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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