Health and Benefits Actuarial Intern

Company:

Mercer

Description:

We are seeking a talented individual to join our Health Actuarial and Financial Group (AFG), part of our People and Investments business at Marsh. This role will be based in Chicago, IL or Houston, TX. This is a hybrid role that has a requirement of working at least three days a week in the office.

Through Marsh's Health and Benefits practice, you will help employers navigate the increasingly complex world of employee benefits, people risk and employee benefit cost management. Predicting, monitoring and managing rising costs for employers is a key role.

Marsh's People and Investments 2,500+ US Health consultants deliver disciplined, consistent approaches to benchmarking, data analytics, financial management, marketing, compliance and communication.  Our client focus, integrity, expertise, and innovation are why clients choose Marsh. We are committed to setting the industry standard for ethical and transparent business practices. 

To learn more about Marsh's Health and Benefits practice, please visit https://www.mercer.com/what-we-do/health-and-benefits.html 

We will count on you to:

• Perform responsibilities comparable to full-time analysts with support from experienced colleagues   
• Complete comprehensive analysis of health care data using spreadsheet and database management software   
• Assist in the development of client communications, proposals, reports, spreadsheets, and presentations   
• Perform basic cost projections using client cost and enrollment data with Marsh's valuation model
• Price medical & prescription drug plan designs using proprietary Marsh's tools 
• Assist in the development of customized pricing through alternate scenario modeling of plan designs, programs and/or employee contributions to meet employers financial target 
• Develop basic underwriting and actuarial skills as you build an awareness of health care plan design, cost factors and numerous industry products, services and tools (including Marsh's Health products) 
• Work in a fast-paced, challenging and dynamic consulting environment with colleagues across all organizational levels   

What you need to have:

• Progress towards a bachelor’s degree in actuarial science, math, statistics, economics, engineering or other related fields 
• Status as a currently enrolled student; candidates should have an expected graduation date in the Fall of 2027 or Spring of 2028
• Record of top academic achievement (minimum preferred GPA: 3.0/4.0) 
• A commitment to achieving a Society of Actuaries (SOA) designation
• Legal work authorization in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future 

What makes you stand out?

• Strong analytical skills, both quantitative and qualitative 
• Working knowledge of Microsoft Office—Word, Excel, and PowerPoint—and advanced programming skills are a plus (e.g. R, Python, SAS and SQL) 
• Knowledge of data analysis, project management, and presentation design 
• Excellent interpersonal, verbal, and written communication skills 
• Intellectual curiosity; seeking opportunities to develop new skills 
• Superior organizational skills and strong attention to detail 

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

WHAT’S NEXT?  

• Application Instructions:   
  • Candidates must apply via the Marsh's careers website to be considered. 
  • When creating your application, please use your permanent home address and use your personal email address rather than your school email address.   

• First Round Interviews:   
  • Applications are reviewed on a rolling basis.   
  • If selected, first-round interviews consist of an on-demand digital video interview through the Phenom platform.   
  • Further timing and instructions will be provided at that time.   

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.Marsh 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 [email protected] 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 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.