Sr. Principal Lead Health Actuary Consultant

We are seeking an experienced Health Actuary Leader to join our Actuarial and Financial Consulting teams at Mercer. This hybrid role (minimum of 3 days in the office) can be located at any of our office locations across the United States.

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We create exciting and rewarding futures for our clients and their employees – whether by designing affordable health plans, securing finances for retirement, or aligning employees with workforce strategy. Capitalizing on analysis and insights as catalysts for change, we anticipate and understand the impact of business decisions now and in the future. Our holistic view and deep expertise allow us to see clients’ current and future needs through a lens of innovation and impact, and every idea and solution we offer supports that vision.

Sr. Principal Lead Health Actuary Consultant

What can you expect?

• Responsible for managing client projects that focus on employers’ health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNP valuations, benchmarking, well‑being initiatives and renewal negotiations.
• Create deliverables and provide direction to analysts and associates, while serving as one of the primary financial client contacts.
• Present deliverables to clients in partnership with senior members of the client teams.

What’s in it for you?

• Excellent growth, mobility and advancement opportunities.
• Considerable opportunity to network with senior actuaries across the country.
• Option to support intellectual capital or business development across the market.
• Opportunity to participate in various business resource groups such as the Rising Professional Network, Women at Mercer, PRIDE Our LGBTQ+ group, and others.

We will count on you to:

• Lead routine client engagements, managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking and other projects associated with underwriting health and welfare insurance, brokering contracts or projecting health‑care related costs.
• Review the data analyses conducted by junior staff members to ensure actuarial soundness, correct use of models or products, and assist in the development of junior staff members.
• Thrive and be motivated by an environment that embraces AI and technology‑enabled tools.
• Perform and review complex analyses and cost projections using or modifying existing products, tools, and pricing models in Excel, SAS, and other software, with potential specialization in certain areas of health‑care related insurance.
• Draft and review client reports or presentations to summarize findings and implications, and to recommend a strategy, solution, or plan design to the client.

What you need to have:

• BA/BS degree in actuarial science, math, statistics, finance, economics or related field required.
• 15+ years’ experience working in an actuarial field; consulting experience preferred.
• ASA/FSA credential.
• Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office – Word, Excel, and PowerPoint.
• Proven project management skills and creative problem‑solving abilities.
• Ability to work in teams and be flexible to work under tight deadlines and changing client needs.

The applicable base salary range for this role is $150,000 to $225,500. The base pay will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements, and will be considered on a case‑by‑case basis. In addition to the base salary, this position may be eligible for performance‑based incentives.

Applications will be accepted through September 11.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective.

Marsh 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, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting View email address on click.appcast.io.

Marsh 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 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.