Marsh McLennan · 1 day ago
Actuarial Analyst - Employee Health & Benefits
Sioux Falls - Cherapa
Full-time
Hybrid
New Grad, Entry LevelMarsh McLennan Agency is a leading provider of business insurance and employee health & benefits solutions. The Actuarial Analyst will conduct actuarial analysis, collaborate with clients on risk management needs, and perform data analysis to optimize insurance programs and provide insights.
Financial ServicesProfessional ServicesService Industry
Responsibilities
Analysis, including drill down, into the utilization and unit cost drivers of medical and pharmacy expenses; development of recommendations related to plan designs, contributions and types of care and providers warranting attention
Review and/or prepare annual benefit plan renewals for clients; interact effectively with insurance carrier underwriting and actuarial personnel to ensure clients are receiving fair and equitable ratings and premiums
Development of modeling tools and spreadsheets for use by the organization to help clients, prospective clients, and their employees to make better informed decisions on all benefit plans, including consumer directed health care such as health savings accounts and health reimbursement arrangements
Develop models to predict the pattern of IBNR reserves with greater accuracy and reduced variance
Effectively communicating actuarial concepts and findings to both technical and non-technical stakeholders. Presenting complex information in a clear and concise manner
Assess or provide tools to help assess the financial terms of carrier proposals on all types of employee benefit programs, including medical, pharmacy, dental and voluntary products
Working collaboratively with cross-functional teams delivers comprehensive solutions and achieves common goals
Staying updated on industry trends, advancements in actuarial science, and regulatory changes. Actively pursuing professional development opportunities and maintaining relevant certifications
Qualification
Required
Bachelor's degree in mathematics, statistics, economics or a similar field
Current Life & Health licensure or ability to obtain within 90 days
Exceptional Analytical Ability, as demonstrated through course work and experience
Pro-actively form productive working relationships with other team members, decision markers, insurance carrier personnel
Highly motivated and strong work ethic with consistent initiative and follow through on projects and tasks to completion while meeting deadlines; ability to work independently toward objectives with a sense of urgency
Good communication, persuasion, writing, and editing abilities with a keen eye for detail; proofs work and makes changes as necessary
Superb computer skills, including Excel, Word, PowerPoint as well as data management and database applications. Ability to use the Internet for business information and communications
Identification and implementation of new processes as required to improve company efficiency and effectiveness
Preferred
Adaptable and able to change priorities and multi-task regularly to meet deadlines
Capable of maintaining the strictest confidentiality regarding client and company data and information
Benefits
Generous time off, including personal and volunteering
Tuition reimbursement and professional development opportunities
Hybrid work
Charitable contribution match programs
Stock purchase opportunities
Company
Marsh McLennan
Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.
Founded in 1871
10001+ employees
H1B Sponsorship
Marsh McLennan has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (2)
2023 (8)
2022 (6)
2020 (11)
Funding
Current Stage
Public CompanyTotal Funding
$11.2B2024-10-30Post Ipo Debt· $7.25B
2024-02-14Post Ipo Debt· $1B
2023-09-06Post Ipo Debt· $1.6B
Leadership Team
Joe Hayes
Senior Vice President, COO Private Client Services
Katherine Brennan
SVP, General Counsel
Recent News
2025-12-01
MarketScreener
2025-11-21
2025-10-17
Company data provided by crunchbase