Marsh McLennan

Actuarial Analyst – Employee Health & Benefits

Marsh McLennan

full-time

Posted on:

Location Type: Hybrid

Location: Sioux Falls • North Dakota • South Dakota • United States

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About the role

  • Conduct actuarial analysis and modeling
  • Collaborate with clients to understand their risk management needs
  • Assess and quantify risks associated with insurance programs, ensuring regulatory compliance
  • Perform data analysis and reporting
  • Analyze utilization and unit cost drivers of medical and pharmacy expenses; develop recommendations relating to plan designs, contributions and types of care needing attention
  • Review and/or prepare annual benefit plan renewals for clients
  • Interact effectively with insurance carrier underwriting and actuarial personnel
  • Develop modeling tools and spreadsheets for organizational use
  • Communicate actuarial concepts and findings clearly to technical and non-technical stakeholders
  • Assess financial terms of carrier proposals on all types of employee benefit programs
  • Work collaboratively with cross-functional teams
  • Stay updated on industry trends, advancements in actuarial science, and regulatory changes

Requirements

  • Bachelor’s degree in mathematics, statistics, economics or a similar field
  • Current Life & Health licensure or ability to obtain within 90 days
  • Exceptional Analytical Ability, as demonstrated through course work and experience
  • Pro-actively form productive working relationships with other team members, decision markers, insurance carrier personnel
  • Highly motivated and strong work ethic with consistent initiative and follow through on projects and tasks to completion while meeting deadlines; ability to work independently toward objectives with a sense of urgency.
  • Good communication, persuasion, writing, and editing abilities with a keen eye for detail; proofs work and makes changes as necessary
  • Superb computer skills, including Excel, Word, PowerPoint as well as data management and database applications.
  • Ability to use the Internet for business information and communications
  • Identification and implementation of new processes as required to improve company efficiency and effectiveness

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
actuarial analysismodelingdata analysisreportingrisk assessmentfinancial analysisutilization analysiscost analysisregulatory compliancebenefit plan design
Soft skills
analytical abilitycommunicationcollaborationrelationship buildingmotivationinitiativeattention to detailpersuasionwritingediting
Certifications
Bachelor’s degreeLife & Health licensure