Actuarial Manager - Health/Life

Actuarial Manager – Health/LifeWhat you can expect?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.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.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.Producing thought leadership material.Managing day to day client engagements and coaching team members in client interactionsDriving 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 goalDriving project management best practices in providing timely direction and guidance to ensure deadlines and service standards are met or exceededReviewing 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 clientMonitoring industry trends and leading in development of intellectual capital in order to further develop the company’s service and product offerings and recognitionWhat you need to have:To be successful in this role you will be a fully qualified Actuary with:Bachelor’s degreeExtensive actuarial modelling experience and ability to work with large quantities of dataVery good interpersonal, communication (written and verbal) and relationship building skillsExcellent IT skills with advanced proficiency with Microsoft Office, including Excel, PowerPointWhat makes you stand out:Experience in Group Health & Life Protection productsDemonstrable leadership abilities with the capability of managing own/team workloads and client demandsMercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 20,000 colleagues are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of $23 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.We are an equal opportunities employer. We are 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 [email protected] 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 based teams will identify at least one “anchor day” per week on which their full team will be together in person. 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 personJob SummaryJob number: R_278181Date posted : 2024-10-09Profession: Actuarial & UnderwritingEmployment type: Regular