Actuarial Employee Benefits Associate

Marsh; Toronto; Hybrid; CAD 84,000 - 126,000; Full time

Benefits offered by this job

Health and welfare benefits

Tuition assistance

Retirement programs

Employee assistance programs

Job summary

Marsh in Toronto is seeking an Actuarial Employee Benefits Associate to join the People & Investments team. The role focuses on delivering data and financial analysis for medical, dental, life and disability programs, with a hybrid work arrangement requiring three days in office weekly.

You will lead valuations, prepare quarterly monitoring reports, analyze policy renewals, and tailor cost analyses for diverse clients while collaborating with experts and mentoring junior staff.

Qualifications

• Post-secondary degree or equivalent experience in actuarial science, mathematics, statistics, finance or a related field
• 3-4 years related experience in employee benefits consulting or related actuarial valuation work
• Strong organizational and time management skills with the ability to handle multiple tasks in a demanding fast-paced work environment
• Strong verbal and written communication skills
• Ability to work in a team environment where the priorities and requirements may change quickly

Responsibilities

• Lead actuarial valuations of post-retirement and post-employment benefits, including data validation, assumption setting, and report preparation
• Prepare and analyze quarterly experience monitoring reports, providing insights on recent trends and changes
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools
• Lead analysis of group benefit policy renewals and marketings, including drafting of key client deliverables
• Analyze financial statements and utilization data to identify cost drivers and trends, tailoring recommendations to client needs
• Collect, verify, and prepare data for financial analysis, ensuring accuracy and completeness
• Conduct in-depth analyses for complex clients, collaborating with subject matter experts as needed
• Review work and provide feedback to junior team members, fostering a collaborative learning environment

Job description

We are seeking a talented individual to join our Employee Benefits Actuarial team, part of our People & Investments business at Marsh. This role will be based in Toronto and offers a hybrid work arrangement, requiring a minimum of three days per week in the office.

As an Actuarial Employee Benefits Associate, you will play a crucial role in delivering impactful solutions for organizations of various sizes and industries by providing accurate and timely data and financial analysis on various projects for medical, dental, life and disability programs.

We will count on you to:

• Lead actuarial valuations of post-retirement and post-employment benefits, including data validation, assumption setting, and report preparation
• Prepare and analyze quarterly experience monitoring reports, providing insights on recent trends and changes
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools
• Lead analysis of group benefit policy renewals and marketings, including drafting of key client deliverables
• Analyze financial statements and utilization data to identify cost drivers and trends, tailoring recommendations to client needs
• Collect, verify, and prepare data for financial analysis, ensuring accuracy and completeness.
• Conduct in-depth analyses for complex clients, collaborating with subject matter experts as needed
• Review work and provide feedback to junior team members, fostering a collaborative learning environment

What you need to have:

• Post-secondary degree or equivalent experience in actuarial science, mathematics, statistics, finance or a related field
• 3-4 years related experience in employee benefits consulting or related actuarial valuation work
• Strong organizational and time management skills with the ability to handle multiple tasks in a demanding fast-paced work environment
• Strong verbal and written communication skills
• Ability to work in a team environment where the priorities and requirements may change quickly

What makes you stand out?

• Working toward actuarial designation with the Society of Actuaries
  • Strong preference will be given to candidates demonstrating progress towards the ASA/FSA designation
• Familiarity or experience with group insurance benefits
• Familiarity with actuarial valuations of pension or other long-term employee benefit programs

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients, and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact [e-mail].

Marsh 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 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.

The applicable base salary range for this role is $84,000 to $126,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, retirement programs as well as employee assistance programs.

This is a Replacement position.

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