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  • Phoenix, AZ

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Sr. Government Health Actuarial Consultant - FSA

MARSH & MCLENNAN COMPANIES, INC • Phoenix, AZ

Posted 12 days ago

Job Snapshot

Full-Time
Experience - Greater than 15 years
Degree - 4 Year Degree
Other Great Industries
Government, Finance, Insurance, Consultant, Accounting

Job Description

Mercer Government Human Services Consulting (GHSC) specializes in assisting government-sponsored programs in becoming more efficient purchasers of health and welfare services. Mercer GHSC brings a team of consultants, clinicians, actuaries, analysts, and accountants to a project to assure a coordinated approach to the administrative, operational, actuarial, and financial components of public-sponsored health and welfare programs.

The Government Actuarial Consultant will lead the accurate and timely data and financial analysis on large and complex state managed health and welfare capitation projects.  The Government Actuarial Consultant will also to be the actuarial expert for projects and proposals, as well as the mentor for more junior actuarial staff and oversee their basic actuarial work. To fulfill this role, the Actuary will\:

  • Serve as lead or co-lead actuary on large and complex state managed health and welfare capitation projects.  These capitation projects are commissioned by government entities to determine the rates that they will pay for health and welfare services covered by their plans. 
  • In conjunction with the project leader, work with the client to define the scope of the project.  Serve as expert on rate structure and methodology.  Ensure project consistent with federal regulations and actuarial standards.  Determine the appropriate data sources for the specific project's data analysis. 
  • Provide actuarial oversight and guidance in developing the data model
  • Develop the rate setting assumptions that are built into the data model and informs client and project team on impact of data assumptions.  Oversee data analysis that is conducted by junior staff members.  Provide on-going review and guidance during the data analysis process.  Review data analysis results for actuarial soundness.  Present client with sub analyses throughout project cycle. 
  • Collaborate with client team and project team to finalize rates. Educate client on the impact of their policies on the data and rates.
  • Draft project communications, including rate capitation letters.  Act as actuarial authority that signs and certifies rate capitation letters.
  • Present results and analysis to clients and key stakeholders.  During presentations, answer detailed and challenging questions regarding the data
  • Serve as either an actuarial project lead or lead project manager. 
  • Ensure project scope clearly defined, timelines clearly established, work allocated to staff members, project documents are completed and correct, keep project and client teams informed 
  • May direct the work of employees in a team and/or coach/mentor others
  • Participate in request for proposal (RFP) process.  Define approach to projects, methodology of data modeling and preliminary scope of actuarial work required to complete project.  Draft proposals defining suggested methodologies and estimated scope of work for RFPs.
  • Stay current on Health Policy environment and consider the implication of policy, law, political, etc. changes impact client and client's programs
  • Develop intellectual capital, which may include policy discussion with others, design of new data model or tool, or research

Job Requirements

  • BA/BS degree
  • Minimum seven years health benefit or relevant actuarial experience
  • Strong analytical and mathematical skills; strong command of Excel
  • Excellent interpersonal skills; strong oral and written communication skills
  • Ability to prioritize and handle multiple tasks in a demanding work environment
  • Strong critical thinking and analytical problem-solving skills
  • Ability to work independently and on a team
  • Must have passed at least three preliminary Society of Actuaries (SOA) exam, and plan to continue taking exams
At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We’re in the business of creating more secure and rewarding futures for our clients and their employees — whether we’re designing affordable health plans, assuring income for retirement or aligning workers with workforce needs. Using analysis and insights as catalysts for change, we anticipate and understand the individual impact of business decisions, now and in the future. We see people’s current and future needs through a lens of innovation, and our holistic view, specialized expertise, and deep analytical rigor underpin each and every idea and solution we offer. For more than 70 years, we’ve turned our insights into actions, enabling people around the globe to live, work, and retire well. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. At Mercer, we say we Make Tomorrow, Today. Visit www.mercer.com for more information and follow us on LinkedIn and Twitter @Mercer.
Mercer LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol\: MMC).
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits.  For more information about our company, please visit us at\: http\://www.mmc.com/.  We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at\: www.mmc.com/diversity.
 
Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
Job ID: PHO000JD
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