Health and Benefits Actuarial Associate 1

2 weeks ago


San Francisco, California, United States Marsh & McLennan Companies Full time
Job Title: Health and Benefits Actuarial Associate 1

Company: Marsh McLennan

Description:

Mercer, a business of Marsh McLennan, is seeking a Health and Benefits Actuarial Associate 1 to join our team in San Francisco, CA. As a key member of our consulting team, you will work closely with clients to design and implement effective health and benefits strategies.

Responsibilities:

  • Manage complex client projects, including financial projections, carrier selection, plan design optimization, and employee contribution setting.
  • Create models and solve problems using actuarial techniques and consulting skills.
  • Assist the consulting team in gathering, organizing, and analyzing data using Excel spreadsheets.
  • Analyze results and communicate findings to clients.
  • Manage portions of or entire projects, including reviewing the work of lower-level analysts.
  • Present project results to clients as needed.
  • Gather benchmarking, utilization, or rate data from vendors via a Request for Proposal (RFP).
  • Interpret data and summarize responses from the RFP in Excel or PowerPoint format for presentation to clients.
  • Responsible for cost projections and vendor renewal workups.
  • Gather data from clients and vendors to populate Excel spreadsheets used for developing cost projections and evaluation of vendor renewal workups.
  • Track claims experience by gathering data from clients and vendors and checking for reasonableness.
  • Analyze actual versus expected healthcare costs using an Excel template.

Requirements:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
  • Two years of experience in the job offered, as a Health and Benefits Actuarial Technician/Specialist, or in a related occupation.
  • Must have passed at least 2 Society of Actuaries (SOA) exams.

About Mercer:

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

Mercer's more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries.

About Marsh McLennan:

Marsh McLennan is a leading professional services firm in the areas of risk, strategy, and people. With more than 85,000 colleagues and annual revenue of over $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment.

What We Offer:

We offer a competitive total rewards package, including health and welfare benefits, tuition assistance, 401K savings, and other retirement programs, as well as employee assistance programs.

Join Our Team:

We are excited to offer a dynamic and challenging work environment that fosters growth and development. If you are a motivated and experienced actuarial professional looking for a new challenge, we encourage you to apply for this exciting opportunity.



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