Mercer Health Actuarial Analyst Co-Op - Toronto - Fall 2026

Marsh McLennan•Toronto, ON

19h•Hybrid

About The Position

We are seeking a talented individual to join our Mercer Marsh Benefits (MMB) team at Mercer. This role will be based in Toronto for the Fall 2026 term. This is a hybrid role that has a requirement of working at least three days a week in the office. As an Employee Benefits Actuarial Co-Op in the MMB practice, you will work with a broad range of clients and industries in a stimulating environment, participating as an integral member of project teams to design benefits programs that support clients’ success.

Requirements

Strong analytical skills, both quantitative and qualitative, and working knowledge of Excel
Experience in data analysis and presentation design
Excellent interpersonal, verbal, and written communication skills
Intellectual curiosity, seeking opportunities to develop new skills
Flexibility, adaptability, and the ability to work under tight deadlines and changing client needs
Superior organizational skills and strong attention to detail

Nice To Haves

Completion of two (2) years towards a Bachelor's Degree in Actuarial Science, Statistics, Mathematics or related field preferred
Previous relevant work experience

Responsibilities

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 80+ Health colleagues in Toronto.
Support clients in the financial and strategic management of their employee benefit programs through analysis and communication.
Employ actuarial techniques to perform valuation modelling of retiree group benefit plan costs and post-employment obligations
Perform basic or complex calculations with respect to the costs of our clients’ current employee benefit plans and insurance arrangements, including using Mercer’s internal tools to price plan design changes and prepare future cost projections.
Gain an understanding of basic project management and consulting skills including: managing the quality and timeliness of client deliverables, participating in client calls and meetings as appropriate and assisting with the preparation of clear and concise client-friendly communications
Gain an understanding of the following, through online training, group sessions, or one-on-one training with colleagues: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation.