Employee Benefits Analyst

CA007 Mercer (Canada) Limited; London; Hybrid; CAD 55,000 - 75,000; Full time

Job summary

Join Mercer as an Employee Benefits Analyst in London, Ontario, where you will engage in detailed financial analyses for various employee benefit programs. You will collaborate with teams to deliver impactful solutions and gain insights into project management and consulting practices. This hybrid position requires being on-site at least three days a week and presents a chance to work with a diverse range of clients.

Benefits

Professional development opportunities

Supportive leadership

Vibrant and inclusive culture

Qualifications

• Detail-oriented with strong mathematical skills.
• Ability to handle multiple tasks in a fast-paced environment.
• Proficiency in Microsoft Office applications.

Responsibilities

• Validate and compare premiums for group benefit plans.
• Produce quarterly experience monitoring reports for clients.
• Perform analyses for larger, more complex clients.

Skills

Detail-oriented

Mathematical skills

Organizational skills

Oral communication

Written communication

Teamwork

Education

Post-secondary degree in mathematics, accounting, finance or economics

Tools

Microsoft Office (Excel, Word, Powerpoint)

Job description

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We are seeking a talented individual to join our Health & Benefits Consulting team at Mercer as an Employee Benefits Analyst . This role will be based in London, Ontario office. This is a hybrid role that has a requirement of working at least three days a week in the office.

The Employee Benefits Analyst will provide accurate and timely data and financial analysis on various projects for medical, dental, life and disability programs. The Employee Benefits Analystwill participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees. She/He will in a collaborative environment on a variety of client teams with colleagues in our London office; and potentially other offices across the country.The Employee Benefits Analyst Support clients in the financial and strategic management of their employee benefit programs through analysis and communication and 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.

The Employee Benefits Analyst will 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 and also gain an understanding of the following, through online training, group sessions, or one-on-one training with colleagues: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation.

We will count on you to:

Validate and compare premiums for group benefit plans under vendor renewals, quotes or benchmarking exercises with other companies in the industry;

Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes;

Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs;

Analyze cost drivers by reviewing client's cost/utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client's vendor reports or raw data from external databases

Perform analyses for larger, more complex clients, including more in-depth analysis for complex situations that may require additional research or discussion with Mercer subject matter experts

Gather necessary data from the vendor or client; review to ensure it is complete, accurate and reasonable; and prepare data in a particular template or format for use in basic or advanced financial analyses.

Work with your client teams to develop recommendations and reporting for clients based on your analysis

What you need to have:

Detail-oriented, strong mathematical skills

Strong organizational skills

Strong oral and written communication skills

Ability to handle multiple tasks in a demanding fast-paced work environment

Ability to work in a team environment where the priorities and requirements may change quickly

Proficiency with Microsoft Office (Excel, Word, Powerpoint)

Will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies

What makes you stand out:

Post-secondary degree or equivalent experience in mathematics, accounting, finance or economics.

Familiarity or experience with group insurance benefits would be an asset(through work experience, CEBS GBA designation or working towards it)

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.

Description:

We are seeking a talented individual to join our Health & Benefits Consulting team at Mercer as an Employee Benefits Analyst . This role will be based in London, Ontario office. This is a hybrid role that has a requirement of working at least three days a week in the office.

The Employee Benefits Analyst will provide accurate and timely data and financial analysis on various projects for medical, dental, life and disability programs. The Employee Benefits Analystwill participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees. She/He will in a collaborative environment on a variety of client teams with colleagues in our London office; and potentially other offices across the country.The Employee Benefits Analyst Support clients in the financial and strategic management of their employee benefit programs through analysis and communication and 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.

The Employee Benefits Analyst will 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 and also gain an understanding of the following, through online training, group sessions, or one-on-one training with colleagues: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation.

We will count on you to:

Validate and compare premiums for group benefit plans under vendor renewals, quotes or benchmarking exercises with other companies in the industry;

Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes;

Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs;

Analyze cost drivers by reviewing client's cost/utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client's vendor reports or raw data from external databases

Perform analyses for larger, more complex clients, including more in-depth analysis for complex situations that may require additional research or discussion with Mercer subject matter experts

Gather necessary data from the vendor or client; review to ensure it is complete, accurate and reasonable; and prepare data in a particular template or format for use in basic or advanced financial analyses.

Work with your client teams to develop recommendations and reporting for clients based on your analysis

What you need to have:

Detail-oriented, strong mathematical skills

Strong organizational skills

Strong oral and written communication skills

Ability to handle multiple tasks in a demanding fast-paced work environment

Ability to work in a team environment where the priorities and requirements may change quickly

Proficiency with Microsoft Office (Excel, Word, Powerpoint)

Will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies

What makes you stand out:

Post-secondary degree or equivalent experience in mathematics, accounting, finance or economics.

Familiarity or experience with group insurance benefits would be an asset(through work experience, CEBS GBA designation or working towards it)

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, 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 $23 billion and more than 85,000 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 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.