What are the responsibilities and job description for the Actuarial Analyst position at Marsh & McLennan Companies?
Company : Description :
Assists in moderately complex or large actuarial / quantitative analysis projects, and may delegate tasks to a junior project team member on basic / routine projects, with guidance from senior project team members, in order to model, quantify, and forecast risk, cost, and financial impact (for example, funding analyses or loss accruals) of potential events in traditional and captive insurance projects.
Communicates with clients and vendors to obtain initial client data requirements, establish parameters and scope of project, and to address client concerns and questions during the project.
Provides peer review of modelling and analyses of junior project staff members to ensure all documents produced adhere to established standards and to ensure quality control of final product.
Performs moderately complex analyses using existing models in Excel with modifications to the template parameters based on client information, project needs, and other factors, such as policies and regulations.
Drafts final report texts, including information about project assumptions, findings, implications, and solutions, as applicable, with guidance and review from senior project team members.
Develops the intellectual capital of the business, including researching regulatory requirements and drafting industry benchmarking reports and updating modelling templates, in order to further develop the company's offerings, as well as personal knowledge of insurance actuarial services and products.
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