Health & Benefits Actuarial Associate

Description:

We are seeking a talented individual to join our H&B Consulting team at Mercer as a Health & Benefits Actuarial Associate.

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

You will Participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees. Work in a collaborative environment on a wide variety of client teams with any number of our Health colleagues and Support clients in the financial and strategic management of their employee benefit programs through analysis and communication.

The applicable base salary range for this role is $84,000 to $126,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. 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, retirement programs as well as employee assistance programs.

We will count on you to:

• Provide accurate and timely data and financial analysis on various projects for medical, dental, life and disability programs.
• Lead actuarial valuations of post-retirement and post-employment benefits, including data validation, assumption setting, and report preparation
• Validate and compare premiums for group benefit plans under vendor renewals, quotes or benchmarking exercises with other companies in the industry.
• Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes.
• Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs.
• Analyze cost drivers by reviewing client's utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client's vendor reports or raw data from external databases.
• Perform analyses for larger, more complex clients, including more in-depth analysis for complex situations that may require additional research or discussion with Mercer subject matter experts.
• Perform technical reviews of any of the above when prepared by a junior member of a client team.
• Gather necessary data from the vendor or client; review to ensure it is complete, accurate and reasonable; and prepare data in a particular template or format for use in basic or advanced financial analyses.
• Work with your client teams to develop recommendations and reporting for clients based on your analysis.
• Review amendments, contracts, and booklets.
• Assist with Special Risk accounts.

What you need to have:

• Working toward actuarial designation with the Society of Actuaries and/or Canadian Institute of Actuaries
• 3-4 years related experience in employee benefits consulting or related actuarial valuation work
• Strong organizational skills.
• Strong oral and written communication skills.
• Ability to handle multiple tasks in a demanding fast-paced work environment.
• Ability to work in a team environment where the priorities and requirements may change quickly.
• Time management skills.
• Proficiency with Microsoft Office (Excel, Word, PowerPoint)
• Will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies.

What makes you stand out:

• Post-secondary degree or equivalent experience in actuarial science, mathematics, statistics, finance or a related field.
• Familiarity or experience with group insurance benefits (through work experience, CEBS GBA designation or working towards it)
• LLQP or equivalent based on Province.

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 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 $27 billion and more than 95,000 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, 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, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact 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.The applicable base salary range for this role is $84,000 to $126,000.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, retirement programs as well as employee assistance programs.This is a Replacement position.