Actuarial Manager - Health / Life

GB035 Mercer (UK) Limited

Actuarial Manager - Health / Life

£75000

GB035 Mercer (UK) Limited, Tower, City and County of the City of London

  • Full time
  • Permanent
  • Onsite working

Posted 1 day ago, 26 Sep | Get your application in today.

Closing date: Closing date not specified

job Ref: 4a20d9c722c74e648fad4497d5c5fac7

Full Job Description

The purpose of this position is to lead the accurate and timely financial analysis on various client engagements and actuarial projects.

These will 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.

A key part of this role is also to act as a project manager for actuarial projects.

What's in it for you?

Being part of a great team who are enthusiastic and highly driven

We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis Performance related bonus scheme.

Comprehensive flexible benefits program including excellent pension contributions, private health insurance, pension, employee assistance program, career mobility, employee.

network groups, volunteer opportunities, and other programs.

We will count on you to :

Leading 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 health care related costs.

These projects involve;

Gathering, organising, testing and reviewing client or vendor data for accuracy, validity, and reasonableness, and to identify any discrepancies.

Evaluating group risk and income protection benefits, making pricing recommendations and recommendations on how to manage future costs based on demographics.

Projecting cashflow scenarios and stochastic simulations and recommending optimal capital management strategies, including reinsurance limits.

Managing timely delivery of client reports or presentations, which summarise findings and implications and recommend a strategy, solution, or plan design to the client.

Ensures deadlines and service standards are met or exceeded.

Projecting retiree medical costs using cost / enrolment data and providing advice on projected experience and valuation, analysis of surplus, accounting reporting and general risk management strategies around these liabilities.

Projecting life insurance and disability costs and providing advice on projected experience and valuation, analysis of surplus, accounting reporting and general risk management strategies around these liabilities.

Projecting healthcare costs for entities in adjacent industries and providing general management consulting services for entities in adjacent industries, including hospital groups, public sector entities and large corporates.

Producing thought leadership material.

Managing day to day client engagements and coaching team members in client interactions

Driving business development by identifying potential areas for business growth and by responding to requests for information / proposals in order to meet a Tier 1 managed revenue goal

Driving project management best practices in providing timely direction and guidance to ensure deadlines and service standards are met or exceeded

Reviewing and managing the drafting of client reports or presentations to summarise findings and implications, and to recommend a strategy, solution or plan design to the client

Monitoring industry trends and leading in development of intellectual capital in order to further develop the company's service and product offerings and recognition

What you need to have :

To be successful in this role you will be a fully qualified Actuary with

Bachelor's degree

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 with 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