Actuarial Analyst (MMA Mid-Atlantic)
Job Description
Marsh & McLennan Agency – Richmond, VA
Actuarial Analyst
Make a Career. Make a Difference.
At Marsh & McLennan Agency (MMA), we approach insurance in a different wayand that means a more interesting, exciting, relevant career for you. When you work with MMA, you'll find real opportunities to make people and businesses safer, more secure, and more successful. That's why working with MMA is a career that matters.
Essential Duties
- Manages analysis, including drill down, into the utilization and unit cost drivers of medical and pharmacy expenses develops recommendations related to plan designs, contributions and types of care and providers warranting attention.
- Prepares claim projections and trend analysis for larger clients tracks claims and updates forecasts compares funding mechanisms.
- Reviews and prepares annual benefit plan renewals for clients interacts effectively with insurance carrier underwriting and actuarial personnel to ensure clients are receiving fair and equitable ratings and premiums.
- Develops modeling tools and spreadsheets to assist clients, prospective clients and their employees with benefit plan designs, including consumer directed health care such as health savings accounts and health reimbursement arrangements.
- Provides tools to assessing the financial terms of carrier proposals on all types of employee benefit programs, including medical, pharmacy, disability, life, long-term care, dental and voluntary products.
Qualifications
- Advanced proficiency in Microsoft Office Suite, including Excel, Word, PowerPoint, and Access as well as data management and database applications.
- Must have strong relationship building skills and be customer focused.
- Strong oral and written communication essential.
- Highly motivated and strong work ethic with consistent initiative and follow through on projects and tasks to completion while meeting deadlines ability to work without direct supervision towards objectives with a sense of urgency.
Requirements
- Bachelor's Degree in mathematics, statistics, economics or similar field required.
- Exceptional Analytical Ability as demonstrated through course work and experience.
- Successful completion of actuarial exam recommended.
- Current Life & Health licensure or ability to obtain within 90 days of employment.
- Travel to various office and client locations may be required. Must have valid transportation.
MMA encourages all its colleagues to pursue dreams without limits. We promote curiosity and creativity. We gain new insight from diverse thinking and take risks on new ideas. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.
We further believe a business culture that supports a healthy, safe work environment does so by offering the right benefits, programs, policies and opportunities to keep colleagues engaged and productive including: flexible, hybrid work environment, health and welfare, tuition assistance, 401K, employee assistance program, volunteer opportunities, and other programs. Our organization is no exception.
At MMA, your future is limitless. For more information about our company, please visit us at: .
#MMAcampus
#LI-hybrid
Job Details
Employment Types:
Full time
Industry:
Banking / Accounting / Financial Services
Function:
IT
Roles:
Customer Service Executive (Voice)
Skills:
Database Applications Powerpoint Consistent li-hybrid Motivated Focused Modeling Tools Written Communication Trend Analysis Work Ethic assessing Spreadsheets supervision Proposals Microsoft Office Suite Meeting Deadlines Relationship Building C Data Management
