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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Reinsurance Actuary

Full-TimeUpdated
No salary listed
Senior
Bachelor's
Manila, Metro Manila, Philippines
HybridHybrid role requiring at least three days per week in the Manila office.
InsuranceActuarial & Risk Modelling

About the job

Requirements
  • At least 7 years of experience in non-life (re)insurance.
  • Prior experience in property and casualty (re)insurance, pricing, capital modeling, and/or catastrophe modeling.
  • Qualified or near-qualified actuary (FCAS, FIA, or FIAA).
  • Bachelor’s degree in Actuarial Science, Economics, Mathematics, Statistics, or a related field.
  • Coding experience with tools and languages such as Python, Alteryx, R, VBA, or SQL, and comfort working with modern analytics platforms such as Databricks.
  • Strong communication, presentation, and project management skills.
  • Ability to manage significant workflow and competing priorities through efficient time management.
Responsibilities
  • Communicate strategically with brokers, reinsurers, and clients to anticipate needs and deliver high-value reinsurance actuarial support in a fast-paced environment.
  • Build and apply complex models and analyses to assess risk and develop pricing and strategies across a range of exposures.
  • Evaluate and design optimized reinsurance structures, considering impacts on clients’ earnings volatility, capital position, and broader financial objectives.
  • Apply AI-enabled approaches to streamline and augment repeatable work, including analysis setup, sensitivity testing, quality assurance checks, documentation, and executive summaries, while maintaining actuarial standards, judgment, and controls.
  • Support broking-led revenue generation by identifying opportunities and helping position analytics-driven solutions that strengthen client relationships.
  • Help develop broking-aligned strategies that support revenue generation, identify opportunities, and position analytics-led solutions that strengthen client relationships.
  • Translate complex technical analyses and concepts into clear, practical insights for brokers and clients.
  • Apply AI and tools such as Databricks and Python to improve the speed, consistency, and scalability of analysis.
  • Mentor and train junior colleagues.

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

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