Actuarial Specialist

Marsh is seeking candidates for our Actuarial Specialist position. This is a hybrid role which will require 3 days in office and this position can be based in multiple locations.Actuarial SpecialistWhat can you expect?• Leading risk analytics engagements to help Marsh’s clients answer key risk management questions related to how to structure their insurance programs, how much risk to take on, and more• Working with data and creating loss projections across a wide array of property and casualty risks, including more nuanced ones like Cyber, for clients from all types of industries, operations, and sizes• Performing quantitative modeling and statistical analyses to assess risk and determine the viability / effectiveness of various risk mitigation solutions• Getting exposure to clients and seeing your work have a tangible impact on their decisions and strategy• Coaching junior team members on the delivery of analytics-based tools and analyses and present findings to the client• Managing data, working with key stakeholders, and developing new loss models for widespread use within and outside of the organizationWhat is in it for you?• Joining a collaborative, highly motivated team with a strong track record of collaboration and camaraderie• A company with a strong brand, with experience developing solutions for todays and tomorrow’s toughest challenges• A culture of internal mobility, diversity, inclusion, and collaboration• Employee Resource Groups which provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations• Flexible work opportunities for work/life balance• Competitive pay and a full benefits package, starting Day 1 (Medical, Dental, Vision, Short- and Long-Term Disability and Life Insurance, Employee Stock Purchase program, and a generous paid time-off allowance); plus a fixed company contribution AND a company match on your 401k, after one year of serviceWe will count on you to:• Analyze different types of Property & Casualty risks, including, but not limited to, Liability, Property, Cyber, Directors and Officers.• Apply highly developed knowledge of models and analyses to assess risk and the financial pros/cons of various risk mitigation solutions.• Utilize actuarial and Monte Carlo techniques to model risks and evaluate insurance coverages available to clients.• Perform actuarial analysis of client's key risk drivers to assess the cost/benefit of different insurance options.• Consult with clients on issues that may be unclear to them and implement actionable insights to analyze and mitigate risk.• Support Marsh USA sales and client service - both brokerage and consulting - through presentation of results to clients, explanation or methodology, and analysis of alternative solutions to support need for data driven insights.What you need to have:• A minimum of 5 years of property & casualty actuarial analysis experience• Multiple years of experience building, reviewing, and maintaining complex actuarial models, such as loss and premium calculations using loss modeling tools, statistical models, and spreadsheet applications• Experience working cross-functionally with IT, Underwriting, Finance, and/or clients to turn raw data into meaningful outputs and drive greater organizational value and producing presentations to deliver these insights• Experience using actuarial analyses to conduct industry and peer benchmark research, define trends, and draw conclusionsWhat makes you stand out?• Knowledge of commercial insurance programs – including specialty insurance (examples include Directors’ and Officers’, Cyber, and Errors and Omissions)• Expert level of proficiency with MS Excel (VBA a plus).• Familiarity with either SAS, SQL, R, or Python• Associate or Fellow of the Casualty Actuarial SocietyMarsh is the world’s leading insurance broker and risk adviser. With more than 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter.Marsh McLennan 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 TANA@mmc.comMarsh McLennan 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 McLennan 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.The applicable base salary range for this role is $105,900 to $226,000.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.R_278220