Actuarial Analyst – 2027 Internship - Montreal

Marsh McLennan•Montreal, QC

4d•Hybrid

About The Position

Mercer Canada is seeking talented individuals to join their teams in Montreal for 2027 Actuarial Analyst Internships. This is a hybrid role requiring at least three days a week in the office. Interns will have the opportunity to work within various business units, including Retirement Consulting, Investments Consulting, Health & Benefits Consulting, Pension Administration Services, and International Consulting. The specific responsibilities will vary depending on the business unit, but will generally involve performing actuarial valuations, data analysis, report production, benefit calculations, financial modeling, and collaborating with professional teams to address actuarial challenges.

Requirements

Completion of one (1) year towards a bachelor's degree in actuarial science, mathematics, statistics, finance, administration or a related field when internship begins.
Superior analytical skills and working knowledge of Excel and others MS-Office software programs.
Excellent interpersonal, verbal, and written communication skills.
Intellectual curiosity; seeking opportunities to develop new skills.
Strong aptitude for teamwork and a willingness to be adaptable to meet deadlines and accommodate shifting client needs.
Superior organizational skills and strong attention to detail.
Excellent oral and written communication skills in French and English.

Responsibilities

Perform retirement and post-retirement benefits actuarial valuation including validation of data, analysis of the plan’s gains and losses, analysis of the plan’s asset performance, and preparation of the valuation report and related forms.
Production of year-end accounting disclosure and projection of expenses for plans under various financial reporting standards including IFRS, CPA and FAS.
Complete benefit calculations, review plan documents, produce employee benefit statements and prepare annual government forms.
Participation in the design and pricing of client’s employee pension plans and executive pension benefits, including cash flow modelling, demographic projections and evaluation of liabilities within an asset-liability framework.
Production of various experience studies to refine demographic and financial assumptions used in actuarial valuations.
Designing and implementing strategies to manage defined benefit pension plan volatility, including funding strategy, plan design and risk transfer solutions.
Work in an integrated team of professionals from different offices to resolve modern actuarial problems in the Canadian retirement benefits landscape, including union negotiations, risk transfer and public policy.
Conduct quantitative and qualitative analysis utilizing Mercer proprietary tools.
Produce quarterly performance reports for our clients.
Critically analyze different investment markets, managers' investment styles, and portfolio characteristics, and evaluate their impact on investment performance each quarter.
Communicate with investment managers, record keepers and custodians to gather and/or clarify client-specific data for reporting.
Play an important role in investment manager searches, asset allocation studies, and other ad-hoc investment-related projects.
Support consultants in servicing existing clients and prospects.
Demonstrate ease and effectiveness when dealing with clients and colleagues at all levels.
Represent and promote the “face” of Mercer, both internally and externally.
Develop strategies and solutions related to the costs and funding of group insurance plans.
Participate in actuarial valuations of post-retirement benefits, including data validation, setting assumptions, analyzing plan gains and losses and preparing the valuation report.
Validate and compare premiums for group benefit plans under 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.
Evaluate employer obligations by participating in each step of an actuarial valuation.
Assist in updating national databases of Mercer clients.
Work in collaboration with professionals to resolve technical actuarial problems specific to group insurance and the business sector.
Familiarize oneself with Mercer products and services as well as group benefit market trends in order to meet client needs.
Understand group benefit coverage by reviewing contractual documents for the employer and employees.
Calculate pension benefits and prepare statements of entitlements resulting from various events (termination of employment, retirement, death, divorce, transfer, etc.) for members of pension plans.
Update and manage client’s databases.
Prepare annual statements for active and inactive members.
Calculate pension adjustments (PA) and pension adjustment reversals (PAR).
Prepare annual information returns for submission to governmental authorities.
Work in collaboration with professionals to meet the needs of our clients and their employees.
Participate in the continuous improvements of systems and procedures.
Act as a resource person for clients and their employees on plan benefits and other administration processes.
Understand the provisions of the plans and the various applicable laws.
Work as a global benefit coordinator for a multinational client foreign benefit renewals activities.
Work in collaboration with a consultant to consolidate worldwide pension and other post-employment benefits financial reporting.
Coordinate phases of the project with local actuaries across the globe.
Review disclosures and assumptions provided by local actuaries for reasonableness, consistency and compliance with appropriate accounting standard.
Work in collaboration with a consultant for benefits review projects.
Research Mercer internal documentation and surveys on market practices information in foreign countries, such as recent benefit trends and legislative changes.
Coordinate benefit review projects with the involved parties (i.e. client local office and HQ, Mercer international consultant, local Mercer specialist, etc.).