Health & Benefits Actuarial Associate
Marsh Risk is a global leader in the health and benefits marketplace, offering an opportunity for a Health & Benefits Actuarial Associate. The role involves collaborating with local consulting teams, improving operational efficiencies, and supporting junior team members, while contributing to the development of benefits solutions for clients.
Responsibilities
- Simple select - Being an ambassador
- Point of contact for ongoing local consulting team questions
- Collaborate with operations to ensure all terms and conditions released to renewal methodologies and placement process are implemented
- Develop and improve efficiency leveraging new technology
- Collaborate with Operational co-ordinator to develop procedural efficiencies and adapt newly launched technology
- Support educating junior team members on process and procedures as well as new products
- Collaborate with the SME leader to manage the technical aspects of submissions, plans, experience tracking, and renewal negotiations with insurers
- Complete marketing and financial reports into templated reports within required turnaround time
- Peer review other Simple select by MMB teammates work to ensure accuracy and reasonableness of quotes
- Assist in maintaining block quote tracking tool and act as mentor for the team
- Assist in assigning quote requests to team and peer review prior to sending to local consulting team
- Assist in tracking carrier inconsistencies for competitiveness and report to SME Leadership team for quarterly insurer review
- Ensure all negotiated terms and conditions are applied
- Work as part of the block renewal team to collect and review renewal data for accuracy and reasonableness
- Prepare templated client reports to cascade to local consulting teams
- Respond to questions from local teams related to the block renewal
- Maintain experience reporting calendar for each Simple select by MMB preferred partner and lead the process
- Gather necessary data from the preferred partner review to ensure it is complete, accurate and reasonable; and prepare templated experience reports with the support of other Simple select by MMB teammates
- Work with other Simple select by MMB teammates to ensure all experience reports are sent in timely fashion
- Lead and assist development and evolution of tools and templates used for workflow, financial summaries and block renewals
- Offer suggestions for improved processes
- Liaise with local consultant teams to ensure templates are current and valid
- Validate and compare premiums for group benefit plans under vendor renewals, quotes or benchmarking exercises
- Produce experience monitoring reports for clients and analyze the impact of any recent changes
- Prepare cost projections for plan options
- Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs
- Analyze, negotiate and complete renewal reports for clients out of the Simple select
- Complete reporting for globally man Senior Manager – Risk Consulting Northeast Italy (Padova)
Skills
- Around 10 years of experience in consulting
- Based in/nearby Padova or willing to relocate
- Solid experience in managing client relationships and contributing to project leadership
- Good understanding of market expansion strategies and regional business dynamics at a mid-senior level
- Proven ability to support the development and implementation of strategic plans that deliver results
- Fluent in English
- Native Italian speaker
- Business development acumen with a consultative approach to client engagement
- Exceptional communication and interpersonal skills, capable of influencing at all organizational levels
- Analytical mindset with the ability to interpret market data and translate insights into actionable strategies
- Knowledge of the Northeast environment
- Collaborative team player with a proactive and solution-oriented attitude
Benefits
- Health and welfare benefits
- Tuition assistance
- Retirement programs
- Employee assistance programs
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