Actuarial Analyst

Introduction At Gallagher, we help clients face risk with confidence because we believe that when businesses are protected, they’re free to grow, lead, and innovate. You’ll be backed by our digital ecosystem: a client-centric suite of consulting tools making it easier for you to meet your clients where they want to be met. Advanced data and analytics providing a comprehensive overview of the risk landscape is at your fingertips. Here, you’re not just improving clients' risk profiles, you’re building trust. You’ll find a culture grounded in teamwork, guided by integrity, and fueled by a shared commitment to do the right thing. We value curiosity, celebrate new ideas, and empower you to take ownership of your career while making a meaningful impact for the businesses we serve. If you’re ready to bring your unique perspective to a place where your work truly matters; think of Gallagher. Overview The Gallagher National Risk Control Team is now the Gallagher Claims and Risk Consulting Team. This new team is equipped with experts, processes and solutions to help you meet the evolving nature of risk. As risk evolves, so has Gallagher with tools and programs to help you proactively meet these challenges now and in the future. Gallagher's Claims and Risk Consulting team includes more than 100 safety and risk control professionals across the country with in-depth knowledge of current and emerging regulations, safety and health management, and operational exposures. How you'll make an impact Actuarial Analysis and Risk Evaluation: Prepare and interpret risk data for complex purposes and external stakeholders. Design insurance or retirement plans, calculate plan premiums, and determine cash reserves and premium rates to ensure sufficient funds for benefits payment and profitability. Participate in rate-making, reserving, and risk evaluation functions. Determine rates of mortality, sickness, retirement, etc., based on statistical data analysis. Technical Accuracy and Compliance: Check actuarial calculations and reports to ensure technical accuracy and compliance with standards. Perform actuarial work with immediate oversight, adhering to Standard Operating Procedures and actuarial models. Client Engagement and Problem Solving: Interact with clients to develop relationships and provide tailored solutions. Adjust or recommend solutions to account issues to solve problems or improve client effectiveness. Identify trends and insights, communicating findings to key stakeholders. Data Management and Analysis: Lead data collection and manipulation within spreadsheets and database applications. Standardize datasets for evaluating clients’ risk and providing actuarial indications. Perform benchmarking analysis, loss ratio analyses, and evaluate premium pricing against peers. Presentation and Reporting: Assist in the preparation and presentation of materials for clients, including PowerPoint presentations, Power BI dashboards, and summary reports. Ensure all worksheets and analyses are clearly documented, footnoted, and reviewed by senior actuaries. Research and Development: Manage and conduct research projects, communicating findings to others under minimal supervision. Continuously update actuarial templates, macros, and industry data. Assist with running Monte Carlo simulation models and preparing reserving strategies. Team Collaboration and Leadership: Work independently or with a team on larger, low to moderately complex client projects/engagements. Train new team members and contribute to the development of the internship program by mentoring interns. Support general and actuarial consultants on ad hoc projects. Compliance and Special Projects: Comply with internal controls and company values while completing training and administrative activities. Perform special projects and other duties as assigned. About You Required: Bachelor’s degree; 3 years related experience. Desired: Membership of the Society of Actuaries (SOA) with a designation of Associate, Society of Actuaries (ASA), or membership of the Institute and Faculty of Actuaries (IFoA). Strong exam progress towards, or qualification as, Fellow Society of Actuaries (FSA) or Fellow of the IFoA (FIA or equivalent). Work Traits: Demonstrates strong Communication skills; Analytical skills; Attention to detail; Financial acumen; Business acumen. Compensation and benefits We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve: Medical/dental/vision plans, which start from day one! Life and accident insurance 401(K) and Roth options Tax-advantaged accounts (HSA, FSA) Educational expense reimbursement Paid parental leave Other benefits include: Digital mental health services (Talkspace) Flexible work hours (availability varies by office and job function) Training programs Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing Charitable matching gift program And more... **The benefits summary above applies to fulltime positions. If you are not applying for a fulltime position, details about benefits will be provided during the selection process. We value inclusion and diversity Click Here to review our U.S. Eligibility Requirements Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest. Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business. Actuarial Analysis and Risk Evaluation: Prepare and interpret risk data for complex purposes and external stakeholders. Design insurance or retirement plans, calculate plan premiums, and determine cash reserves and premium rates to ensure sufficient funds for benefits payment and profitability. Participate in rate-making, reserving, and risk evaluation functions. Determine rates of mortality, sickness, retirement, etc., based on statistical data analysis. Technical Accuracy and Compliance: Check actuarial calculations and reports to ensure technical accuracy and compliance with standards. Perform actuarial work with immediate oversight, adhering to Standard Operating Procedures and actuarial models. Client Engagement and Problem Solving: Interact with clients to develop relationships and provide tailored solutions. Adjust or recommend solutions to account issues to solve problems or improve client effectiveness. Identify trends and insights, communicating findings to key stakeholders. Data Management and Analysis: Lead data collection and manipulation within spreadsheets and database applications. Standardize datasets for evaluating clients’ risk and providing actuarial indications. Perform benchmarking analysis, loss ratio analyses, and evaluate premium pricing against peers. Presentation and Reporting: Assist in the preparation and presentation of materials for clients, including PowerPoint presentations, Power BI dashboards, and summary reports. Ensure all worksheets and analyses are clearly documented, footnoted, and reviewed by senior actuaries. Research and Development: Manage and conduct research projects, communicating findings to others under minimal supervision. Continuously update actuarial templates, macros, and industry data. Assist with running Monte Carlo simulation models and preparing reserving strategies. Team Collaboration and Leadership: Work independently or with a team on larger, low to moderately complex client projects/engagements. Train new team members and contribute to the development of the internship program by mentoring interns. Support general and actuarial consultants on ad hoc projects. Compliance and Special Projects: Comply with internal controls and company values while completing training and administrative activities. Perform special projects and other duties as assigned. Required: Bachelor’s degree; 3 years related experience. Desired: Membership of the Society of Actuaries (SOA) with a designation of Associate, Society of Actuaries (ASA), or membership of the Institute and Faculty of Actuaries (IFoA). Strong exam progress towards, or qualification as, Fellow Society of Actuaries (FSA) or Fellow of the IFoA (FIA or equivalent). Work Traits: Demonstrates strong Communication skills; Analytical skills; Attention to detail; Financial acumen; Business acumen.