Mercer Retirement Actuarial Analyst Co-Op - Toronto - Fall 2026

National African-American Insurance Association (NAAIA); Toronto; Hybrid; CAD 67,000; Full time

Job summary

A global consulting firm is seeking an Actuarial Analyst Co-Op for the Fall 2026 term based in Toronto. This hybrid role involves performing actuarial valuations, producing year-end disclosures, and participating in pension plan design. Ideal candidates have strong analytical skills, a background in actuarial science, and are pursuing their ASA/FSA designation. The role offers a competitive salary of $67,000 and professional development opportunities in a diverse and inclusive work environment.

Benefits

Professional development opportunities

Inclusive culture

Qualifications

• 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 organisational skills and strong attention to detail.

Responsibilities

• Perform retirement actuarial valuations and validation of data.
• Production of year-end accounting disclosure and projection of expenses.
• Complete benefit calculations and review plan documents.
• Participation in designing and pricing employee pension plans.
• Production of experience studies to refine demographic assumptions.
• Design strategies to manage defined benefit pension plan volatility.

Skills

Strong analytical skills

Working knowledge of Excel and MS-Office

Excellent interpersonal and communication skills

Intellectual curiosity

Ability to work in teams

Organisational skills

Education

At least two years towards a bachelor's degree in actuarial science or related field

Tools

Excel

MS-Office

Job description

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 programmes that support clients' success.

What Can You Expect?

• 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

What You Need To Have?

• 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 organisational skills and strong attention to detail

What Makes You Stand Out?

• Completion of two (2) years towards a bachelor's degree in actuarial science, mathematics, statistics, finance, or a related field when the internship begins
• Strong preference will be given to students demonstrating progress towards the ASA/FSA designation
• 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 submissions and you will be contacted if you are selected for an interview. The applicable salary for this role is $67,000.

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realise 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 colour, 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.