Health Consulting Actuarial Analyst – San Francisco – College Prorgam 2026

Company: Mercer

Description:

We are seeking a talented individual to join Mercer’s Health Actuarial team as an Analyst. This role will be based in San Francisco, CA. This is a hybrid role that has a requirement of working at least three days a week in the office or from a client site.

Mercer is uniquely qualified to help organizations design and execute sophisticated workforce strategies, whether it’s for a multinational organization or a local company attempting to grow within its market. We provide best-in-class consulting, rigorous analytics, and data-driven insights that help organizations make fact-based decisions.

Mercer’s 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 Mercer. We are committed to setting the industry standard for ethical and transparent business practices.

Health actuarial analysts work closely with senior consultants in the design, financing, pricing, and administration of client companies’ health and welfare programs. You will be part of teams that plan designs, contribute strategies, and conduct benchmark studies that meet your client’s benefit and financial needs. Our stimulating and learning-filled environment will help you build strong relationships with your colleagues and our clients.

To learn more about Mercer’s Health practice, visit

We will count on you to:

• Develop employee contribution strategies to meet employer cost objectives
• Assist in the development of customized pricing and valuation models
• Price medical and prescription drug plan designs using proprietary Mercer tools
• Analyze vendor renewals and plan experience and estimate future plan costs
• Develop basic underwriting and actuarial skills as you build an awareness of health care plan design, cost factors, and the renewal process as well as industry products, services, and tools, including Mercer Health products, the vendor/insurance carrier market, and budget setting, rate setting, and evaluation

What you need to have:

• A bachelor’s degree with graduation year in Fall 2025 or Spring 2026 and concentration(s) in actuarial science, math, statistics, economics, engineering and/or other related fields is highly preferred
• Minimum GPA of 3.0/4.0
• A commitment to achieving a Society of Actuaries (SOA) designation as demonstrated by having successfully passed at least one SOA exam or other related professional certification
• Legal work authorization to work 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
• Ability to work in teams and be flexible to work under tight deadlines and changing client needs
• 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.
• Be challenged to deliver impactful solutions for major organizations and have a direct impact on their employees
• Fine tune your natural skills and learn new ones
• Excellent growth, mobility and advancement opportunities
• Best-in-class actuarial study program to ensure you are supported in your journey to become a credentialed actuary, including competitive salary increases commensurate with your achievements.

COMPANY PROFILE:

Mercer believes in building brighter futures by redefining the world of work,…