The primary role of the Senior Actuarial Leader is to foster the growth of our Employee Health & Benefits Actuarial Services team, oversee financial consulting services for clients and client teams. This position would further develop both our modelling capabilities and Actuarial knowledge center.
Essential Duties and Responsibilities
Lead, manage and develop Actuarial Services team
Partner with client teams to address complex actuarial needs of our clients including; trend and reserve setting, discount positions of various medical, networks and other financial complications.
Act as senior financial strategic advisor for a portfolio of large, complex clients; including but not limited to cost projections, contribution modelling, evaluating cost saving alternatives, vendor evaluations.
Present to and collaborates with our client partners to help achieve Financial and Human Resource strategies for their benefits program.
Drive actuarial innovation and partner with other Actuarial hubs to further the collective capabilities of Marsh McLennan Agency.
Lead the IBNR setting and evaluation process for our self-funded book; Adapt our IBNR tool to keep pace with the dynamic marketplace
Oversee the use our proprietary discount analysis; partner with actuarial hubs to ensure our tool is reflective of the marketplace.
Collaborate with our client Financial Managers to evaluate and evolve our cost projection processes
Oversee the risk assessment process associated with serving the Stop Loss Center of Excellence.
Evolve our actuarial thought leadership to better serve our clients and internal colleagues.
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.
Required Education and Experience
Bachelor's Degree or the equivalent work experience
Associate or Fellow of the Society of Actuaries
Minimum 10 years of Actuarial experience in Health Insurance / Benefits Consulting Industry
Experience in the following areas: Self-Funded employee benefits, Medical, Rx, Stop Loss, IBNR, Discount Analysis
Working in a matrixed environment with competing with various priorities
Knowledge, Skills and Abilities
Must have ability to multi-task and work in a team environment
Must have computer skills proficiency and experience with MS Office suite (including Word, Excel and PowerPoint). Working knowledge of pivot tables is preferred.
Outstanding analytical, math and problem-solving skills, sound judgment, strong decision-making ability, confidence to make difficult decisions and excellent communication skills
Must have exception technical computer skills; including but not limited Excel, Access, VBA, Power BI, SQL and working knowledge of Actuarial software.
Must be organized, detail oriented and able to translate big picture ideas into client objectives
Must have strong negotiation and persuasion skills
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is:
Frequently required to sit; speak or hear; use hands to finger, handle, feel objects, and reach with hands and arms;
Occasionally required to stand and walk;
Extensive use of computer and keyboard and viewing of computer screen is required;
Specific vision abilities required by this job include vision, and ability to adjust focus.
Other working conditions are normal for an office environment.
WORK LOCATION
Work is typically performed in a hybrid manner at MMA East's Conshohocken, PA office
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Marsh & McLennan Agency offers competitive salaries and comprehensive benefits and programs including health and welfare, tuition assistance, 401(k), employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://marshmma.com/careers
