Lead Specialist/Manager – Health Actuarial

We are seeking a talented individual to join our Health Actuarial team at a Marsh business. 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.

Job Title: Lead Specialist/Manager (D Level) – Health Actuarial

This role support client engagements focused on U.S. employers healthcare benefits strategy and financials. This is a hands-on role working with U.S. consulting & Actuarial teams to deliver high-quality analysis and client materials. The successful candidate will be an individual contributor who is developing into a lead role – occasionally presenting to clients, guiding junior analysts, and partnering with senior colleagues.

We will count on you for:

• Contribute to client deliverables including underwriting and financial projections, carrier selection analysis, plan design changes and optimization, and employee contribution setting.
• Estimate incurred but not paid (IBNP) claims and support reserving analyses.
• Analyze and evaluate well-being initiatives and other programs for cost and outcome impacts.
• Build and maintain relationships with U.S. consulting teams, internal subject-matter experts, and relevant stakeholders.
• Support project management activities: scope tasks, manage deadlines, prioritize competing workstreams, and ensure timely delivery of accurate outputs.
• Prepare clear, client-ready materials (models, slide decks, and reports) and communicate technical findings to non-technical audiences.
• Provide guidance or direction to junior analysts and contribute to team knowledge sharing and training (including training your replacement, when required).
• Participate in occasional client-facing activities and partner with senior staff on presentations and financial client contacts.

What you need to have:

• Minimum 6 years of actuarial experience, US H&B Actuarial experience is preferred.
• Strong analytical, problem-solving, and interpretation skills with attention to numerical accuracy.
• Practical knowledge of health & benefits (H&B) domain preferred—experience with employer-sponsored healthcare in the U.S. is an advantage.
• Prior actuarial consulting experience in healthcare or experience independently managing multiple complex projects.
• Experience serving as a financial client contact or leading client presentations.
• Familiarity with actuarial reserving (IBNP), underwriting analytics, or carrier selection frameworks.
• Proven ability to manage multiple tasks in a demanding environment and adapt to rapidly changing priorities.
• Solid project management skills and ability to work both independently and collaboratively.
• Advanced proficiency with MS Excel; comfortable preparing PowerPoint deliverables and client reports.
• Any graduate degree – preferably in Mathematics, Statistics, Actuarial Science, Economics, Finance, or another quantitatively rigorous discipline.
• Preferably 3–4 actuarial exams cleared, including CS and CM or equivalent progress toward actuarial qualification.

What will make you stand out:

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  Self-starter with strong interpersonal skills and a collaborative mindset.
• High attention to detail, proven ability to work on own initiative as well as in a team
• Stakeholder management mainly onshore stakeholders
• Adaptable communicator, facilitator and problem solver. Fluent written and spoken English; ability to present technical concepts to non-technical audiences.
• Ability to multi-task and prioritize time effectively and demonstrate quick learning skills
• Demonstrated experience translating technical analysis into practical client recommendations.

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 on 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 is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh 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 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.