Health Consulting Actuarial Analyst – Intern Conversion – College Program 2026

Marsh; Chicago (IL); Hybrid; USD 65,000 - 90,000; Full time

Job summary

Mercer seeks a driven student to join its Health Actuarial and Financial Group in a hybrid role requiring three days in the office weekly. You will analyze health care data, assist in client communications, and help develop pricing for plan designs under supervision.

This is a growth-focused opportunity for actuarial-track students aiming for SOA designation. The role offers exposure to health economics, data analytics, and actuarial software, with mentorship from seasoned professionals and a

Qualifications

• Progress towards a bachelor’s degree in actuarial science, math, statistics, economics, engineering or other related fields
• Status as a currently enrolled student; expect graduation Fall 2025 or Spring 2026
• Record of top academic achievement (GPA 3.0/4.0 or higher)
• Commitment to pursuing SOA designation
• Legal work authorization in the U.S. on a permanent basis without sponsorship now or in the future

Responsibilities

• Perform responsibilities comparable to full‑time analysts with support from experienced colleagues
• Complete comprehensive analysis of health care data using spreadsheet and database management software
• Assist in the development of client communications, proposals, reports, spreadsheets, and presentations
• Perform basic cost projections using client cost and enrollment data with Mercer’s valuation model
• Price medical & prescription drug plan designs using Mercer tools
• Assist in developing customized pricing through scenario modeling of plan designs and employee contributions
• Develop basic underwriting and actuarial skills and familiarity with health care plan design and tools
• Work in a fast-paced consulting environment with colleagues across organizational levels

Job description

Company:
Mercer

Description:

We are seeking a talented individual to join Mercer’s Health Actuarial and Financial Group (AFG). This is a hybrid role that has a requirement of working at least three days a week in the office.

Through Mercer’s Health and Benefits practice, you will help employers navigate the increasingly complex world of employee benefits, people risk and employee benefit cost management. Predicting, monitoring and managing rising costs for employers is a key role of Mercer’s AFG.

Mercer’s 2,500 US Health consultants deliver disciplined, consistent approaches to benchmarking, data analytics, financial management, marketing, compliance and communication. Our client focus, integrity, expertise, and innovation are why clients choose Mercer. We are committed to setting the industry standard for ethical and transparent business practices.

To learn more about Mercer’s Health practice, please visit https://www.mercer.com/what-we-do/health-and-benefits.html

We will count on you to :

• Perform responsibilities comparable to full‑time analysts with support from experienced colleagues
• Complete comprehensive analysis of health care data using spreadsheet and database management software
• Assist in the development of client communications, proposals, reports, spreadsheets, and presentations
• Perform basic cost projections using client cost and enrollment data with Mercer’s valuation model
• Price medical & prescription drug plan designs using proprietary Mercer tools
• Assist in the development of customized pricing through alternate scenario modeling of plan designs, programs and/or employee contributions to meet employers financial target
• Develop basic underwriting and actuarial skills as you build an awareness of health care plan design, cost factors and numerous industry products, services and tools (including Mercer Health products)
• Work in a fast‑paced, challenging and dynamic consulting environment with colleagues across all organizational levels

What you need to have :

• Progress towards a bachelor’s degree in actuarial science, math, statistics, economics, engineering or other related fields
• Status as a currently enrolled student; candidates should have an expected graduation date in the Fall of 2025 or Spring of 2026
• Record of top academic achievement (minimum preferred GPA: 3.0/4.0)
• A commitment to achieving a Society of Actuaries (SOA) designation
• Legal work authorization in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

What makes you stand out?

• Strong analytical skills, both quantitative and qualitative
• Working knowledge of Microsoft Office-Word, Excel, and PowerPoint-and advanced programming skills are a plus (e.g. R, Python, SAS and SQL)
• Knowledge of data analysis, project management, and presentation design
• Excellent interpersonal, verbal, and written communication skills
• Intellectual curiosity; seeking opportunities to develop new skills
• Superior organizational skills and strong attention to detail

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.

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.

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 [e-mail].

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 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.