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

National African-American Insurance Association (NAAIA); Toronto; Hybrid; CAD 65,000; Full time

Job summary

A financial services firm based in Toronto is seeking an Employee Benefits Actuarial Co‑Op for the Summer 2026 term. This hybrid role requires analytical skills and experience in data analysis. The Co-Op will work with clients, supporting the design of benefit programs and employing actuarial techniques for financial management. Applicants should be pursuing a Bachelor's Degree in Actuarial Science or a related field. Competitive salary offered at $65,000.

Benefits

Professional development opportunities

Inclusive work culture

Qualifications

• Experience in data analysis and presentation design.
• Intellectual curiosity and willingness to develop new skills.
• Ability to work under tight deadlines.

Responsibilities

• Participate in designing benefits programs for clients.
• Support clients in managing employee benefit programs.
• Employ actuarial techniques for valuation modelling.

Skills

Strong analytical skills

Working knowledge of Excel

Excellent interpersonal skills

Flexibility and adaptability

Strong attention to detail

Education

Completion of two years towards a Bachelor's Degree in Actuarial Science or Statistics

Job description

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 Summer 2026 term. This is a hybrid role that requires 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.

We Will Count On You To:

• 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 Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget‑setting, rate‑setting and evaluation through online training, group sessions, or one‑on‑one training with colleagues.

What You Need To Have?

• 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.

What Makes You Stand Out?

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

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 impact for 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.

What's Next?

In order to be considered, submit your complete application by providing a cover letter, your resume and your most recent transcript in PDF format via our career section.

We will review completed application submission and you will be contacted if you are selected for an interview.

The applicable salary for this role is $65,000.

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, 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 McLennan 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 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.