Mercer Retirement 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 Wealth - Retirement 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 Actuarial Analyst Co-Op in the Wealth 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 programs that support clients’ success.

Requirements

Strong analytical skills and 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 and be flexible 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, mathematics, statistics, finance, or a related field when internship begins
Strong preference will be given to students demonstrating progress towards the ASA/FSA designation
Previous relevant work experience

Responsibilities

Perform retirement actuarial valuations 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 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