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Vice President, Actuarial Services

Job in Schaumburg, Cook County, Illinois, 60159, USA
Listing for: Marsh McLennan Agency
Full Time position
Listed on 2026-05-18
Job specializations:
  • Finance & Banking
    Actuary, Risk Manager/Analyst
  • Insurance
    Actuary, Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 115000 - 214500 USD Yearly USD 115000.00 214500.00 YEAR
Job Description & How to Apply Below

Vice President of Actuarial Services – Financial Analytics Team

Responsibilities
  • Lead and expand actuarial and financial analytics services.
  • Oversee actuarial compliance, regulatory reporting, and the development of proprietary models and analytics.
  • Unify and manage underwriting and actuarial teams, drive innovation, and enhance competitive position.
Qualifications
  • Minimum 10 years of actuarial experience in Health Insurance/Benefits Consulting, with proven ability to work in a matrixed environment with competing priorities.
  • Leading, managing, and developing Actuarial and Underwriting teams, fostering a unified and collaborative environment.
  • Expertise in self‑funded employee benefits, medical, Rx, stop loss, IBNR, and discount analysis, and overseeing actuarial compliance and regulatory reporting.
  • Providing consultative support throughout the client lifecycle, assisting with prospective efforts, and supporting renewal negotiations.
  • Developing, validating, and innovating proprietary actuarial models, templates, and financial analyses.
  • Collaborating with Financial Analytics and other actuarial hubs to enhance cost projection processes and ensure actuarial soundness.
  • Bachelor's Degree or equivalent work experience and an Associate or Fellow of the Society of Actuaries.
Additional Qualifications (Plus but not required)
  • Proficiency in MS Office (Word, Excel, PowerPoint), with advanced skills in Excel, Access, and actuarial software.
  • Willingness to travel up to 30%.
Compensation & Benefits

The applicable base salary range for this role is $115,000 to $214,500. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to the base salary, this position may be eligible for performance-based incentives. We also offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401(k) savings, and other retirement programs as well as employee assistance programs.

Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

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