Health & Benefits Actuarial Associate

Marsh McLennan•Toronto, ON

2d•CA$84,000 - CA$126,000•Hybrid

About The Position

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.

Requirements

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.

Nice To Haves

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.

Responsibilities

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.