Actuarial Analyst – 2026

Description: We are seeking talented individuals to join our teams at Mercer Canada. These roles will be based in Montreal. This is a hybrid role that has a requirement of working at least three days a week in the office. The below listed teams are looking for Actuarial Analyst Interns for 2026 and 2027* Internships:Wealth (Retirement) Consulting Business | Global Actuarial Services DeliveryWealth (Investment) Consulting BusinessHealth & Benefits Consulting BusinessPension Administration ServicesInternational Consulting BusinessIn Wealth (Retirement) Consulting Business | Global Actuarial Services Delivery, we will count on you to:Perform retirement and post-retirement benefits actuarial valuation 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 formsProduction of year-end accounting disclosure and projection of expenses for plans under various financial reporting standards including IFRS, CPA and FASComplete benefit calculations, review plan documents, produce employee benefit statements and prepare annual government formsParticipation in the design and pricing of client’s employee pension plans and executive pension benefits, including cash flow modelling, demographic projections and evaluation of liabilities within an asset-liability frameworkProduction of various experience studies to refine demographic and financial assumptions used in actuarial valuationsDesigning and implementing strategies to manage defined benefit pension plan volatility, including funding strategy, plan design and risk transfer solutionsWork in an integrated team of professionals from different offices to resolve modern actuarial problems in the Canadian retirement benefits landscape, including union negotiations, risk transfer and public policyIn Wealth (Investment) Consulting Business, we will count on you to:Conduct quantitative and qualitative analysis utilizing Mercer proprietary toolsProduce quarterly performance reports for our clientsCritically analyze different investment markets, managers' investment styles, and portfolio characteristics, and evaluate their impact on investment performance each quarterCommunicate with investment managers, record keepers and custodians to gather and/or clarify client-specific data for reportingPlay an important role in investment manager searches, asset allocation studies, and other ad-hoc investment-related projectsSupport consultants in servicing existing clients and prospectsDemonstrate ease and effectiveness when dealing with clients and colleagues at all levelsRepresent and promote the “face” of Mercer, both internally and externallyIn Health & Benefits Consulting Business, we will count on you to:Develop strategies and solutions related to the costs and funding of group insurance plansParticipate in actuarial valuations of post-retirement benefits, including data validation, setting assumptions, analyzing plan gains and losses and preparing the valuation reportValidate and compare premiums for group benefit plans under renewals, quotes or benchmarking exercises with other companies in the industryProduce quarterly experience monitoring reports for clients and analyze the impact of any recent changesAnalyze financial statements of group insurance plans and review the financial agreement to suit the client needsEvaluate employer obligations by participating in each step of an actuarial valuationAssist in updating national databases of Mercer clientsWork in collaboration with professionals to resolve technical actuarial problems specific to group insurance and the business sectorFamiliarize oneself with Mercer products and services as well as group benefit market trends in order to meet client needsUnderstand group benefit coverage by reviewing contractual documents for the employer and employeesIn Pension Administration Services, we will count on you to:Calculate pension benefits and prepare statements of entitlements resulting from various events (termination of employment, retirement, death, divorce, transfer, etc.) for members of pension plansUpdate and manage client’s databasesPrepare annual statements for active and inactive membersCalculate pension adjustments (PA) and pension adjustment reversals (PAR)Prepare annual information returns for submission to governmental authoritiesWork in collaboration with professionals to meet the needs of our clients and their employeesParticipate in the continuous improvements of systems and proceduresAct as a resource person for clients and their employees on plan benefits and other administration processesUnderstand the provisions of the plans and the various applicable lawsIn International Consulting Business, we will count on you to:Work as a global benefit coordinator for a multinational client foreign benefit renewals activitiesWork in collaboration with a consultant to consolidate worldwide pension and other post-employment benefits financial reportingCoordinate phases of the project with local actuaries across the globeReview disclosures and assumptions provided by local actuaries for reasonableness, consistency and compliance with appropriate accounting standardWork in collaboration with a consultant for benefits review projectsResearch Mercer internal documentation and surveys on market practices information in foreign countries, such as recent benefit trends and legislative changesCoordinate benefit review projects with the involved parties (i.e. client local office and HQ, Mercer international consultant, local Mercer specialist, etc.)What you need to have: Completion of one (1) session towards a bachelor's degree in actuarial science, mathematics, statistics, finance, administration or a related field when internship beginsSuperior analytical skills and working knowledge of Excel and others MS-Office software programs.Excellent interpersonal, verbal, and written communication skills.Intellectual curiosity; seeking opportunities to develop new skills.Strong aptitude for teamwork and a willingness to be adaptable to meet deadlines and accommodate shifting client needs.Superior organizational skills and strong attention to detail.Excellent communication and presentation skills in French and English, as the position requires regular interaction with clients outside of Quebec, as well as collaboration with other members of the team outside of Canada.Why join our team:We help you be your best through professional development opportunities including our actuarial education program, 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 Early Careers Section of our website at by January 11th, 2026. Please note that applications that are missing any of these documents may not be considered.We will review application submissions and you will be contacted if you are selected for an interview. Kindly mention each internship(s) you are applying, your preference order for the city(ies) (Montreal, Ottawa, Toronto or other) and the semester(s) for which you request an internship.* Please note that the availability of 2027 internships depends on the rules of your university career services.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 applicable legislation, 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.