Senior Actuarial Analyst

Marsh Agency; Raleigh (NC); Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

Generous time off

Tuition reimbursement

Hybrid work schedule

Charitable match programs

Stock purchase opportunities

Job summary

Marsh Agency is seeking a Senior Actuarial Analyst on the Employee Health & Benefits team to develop pricing models and provide data-driven insights across medical and pharmacy plans.

You will work with account teams and clients, translating complex data into actionable recommendations, and mentor junior staff while collaborating with cross-functional partners. Occasional travel in the Mid-Atlantic region may be required.

Qualifications

• Bachelor's degree in mathematics, statistics, economics, or closely related field.
• Minimum 2 years of actuarial experience with healthcare/insurance focus and completion of at least 4 SOA exams.
• Strong analytical and problem-solving skills with ability to develop models and make actionable recommendations.

Responsibilities

• Build and maintain analytical tools and pricing models used nationally.
• Analyze drivers of medical and pharmacy costs and quantify financial impact of design changes.
• Provide oversight and mentorship to actuarial analysts and support leadership in decisions.

Skills

Actuarial analysis

Healthcare actuarial

Data modeling

Excel

Education

Bachelor's degree in mathematics or statistics

Tools

SAS

SQL

R

Job description

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 Marsh Agency.

Marsh Agency helps people and organizations manage risk and prepare for the future through insurance, benefits, retirement, and wealth management strategies. We believe in hands‑on proactive service, data-driven insights, and understanding how global events can impact local decisions. As a trusted partner, we show our clients what’s possible and guide them during every step of their journey.

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 (minimum 3 days per week in office)
• Charitable contribution match programs
• Stock purchase opportunities

To learn more about careers at Marsh Agency, check us out our website or flip through our recruiting brochure.

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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 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.

Marsh and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

If you require an accommodation during the application or interview process, please let us know by contacting [e-mail] .