Actuarial Manager - Health/Life

We are seeking a talented individual to join our Health Actuarial Team at Mercer Marsh Benefits (MMB). This role will be based in our London office. This is a hybrid role that has a requirement of working at least three days a week in the office.

• Lead the accurate and timely financial analysis on various client engagements and actuarial projects.
• Cover actuarial/financial projects for medical and group risk life and disability programs, as well as large-scale management consulting projects in adjacent industries and new product launches in the pipeline.
• Drive actuarial and data analytics revenue according to targets and devise strategic direction to meet overarching goals set by executive management.
• Act as a project manager for actuarial projects and report to executive management on progress against goals.

We will count on you to:

• Lead complex, large client engagements, including managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking, and other projects associated with underwriting health and life insurance, brokering contracts, or projecting healthcare-related costs. These projects involve:
• Gathering, organising, testing, and reviewing client or vendor data for accuracy, validity, and reasonableness to identify any discrepancies.
• Project healthcare costs for entities in the healthcare and adjacent industries and provide general management consulting services for entities in adjacent industries, including hospital groups, government, public sector entities, and large corporates.
• Evaluate group risk and income protection benefits, making pricing recommendations and recommendations on how to manage future costs based on demographics.
• Project cashflow scenarios and stochastic simulations and recommend optimal capital management strategies, including reinsurance limits.
• Manage timely delivery of client reports or presentations, which summarise findings and implications, and recommend a strategy, solution, or plan design to the client. Ensure deadlines and service standards are met or exceeded.
• Project retiree medical costs using cost/enrolment data and provide advice on projected experience and valuation, analysis of surplus, accounting reporting, and general risk management strategies around these liabilities.
• Project life insurance and disability costs and provide advice on projected experience and valuation, analysis of surplus, accounting reporting, and general risk management strategies around these liabilities.
• Review and manage the drafting of client reports or presentations to summarise findings and implications, and recommend a strategy, solution, or plan design to the client.

What you need to have:

• To be successful in this role you will be a fully qualified Actuary with:
• Extensive actuarial modelling experience and ability to work with large quantities of data
• Very good interpersonal, communication (written and verbal), and relationship-building skills
• Excellent IT skills with advanced proficiency in Microsoft Office, including Excel, PowerPoint

What makes you stand out:

• Experience in Group Health & Life Protection products
• Demonstrable leadership abilities with the capability of managing own/team workloads and client demands

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 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.

Mercer Marsh Benefits

Mercer Marsh Benefits helps clients manage the costs, risks, and complexities of employee health and benefits, through the combined expertise of Mercer and Marsh, businesses of Marsh McLennan (NYSE: MMC). Marsh McLennan is a global leader in risk, strategy, and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective.

Marsh McLennan is committed to embracing a diverse, inclusive, and flexible work environment. We are an equal opportunities employer and committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.

Marsh McLennan 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 McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.