Business Development Actuary, Life & Annuity

Guy Carpenter’s global Life and Annuity Reinsurance team helps our clients deliver on growth and changing risk strategies. Working with GC Securities and GC Strategic Advisory colleagues, we provide clients solutions for divesting and monetizing underperforming and non-core businesses, increasing capital efficiency and supporting new growth opportunities.

Our global Life and Annuity Reinsurance team is seeking candidates for the following position located in the New York, Philadelphia, Chicago or St. Louis office.

What to expect:

• You will support additional origination, deal management and transaction execution for the Global Risk Solutions team.
• In addition to advising and pricing Life & Annuity products and reinsurance solutions, you will also support with data analytics, financial modelling, client presentations, NDAs, engagement letters and service level agreements.
• As part of the wider sales unit you will advise clients on technical risk quantification, risk management and reinsurance pricing topics.
• You will work collaboratively both within the Global Risk Solutions and with various functions and subject matter experts within Guy Carpenter/Marsh/ Mercer/Oliver Wyman across the United States, Canada, Latin America and indeed, globally.

What's in it for you?

• Social Impact volunteering opportunities available for all colleagues through a network of colleague and business partnerships.
• Competitive pay (salary and bonus potential), Full benefits package – starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND contribution.
• Actuarial Student Program to support and reward your progression toward ASA and FSA.
• Significant growth opportunities within the team and across the MMC platform of companies.

We will count on you to:

• Bring valuable life re/insurance expertise including practical knowledge of US GAAP and Statutory accounting (concentrating on recent PBR changes), as well as economic, rating agency and regulatory capital.
• Understand jurisdictional benefits (non-US) from a tax, accounting, capital and regulatory standpoint
• Price and structure reinsurance programs, collaborating with actuarial colleagues and contributing to cross-functional teams
• Support manager and team with front line client servicing (supply of market information, negotiating amendments/improvements to cover, facilitating client/reinsurer meetings etc.)

What you need to have:

• Actuarial designation (IAF, FSA, FIA, SAV, ASA or equivalent)
• 3 – 7+ years post-qualification experience in Life & Annuity re/insurance and/or on re/insurance transactions
• Knowledge of Americas re/insurance markets, with focus on USA
• Willingness to deal with international clients and markets

What makes you stand out:

• Specialized experience structuring annuity and life transactions, data mining skills related to the S&P Capital IQ Pro platform

GUY CARPENTER

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. 

Marsh McLennan 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, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), 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.

The applicable base salary range for this role is $114,700 to $210,400.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.