Senior Health & Benefits Actuarial Consultant

Socket.dev; Toronto; On-site; CAD 122,000 - 172,000; Full time

Job summary

Mercer in Canada seeks a Senior Health and Benefits Actuarial Consultant to lead OPEB valuation work, sign off on results, and present assumptions to clients while guiding analysts and associates.

Based in a hybrid role across Canada, you will manage client engagements, support proposals, and contribute to health plan design, cost projections, and renewals, leveraging Excel and in-house tools. This is a senior role requiring FCIA progress and strong client leadership.

Qualifications

• Bachelor's degree in Mathematics, Statistics, Actuarial Science, or related field.
• 7+ years of experience in actuarial field, health and benefits consulting.
• FCIA designation or progress toward FCIA.

Responsibilities

• Review data analyses by junior staff for actuarial accuracy and model usage.
• Perform and review complex analyses and cost projections using Excel and in-house software.
• Draft and review client reports and presentations summarizing valuation results and assumptions.
• Manage day-to-day client interactions and guide junior team members in client management.
• Assist senior members with business development by identifying growth opportunities and proposals.
• Contribute to development of intellectual capital in health insurance actuarial services.
• Lead routine client engagements covering service delivery, financial evaluations, plan design, renewals, and pricing.

Skills

Interpersonal skills

Communication skills

Prioritization

Team leadership

Education

Bachelor's degree in Mathematics, Statistics, Actuarial Science, or related field

FCIA designation (in progress or achieved)

Tools

Excel

In-house software

Job description

Company:

Mercer

Description:

We are seeking a talented individual to join our Actuarial team, part of our Health and Benefits business at Marsh. This role will be based in any of our office locations across Canada.

This is a hybrid role that has a requirement of working at least three days a week in the office.

The Senior Health and Benefits Actuarial Consultant will serve as an experienced signing Health Actuary. You will manage a significant portfolio of actuarial Other Post-Employment Benefits (OPEB) clients. You will review, sign off on, and deliver OPEB valuation results, accounting year-end disclosures, budget expenses, and projections. You will present valuation results and actuarial assumptions to clients and support responses to auditor requests. You will also manage client projects focused on employer health benefits strategies, including financial projections, plan design changes, costing, and renewal negotiations. In addition, you will serve as a primary financial contact for clients while providing direction to analysts, associates, and senior associates.

We will count on you to:

• Review data analyses completed by junior staff to ensure actuarial accuracy, appropriate use of valuation models, and support their professional development.


• Perform and review complex analyses and cost projections using tools such as Excel and in-house software, with a specialization in healthcare-related insurance areas.


• Draft and review client reports and presentations that summarize valuation and accounting results, recommend actuarial assumptions, and propose solutions or plan design changes.


• Manage day-to-day client interactions, resolve project-related questions, and guide junior team members in client management.


• Assist senior team members with business development efforts by identifying growth opportunities and supporting proposal responses.


• Contribute to the development of intellectual capital and expand knowledge of health insurance actuarial services and products.


• Lead routine client engagements, managing overall service delivery, strategy, financial evaluations, plan design, renewals, flex-pricing, benchmarking, and other projects related to underwriting health and welfare insurance.

What you need to have:

• Bachelor's degree in Mathematics, Statistics, Actuarial Science, or a related field.


• At least seven years of experience in an actuarial field, with health and benefits consulting experience.


• Must have achieved, or be progressing toward, Fellow of the Canadian Institute of Actuaries (FCIA) designation.

What makes you stand out?

• Excellent interpersonal skills, with strong oral and written communication abilities.


• Ability to prioritize and manage multiple tasks in a demanding work environment.


• Ability to partner with and lead teams to deliver project objectives, while also working independently and collaboratively.

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.

Mercer is a business of Marsh (NYSE: MRSH), 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 about Mercer, visit mercer.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.

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 $122,000 to $172,000.

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.