Marsh & McLennan - Senior Manager - Actuarial (10-12 yrs)

We are seeking a talented individual to join our Actuarial team at Mercer.

This role will be based in Gurgaon.

This is a hybrid role that has a requirement of working at least three days a week in the office.

Senior Manager Actuarial:

- This role involves working closely with the MercerRx team, analysing financial data, conducting cost projections, and providing insights to support the development and implementation of pharmacy benefit strategies.

- A key part of this role is also to act as a project manager for projects as well as liaise with onshore consultants on various work aspects.

- The candidate will be responsible for delivering an excellent and consistent experience for all our clients by meeting defined SLAs and onshore delivery protocols.

- The individual will be an offshore member of the client team.

- They will be responsible for maintaining excellent quality in their deliverables along with meeting the timelines.

- The individual should communicate their findings and suggestions through effective communication via different channels.

We will count on you to:

- Analyze pharmacy claims data and collaborate with the team to address any data-related questions or issues.

- Assist in contract review, focusing on financial terms and definitions.

- 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.

- Utilize Mercer's proprietary financial tools to evaluate financial impact of PBM proposals.

- Coordinate with team members on projects, seeking guidance and ensuring accurate and timely completion.

- Prepare presentations and reports based on completed financial models.

- Stay updated on industry trends and best practices in pharmacy benefit management.

- 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.

- Ensure seamless and superior client service delivery on the work aligned as per prescribed SLAs viz.

- Accuracy / Timeliness / Efficiency / Utilization etc.

- Proactively managing all stakeholders, which includes internal and onshore health business leaders.

- Participates in the development of company's intellectual capital to develop knowledge of health insurance actuarial services and products.

- Represent India AFG in global forums related to technical competencies and other mutual collaborations.

- Anticipate and plan for developing future technical capabilities across AFG India.

- Ensure gating procedures, process control and enhancements via reporting, RCA etc.

- Active participation in SME/knowledge sharing/training/process improvement initiatives and participate in testing of new tools/processes and roll outs.

- Innovate and implement areas of improvement on quality and efficiency.

- Support transition of new services/geographies and in managing ongoing operations of established services.

- Participate and contribute in any special / ad-hoc project requirements.

What you need to have:

- Minimum 10 years' experience overall in actuarial services (domestic or international).

- Experience in health insurance is preferred.

- Graduation/PG with Mathematics/Statistics/Actuarial Science or any subject with sizeable mathematical content Fully / Nearly qualified actuary preferably in health domain.

- 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 independently and be flexible to work under tight deadlines and changing client needs.

- Superior organizational skills and strong attention to detail.

- Sound knowledge of process documentation, development of SOP, knowledge artefacts.

- Ability to prioritize and handle multiple tasks in a demanding work environment.

What makes you stand out :

- High attention to detail.

- Good relationship skills, proven ability to work on own initiative as well as in a team.

- Stakeholder management mainly onshore stakeholders.

- Adaptable communicator, facilitator and problem solver.

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.

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

Mercer's more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries.

Mercer is a business of Marsh McLennan(NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $23 billion.

Through its market-leading businesses including Marsh, Guy Carpenterand Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment.

For more information, visit mercer. com.

Follow Mercer on LinkedInand X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment.

We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity or any other characteristic protected by applicable law.

Marsh McLennan 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 McLennan 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.