Senior Actuarial Analyst

MMC; Raleigh (NC); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work

Generous time off

Tuition reimbursement

Professional development

Stock purchase opportunities

Job summary

Marsh McLennan Agency (MMA) seeks a Senior Actuarial Analyst to join the Employee Health & Benefits team. You will build pricing models, analyze medical and pharmacy cost drivers, and deliver insights to account teams and clients.

You will collaborate with cross-functional colleagues, translate complex data for stakeholders, and mentor junior analysts while supporting leadership decisions. Occasional travel within the Mid-Atlantic may be required.

Qualifications

• Bachelor’s degree in mathematics, statistics, economics, or a closely related field.
• Minimum 2 years of actuarial experience with a healthcare/insurance focus and 4 SOA exams.
• Strong analytical and problem solving skills with data modeling ability.
• Proficiency in Microsoft Excel, Word, PowerPoint, and data management tools.
• Authorized to work in the U.S. without sponsorship.

Responsibilities

• Build and maintain analytical tools and locally developed pricing models used nationally.
• Analyze drivers of medical and pharmacy costs and project financial impact of plan design changes.
• Translate clinical and actuarial data into actionable insights for account teams and clients.
• Collaborate with Account Management and clinical specialists to shape strategies.
• Provide mentorship to actuarial analysts and support leadership in decision-making.

Skills

Analytical skills

Communication

Modeling tools

Data management

Microsoft Office

Education

Bachelor's degree in mathematics/statistics/economics

Tools

Excel

PowerPoint

Job description

Senior Actuarial Analyst Our not-so-secret sauce. Award-winning, inclusive, Top Workplace culture doesn't happen overnight. It's a result of hard work by extraordinary people. The industry's brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can make your mark as a Senior Actuarial Analyst at MMA.

Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With offices across North America, we combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh (NYSE: MRSH).

A day in the life.

As a Senior Actuarial Analyst on the Employee Health & Benefits team, your day is a mix of hands-on modeling, collaborative problem solving, and clear communication. You'll spend time building and maintaining analytical tools and locally developed pricing models used nationally across Marsh McLennan Agency to evaluate medical and pharmacy plans. Much of your work involves analyzing drivers of clients' medical and pharmacy costs, preparing projections, and quantifying the financial impact of network or plan design changes. You'll translate complex clinical and actuarial data into actionable insights and deliverables for account teams and client stakeholders.

You'll partner closely with Account Management, Benefit Advisors, and clinical specialists to develop strategic approaches that align with client objectives. That includes advising on recommendations, reviewing results with the team, and supporting implementation discussions with clients. You'll also provide oversight and mentorship to actuarial analysts and support the Director of Actuarial Services in analytical and strategic decision-making. Occasional travel within the Mid-Atlantic region may be required to meet clients or collaborate with colleagues in person.

Our future colleague.

We'd love to meet you if your professional track record includes these skills:

• Bachelor's degree in mathematics, statistics, economics, or a closely related field
• Minimum 2 years of actuarial experience with a healthcare and/or insurance focus and completion of at least 4 SOA (Associate of the Society of Actuaries) exam requirements.
• Strong analytical and problem-solving skills with demonstrated ability to develop models, manage data, and make actionable recommendations; excellent written and verbal communication skills.
• Self-directed, energetic, and deadline-driven with a strong work ethic; proficient in Microsoft Excel, Word, PowerPoint, and common data management/database applications.
• Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future.

These additional qualifications are a plus, but not required to apply:

• Current Life & Health licensure or ability to obtain within 90 days of employment
• Prior broker experience

We know there are excellent candidates who might not check all of these boxes. Don't be shy. If you're close, we'd be very interested in meeting you.

Valuable benefits.

We value and respect the impact our colleagues make every day both inside and outside of work. Our culture promotes colleague well-being through robust benefits programs and resources, professional and personal development opportunities, and fulfillment through meaningful work. Some benefits included in this role are:

• Generous time off, including personal and volunteering
• Tuition reimbursement and professional development opportunities
• Hybrid work - minimum 3 days in office
• Charitable contribution match programs
• Stock purchase opportunities

Who you are is who we are. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.

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]