Mercer | Actuarial Analyst – Retirement & Health Benefits – Toronto - 2026 New Grad

Marsh McLennan•Toronto, ON

1d•Hybrid

About The Position

Mercer is seeking an Actuarial Analyst – Retirement & Health Benefits to join their Global Actuarial Services Delivery (GSD Canada) team in Toronto. This is a hybrid role requiring at least three days a week in the office. The Wealth Consulting Business focuses on retirement and investment consulting for financial wellness, while the Health Consulting Business assists employers with medical, dental, life, and disability benefit plans. The GSD Canada team provides analytical services to enhance consistency, quality, and efficiency across these businesses.

Requirements

Strong analytical skills
Working knowledge of Excel and other MS-Office software programs
Excellent interpersonal, verbal, and written communication skills
Intellectual curiosity; seeking opportunities to develop new skills
Ability to work in teams
Flexibility to work under tight deadlines and changing client needs
Superior organizational skills
Strong attention to detail

Nice To Haves

A bachelor's degree in actuarial science, mathematics, statistics, or a related field
Progress towards the ASA/FSA designation

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 pension landscape, including union negotiations, risk transfer and public policy