anchor day" per week on which their full team will be together in person. 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.
#actuary #reinsurance #LI-KS1
The applicable base salary range for this role is $114,700 to $210,400.
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.
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.
