Sr. Principal Lead Health Actuary Consultant

Mercer; Morristown (NJ); Hybrid; USD 150,000 - 226,000; Full time

Job summary

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

The Sr. Principal Lead Health Actuary Consultant will manage client engagements on health benefits strategies, provide direction to analysts, and present deliverables to clients. Strong actuarial credentials and 15+ years of experience are required.

Qualifications

• BA/BS in actuarial science, math, statistics, finance, economics or related field.
• 15+ years’ experience in actuarial field, consulting preferred.
• ASA/FSA credential.
• Strong analytical skills and MS Office proficiency.
• Proven project management skills.
• Ability to work in teams and under tight deadlines.

Responsibilities

• Lead client engagements focusing on health benefits strategies, financial projections, plan design optimization, and renewal negotiations.
• Provide direction to analysts and associates, acting as primary financial client contact.
• Present deliverables to clients in partnership with senior client teams.
• Review analyses conducted by junior staff to ensure actuarial soundness and proper use of models.
• Draft and review client reports or presentations to summarize findings and recommended strategies.

Skills

Project management

Analytical skills

MS Office proficiency

Team collaboration

Actuarial knowledge

Education

BA/BS in actuarial science or related field

ASA/FSA credential

Tools

Excel

SAS

Job description

We are seeking an experience Health Actuary Leader 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.

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We're in the business of creating exciting and rewarding futures for our clients and their employees - whether we're designing affordable health plans, securing finances for retirement, or aligning employees with workforce strategy. Capitalizing on analysis and insights as catalysts for change, we anticipate and understand the impact of business decisions, now and in the future. Our holistic view and deep expertise allow us to see clients current and future needs through a lens of innovation and impact and every idea and solution we offer.

Sr. Principal Lead Health Actuary Consultant

What can you expect?

• Responsible for managing client projects that focus on employers’ health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNP valuations, benchmarking, well-being initiatives and renewal negotiations
• Create deliverables and provide direction to analysts and associates, while serving as one of the primary financial client contacts
• Present deliverables to clients in partnership with senior members of the client teams

What's in it for you?

• Excellent growth, mobility and advancement opportunities
• Considerable opportunity to network with senior actuaries across the country
• Option to support intellectual capital or business development across the market
• Opportunity to participate in various business resource groups like Rising Professional Network, Women at Mercer, PRIDE our LBGTQ+ group among others

We will count on you to:

• Lead routine client engagements, including managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking and other projects associated with underwriting health and welfare insurance, brokering contracts or projecting health care related costs.
• Review the data analyses that are conducted by junior staff members to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members.
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
• Perform and review complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software with potential specialization in certain areas of health care related insurance.
• Draft and review client reports or presentations to summarize findings and implications, and to recommend a strategy, solution, or plan design to the client

What you need to have:

• BA/BS degree in actuarial science, math, statistics, finance, economics or related field required
• 15+ years’ experience working in an actuarial field, consulting experience preferred
• ASA/FSA credential
• Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office—Word, Excel, and PowerPoint
• Proven project management skills and creative problem-solving abilities
• Ability to work in teams and be flexible to work under tight deadlines and changing client needs

The applicable base salary range for this role is $150,000 to $225,500.

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.

Applications with be accepted through September 11.