Intern - Actuarial

Company:

Mercer

Description:

Mercer’s GSD Health Actuarial team is seeking candidate for Actuarial role(s) to support client engagements focused on U.S. employers’ healthcare benefits & prescription drug strategies and financials. This is a hands-on role working with U.S. Consulting & Actuarial teams to deliver high-quality analysis and client materials. The successful candidate will be an individual contributor developing expertise by supporting client deliverables such as underwriting, financial projections, carrier selection analysis, plan design optimization, and employee contribution setting, assisting with reserving analyses, and evaluating well-being initiatives and other programs for their cost and outcome impacts.

Key Responsibilities:

• Contribute to the development of client deliverables such as underwriting and financial projections, carrier selection analysis, plan design changes and optimization, and employee contribution setting.
• Estimate incurred but not paid (IBNP) claims and assist with reserving analyses to support client financial planning.
• Analyze and evaluate well-being initiatives and other health-related programs for their cost-effectiveness and impact on outcomes.
• Collect and analyze pharmacy claims and utilization data to support client analysis and decision-making.
• Evaluation of comprehensive RFPs (Request for Proposal) to solicit proposals from pharmacy benefit managers (PBMs) or vendors.
• Evaluate the competitiveness of pharmacy benefit vendors in the market, assessing capabilities, pricing, and services to ensure clients receive the best value.
• Monitor and address significant changes or disruptions to the formulary and retail networks, working with clients to assess the impact and develop strategies to mitigate any negative effects.
• Works on complex actuarial/quantitative analysis projects with some guidance from onshore project team members to assess and project costs, rates, risks and trends associated with Rx Financials and Pharmacy Actuary Support
• Help prepare and write client communications, ensuring clarity and professionalism in reports, spreadsheets, and presentations.
• Participate in occasional client-facing activities and collaborate with senior staff on presentations and financial discussions with clients.
• Build and maintain strong working relationships with U.S. consulting teams, internal subject-matter experts, and other relevant stakeholders.
• Support project management activities including scoping tasks, managing deadlines, prioritizing competing workstreams, and ensuring timely delivery of accurate and high-quality outputs.

Qualifications:

• Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance, or a related field with steady progress toward actuarial credentials – minimum 4 exams with at least any 1 of the CS or CM series exams or master’s degree in actuarial science
• Excellent communication skills, with the ability to translate complex technical concepts for diverse audiences.

Why Join Us:
 

At Mercer, you will be part of a dynamic team that is shaping the future of healthcare benefits for U.S. employers. We offer opportunities for professional growth, exposure to diverse client challenges, and a supportive environment that values expertise and innovation.

About Mercer

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.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 reasonableaccommodations@mmc.com.

Marsh 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.

Mercer is a business of Marsh (NYSE: MRSH), 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 about Mercer, visit mercer.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, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh 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.