Actuarial Analyst II

As a global leader in insurance broking and risk management, Marsh helps our clients succeed by defining, designing, and delivering innovative, industry-specific solutions that help them effectively manage risk.

We are looking for talented professional to join our Client Advisory Services Department as an Actuarial Analyst II supporting our Chicago or Colchester, VT location.

Actuarial Analyst II

What can you expect?

• An actuarial analyst works on basic to moderately complex actuarial/quantitative analysis projects with some guidance from senior project team members in order to assess and calculate costs, rates, risks and trends associated with underwriting health insurance brokering contracts, or projecting health care related costs.
• This individual gathers, organizes, tests, and reviews client or vendor data for accuracy, validity, and reasonableness. In addition, they perform basic and increasingly complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with some input and feedback from senior project team members.
• The actuarial analyst prepares reports of data trend analyses, with the assistance of senior project team members, in order to summarize findings and recommend a strategy, solution, or plan design to the client.
• In addition, the actuarial analyst participates in the development of company's intellectual capital in order to develop knowledge of health insurance actuarial services and products.

What is in it for you?

• A company with a strong brand and strong results to match
• Culture of internal mobility, collaboration and valued partnership with HR from the business.
• Employee Resource Groups, which provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations.
• Competitive pay (salary and performance bonus potential), Full benefits package starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND contribution).
• Flexible work opportunities for work/life balance
• Tuition Reimbursement plan per year and participation in our Employee Stock Purchase Plan

We will count on you to:

• Assists in actuarial/quantitative analysis projects, with guidance from senior project team members, in order to model, quantify, and forecast risk, cost, and financial impact (for example, funding analyses or loss accruals) of potential events in traditional and captive insurance projects.
• Gathers, organizes, and reviews client-specific data for accuracy and validity, to identify any discrepancies.
• Performs analyses using existing models in Excel with modifications to the template parameters based on client information, project needs, and other factors, such as policies and regulations.
• Coordinates and provides peer review of documents to ensure all documents produced adhere to established standards and to ensure quality control of final product.
• Assists senior project team members in preparing of report texts in order to summarize findings.
• Participates in development of industry benchmarking reports, research of regulatory requirements, updates to the modelling templates, and other intellectual capital in order to develop knowledge of insurance actuarial services.
• Compensation dependent on number of actuarial examinations completed & relevant years of experience.

What you need to have:

• BA/BS degree required
• Proven project management skills and creative problem-solving abilities
• 2 actuarial exams passed or relevant number of years of related work experience
• Experience in data analysis, financial modeling, and presentation design
• Excellent interpersonal skills; strong oral and written communication skills
• Ability to exercise independent thinking
• Proficiency using Microsoft Office Word, Excel, and PowerPoint

What makes you stand out:

• Ability to manage multiple projects simultaneously
• Excellent analytical, writing and presentation skills

• 3 actuarial exams passed, and 2 years of relevant work experience in management consulting, compensation, finance, human resources, or accounting preferred

• This role is not eligible to be performed remotely from Colorado

Marsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US $17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.

Marsh & McLennan Companies and its Affiliatesare EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

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