Retirement Consulting Actuarial Analyst

Company:

Mercer

Description:

A Retirement Consulting Actuarial Analyst plays a critical role within the retirement team, providing actuarial expertise and analytical support to help organizations design, manage, and evaluate retirement benefit plans. This role involves applying actuarial principles and quantitative methods to assess pension liabilities, forecast future costs, and ensure compliance with regulatory requirements. You will be part of an exciting new opportunity within the firm that will allow you to directly contribute to our clients and provide tremendous value to our team.

What is in it for you?

• Supports all aspects of pension consulting work including design and planning of benefit strategies, drafting correspondence to clients on a range of consulting issues, and preparing agendas, papers and minutes for trustees’ meetings.
• Attends and participates in client meetings with consultants.
• Liaises with other Mercer businesses to deliver a streamlined service to clients.
• Deals with routine queries received from clients, scheme members, third parties and other Mercer businesses.
• Provides support on actuarial valuations (any sort of valuation under Defined Benefit Plans—pension plans or End of Service Plans).
• Pension valuation support (coding, communication with the client, attending meetings, etc.).
• Performs necessary calculations or analysis on special retirement projects, analyzing their impact on all of a client’s retirement plans, including assumption studies, plan design studies, plan terminations, early retirement window studies, post-retiree medical and acquisition studies.
• Performs and models calculations and/or projections to meet project specifications.
• Assists Senior Consultants with day-to-day client contact and problem resolution for larger clients.

We will count on you to:

• • Collect, validate, and analyze participant data to ensure accuracy in actuarial models.
• • Build and maintain actuarial models to project future pension costs and funding scenarios.
• • Assist in preparing reports and documentation to meet regulatory and funding standards.
• • Work effectively within project teams, supporting senior consultants and contributing to client deliverables.
• • Stay informed about industry changes and contribute ideas to improve actuarial processes and methodologies.
• • Take a role in global actuarial valuation/accounting projects and increase communication with internal and external stakeholders.

What You Need To Have:

• Strong quantitative and problem-solving skills with attention to detail.
• Ability to explain technical information clearly and effectively to both technical and non-technical audiences.
• Demonstrated ability to work collaboratively in a team-oriented environment.
• A genuine interest in retirement consulting and pension plan design.
• General understanding of pension regulations and funding requirements is advantageous.
• A bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or a related quantitative field. Progress toward actuarial credentials (e.g., passing preliminary actuarial exams) is highly desirable.
• Proficiency in Excel and actuarial software.
• Strong communication skills; you will collaborate with client teams across multiple locations so the ability to communicate effectively is key.
• Exceptional time management skills; although this role is highly collaborative, work is also self-directed, so you will need to manage your time effectively.
• Maximum of 3–4 years of experience.

What Makes You Stand Out:

• • Bachelor’s or Master’s degree.
• • Demonstrated commitment to continuous learning and professional development, including actuarial exam progress.
• • Experience in the insurance/pension or consultancy sector.
• • Advanced skills in actuarial modeling software and programming tools that enhance efficiency and accuracy.
• • Collaborative attitude with a willingness to support colleagues and contribute to team success.

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, skin color, or any other characteristic protected by applicable law.Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.