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.

• 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.
• This role will be expected to drive actuarial and data analytics revenue according to targets and devise strategic direction in order to meet overarching goals set by executive management.
• A key part of this role is also to act as a project manager for actuarial projects and reporting to executive management on progress against goals.
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.
• Projecting healthcare costs for entities in the healthcare and adjacent industries and providing general management consulting services for entities in adjacent industries, including hospital groups, government, public sector entities and large corporates.
• 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.
• 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
  
  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
  
  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. For more information, visit marshmclennan.com, or follow on LinkedIn and X. Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. 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. For more information, visit mercer.com, or follow on LinkedIn and X., 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. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.