Sr. Lead Health Actuary Consultant

Mercer; Chicago (IL); Hybrid; USD 117,000 - 175,000; Full time

Job summary

Mercer is seeking an experienced Health Actuary to join our Actuarial and Financial Consulting teams in a hybrid role, requiring a minimum of three days in the office at any of our U.S. locations.

You will lead health benefits projects, provide financial projections, design optimization, and renewal negotiations while serving as a primary client contact and mentoring analysts.

Qualifications

• Minimum 10+ years’ experience in actuarial field, health and benefits consulting experience.
• BA/BS degree in actuarial science, math, statistics, finance, economics, or related field.
• ASA designation in progress or achieved.

Responsibilities

• Lead routine client engagements, managing service delivery, strategy, financial evaluations, renewals and other projects.
• Review analyses by junior staff for actuarial accuracy and model usage.
• Perform and review complex analyses and cost projections using Excel, SAS and other software.
• Draft and review client reports and presentations to summarize findings and propose solutions.
• Guide junior team members in client management and support business development.

Skills

Client facing

Analytical skills

Microsoft Office

Actuarial expertise

ASA credentialed

Education

BA/BS in actuarial science

ASA designation

Tools

Excel

SAS

Job description

We are seeking an experience Health Actuary to join our Actuarial and Financial Consulting teams at Mercer. This hybrid role (minimum of 3 days in the office) can be located an any of our office locations across the United States.

As a Senior Lead Health Actuarial Consultant, you will manage client projects focused on employers’ health benefits strategies, including financial projections, plan design optimization, and renewal negotiations. You will also serve as a primary financial contact for clients while providing direction to analysts and associates.

We will count on you to:

• Lead routine client engagements, managing overall service delivery, strategy, financial evaluations, plan design, renewals, business placement, benchmarking, and other projects related to underwriting health and welfare insurance.
• Review data analyses conducted by junior staff to ensure actuarial accuracy, proper use of models, and support their professional development.
• Perform and review complex analyses and cost projections using tools like Excel, SAS, and other software, with potential specialization in healthcare-related insurance areas.
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
• Draft and review client reports and presentations to summarize findings, recommend strategies, and propose solutions or plan designs.
• Handle day-to-day client interactions, resolve project‑related questions, and guide junior team members in client management.
• Assist senior team members in business development efforts by identifying growth opportunities and supporting responses to proposals.
• Contribute to the development of intellectual capital and expand knowledge of health insurance actuarial services and products.

What you need to have:

• BA/BS degree in actuarial science, math, statistics, finance, economics, or a related field required.
• Minimum 10+ years’ experience working in an actuarial field, with health and benefits consulting experience
• Proven progress to obtaining your ASA designation
• Client facing experience
• Strong analytical skills and working knowledge of Microsoft Office—Word, Excel, and PowerPoint.

What makes you stand out:

• Experience in health benefits actuarial consulting.
• ASA credentialed

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 an 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.

Application will posted through September 11.

#MERHBUS

The applicable base salary range for this role is $117,000 to $175,000.

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.

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 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 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.

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