Actuarial Specialist - US Locations

Marsh Agency; Chicago (IL); Hybrid; USD 122,000 - 260,000; Full time

Benefits offered by this job

Health benefits

Tuition assistance

401(k) retirement plans

Employee assistance programs

Job summary

Marsh is seeking an Actuarial Specialist in Claims Consulting to support advanced actuarial and reserving solutions for clients across diverse business needs. The role blends technical actuarial work with client service and project leadership to evaluate liabilities, develop reserving strategies, and inform business decisions.

Based in any US Marsh location, this hybrid role requires three days in the office and offers growth within the Claims Consulting Practice along with performance-based

Qualifications

• 5+ years of P&C actuarial experience with a strong reserving background.
• ACAS, FCAS preferred.
• Bachelor's degree in mathematics, statistics, economics, actuarial science, or a related field; other academic backgrounds may be considered with relevant experience.
• Strong attention to detail and analytical & problem-solving skills.
• Strong verbal and written communication skills and ability to work in a team.
• Proven ability to manage several projects simultaneously.
• Proficiency in Microsoft Excel and PowerPoint.

Responsibilities

• Analyze financial, statistical, and actuarial data to develop reserving, liability, and cash flow insights that support client and business decision-making.
• Perform actuarial calculations to implement or build complex, bespoke reserving models, and analytics-based tools.
• Build complex, bespoke reserving calculation models and other analytics-based tools.
• Maintain and develop efficiencies for existing actuarial reserving models.
• Investigate complex client issues, develop recommendations on outstanding liabilities, and clearly communicate findings through exhibits, reports, and presentations.
• Develop a strong understanding of clients’ businesses, exposures, and needs to provide informed, practical solutions.
• Support the management and execution of several, simultaneous projects, including coordinating workstreams, guiding team deliverables, and reviewing analysts’ work for technical accuracy and quality.
• Identify opportunities to support new and existing business, contribute to service offerings expansion, and help strengthen client relationships.
• Enhance tools, processes, and methodologies across the practice, including contributing to the use of more advanced reserving approaches.
• Contribute toward the development of administrative structural elements for a new team, such as creating training materials and developing standards of practice.

Skills

P&C actuarial

Reserving

Excel

PowerPoint

Attention to detail

Communication

Education

Bachelor's degree in math/stats/economics/actuarial science

Tools

Excel

PowerPoint

Python

R

SQL

VBA

Job description

Actuarial Specialist - Claims Consulting

As a Actuarial Specialist in our Claims Consulting Practice, you will support the delivery of advanced actuarial and reserving solutions for clients across a range of business needs. This role combines technical actuarial expertise, client service, and project leadership to help clients evaluate liabilities, develop reserving strategies, and make informed business decisions. You will also contribute to the enhancement of tools, methodologies, and processes that support the broader practice.

This role can be based in any of our US Locations where we have a Marsh office. This role will be hybrid with 3 days in the office.

We can count on you to :

• Analyze financial, statistical, and actuarial data to develop reserving, liability, and cash flow insights that support client and business decision-making
• Perform actuarial calculations to implement or? build complex, bespoke reserving models, and analytics-based tools
• Build complex, bespoke reserving calculation models and other analytics-based tools
• Maintain and develop efficiencies for existing actuarial reserving models
• Investigate complex client issues, develop recommendations on outstanding liabilities, and clearly communicate findings through exhibits, reports, and presentations
• Develop a strong understanding of clients’ businesses, exposures, and needs to provide informed, practical solutions.
• Support the management and execution of several, simultaneous projects, including coordinating workstreams, guiding team deliverables, and reviewing analysts’ work for technical accuracy and quality
• Identify opportunities to support new and existing business, contribute to service offerings expansion, and help strengthen client relationships
• Enhance tools, processes, and methodologies across the practice, including contributing to the use of more advanced reserving approaches
• Contribute toward the development of administrative structural elements for a new team, such as creating training materials and developing standards of practice

What you need to have:

• 5+ years of P&C actuarial experience with a strong reserving background
• ACAS, FCAS preferred
• Bachelor's degree in mathematics, statistics, economics, actuarial science, or a related field; other academic backgrounds may be considered with relevant experience
• Strong attention to detail and analytical & problem-solving skills
• Strong verbal and written communication skills and ability to work in a team
• Proven ability to manage several projects simultaneously
• Proficiency in Microsoft Excel and PowerPoint

What makes you stand out:

• Experience with Python, R, VBA, or SQL
• Ability to take initiatives to strive for improvement in analytics techniques, process and output
• Statistics skills, including GLM, Bayesian probability, and other machine-learning techniques such as decision tree / random forest etc.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to providing an inclusive work environment. We aim to attract and retain the best, most qualified people and value colleagues of all backgrounds, without regard to 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 require an accommodation during the application or interview process, please let us know by contacting [e-mail]

Marsh 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 colleagues are expected to be in their local 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.

The applicable base salary range for this role is $121,900 to $259,700.

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.