Principal Health & Benefits Actuary & Strategy Leader

Marsh Agency; New York (NY); Hybrid; USD 115,000 - 230,000; Full time

Job summary

Marsh is seeking a Principal Health & Benefits and Actuarial Consultant to lead strategic client engagements and provide leadership on health and welfare strategy, funding, renewal, and plan design decisions.

You will serve as a trusted advisor, translating complex analysis into clear direction, managing cost projections, and overseeing renewal discussions with carriers and vendors, while building senior-level client relationships.

Qualifications

• BA/BS degree in actuarial science, math, statistics, finance, economics, or a related field.
• 5+ years of experience in health and benefits consulting and/or actuarial work.
• Demonstrated experience leading client engagements and delivering strategic and financial solutions for complex health care benefit plans.
• Progress toward the ASA designation.
• Strong client-facing experience and confidence advising senior stakeholders.
• Strong financial acumen, analytical ability, and proficiency in Microsoft Excel, Word, and PowerPoint.

Responsibilities

• Lead complex client engagements, owning the scope, quality, timeliness, and budget of multiple deliverables across medical, pharmacy, dental, vision, life, and disability benefit plans.
• Direct teams in researching, analyzing, and evaluating benefit programs, financial outcomes, and renewal strategies to develop innovative and practical recommendations.
• Serve as the primary client advisor on strategic, financial, contractual, and actuarial matters, translating complex analysis into clear direction and decision support.
• Oversee the development and review of cost projections, financial models, benchmarking analyses, RFP responses, and executive summary reports.
• Lead renewal discussions, carrier negotiations, and vendor evaluations to help secure optimal health and welfare plan coverage and value.
• Build and maintain strong client relationships at the senior stakeholder level, anticipating needs and identifying opportunities to deepen engagement and expand advisory support.
• Partner with internal and external stakeholders to shape benefits design and renewal strategies that address complex client challenges.
• Drive business development efforts by identifying opportunities for growth, referrals, and broader client solutions.
• Thrive in an environment that embraces AI and technology-enabled tools to improve efficiency, insight, and client service.
• Be accountable for the overall success of engagements, including client satisfaction, strategic outcomes, and team performance.

Skills

Client-facing leadership

Financial acumen

Analytical ability

Communication skills

Education

BA/BS in actuarial science or related field

Tools

Excel

Word

PowerPoint

Job description

Marsh is seeking a Principal Health & Benefits and Actuarial Consultant to lead strategic client engagements and provide leadership on health and welfare strategy, funding, renewal, and plan design decisions.

You will serve as a trusted advisor, translating complex analysis into clear direction, managing cost projections, and overseeing renewal discussions with carriers and vendors, while building senior-level client relationships.