Mercer Health Actuarial Analyst Co-op

2 weeks ago

Toronto, Canada Mercer Full time

**Who We Are**

We’re Mercer - a global consulting leader in health, wealth and career. Mercer has more than 25,000 colleagues based in 43 countries. We help clients worldwide from small businesses to Fortune 1000 companies advance the health, wealth and performance of their most vital asset - their people.

Mercer’s Health Team is seeking a **Summer Co-Op** for our **Toronto **office.

**What Can You Expect?**

As an Actuarial Analyst Co-Op in the health 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. You also can expect to:

- Employ actuarial techniques to perform valuation modelling of retiree group benefit plan costs and post-employment obligations
- Participate in the preparation of annual financial reporting of post-employment obligations in accordance with governing accounting standards _(i.e. International Financial Reporting Standards, Chartered Professional Accountants' Handbook, Financial Accounting Standards Board)_
- Perform basic cost projections by entering the client's cost and enrollment data into an Excel spreadsheet and projecting costs for the next plan year
- Analyze vendor renewals by checking carrier or vendor's plan rates for reasonableness and by analyzing claims and enrollment data, trend rates, administrative expenses and other charges
- Price medical and prescription drug plan designs by entering plan design information into Mercer's internal pricing model to develop the relative cost differences between plan designs, in order to compare the client's current plan to alternative designs
- Develop employee contributions scenarios by entering current employee medical contribution data into an Excel spreadsheet and project contributions to the next plan year, taking into account the cost-sharing goals of the client
- Gain an understanding of basic project management and consulting skills such to include: managing the quality and timeliness of client deliverables, helping to develop budgets and billing reports, participating in client calls and meetings as appropriate and assisting with the preparation of clear and concise client-friendly communications
- Gain an understanding of the following, through online training, group sessions, or one-on-one training with others in a more senior role: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting and actuarial skills, budget-setting, rate-setting and evaluation.

**What's In It For You?**
- The opportunity to work with some of the smartest and most energetic people in the industry, who will nurture, challenge and enable you.
- A dynamic, collaborative and inclusive culture, where diversity is embraced - and you are celebrated and appreciated for who you are.
- The chance to make a positive difference in your local community by using your paid time off to volunteer through events organized by Mercer Cares, our community outreach and volunteerism BRG.
- A huge variety of virtual learning and development resources to support your personal and professional growth.

**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 Sciences, Mathematics, Economics, or Finance preferred
- Strong preference will be given to students demonstrating progress towards the ASA/FSA designation
- Previous relevant work experience

**Join Us**

At Mercer, we believe that diversity and inclusion are vital components of our future and our goal is to leverage the unique skillsets that each person brings to the company. We provide our employees with a supportive, collaborative environment that leads to innovative ideas and the ability to make an impact. If you thrive on a challenge and enjoy connecting with people, we’re looking for you

**What's Next?**

**About Mercer**

Mercer’s roots are in Canada - founded 75 years ago and continues to be one of the elite Canadian business and employment brands. Currently, the Canadian business earns $340+M CAD in revenue and employs 1,000+ colleagues across Mercer’s core services areas. Along with Marsh, Guy Carpenter and Oliver Wyman, Mercer is one of four Marsh McLennan businesses with a significant Canadian presence.

At Mercer, we’re creating a culture where you can bring your authentic self to work. When you join us, you bring your inclusive energy and enthusiasm to a

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