Actuarial Specialist

We are seeking a talented Actuarial Specialist (Associate) – Retirement & Health Benefits to join our Global Actuarial Services Delivery (GSD Canada) team at Mercer This role will be based in Toronto or Montreal. This is a hybrid role that has a requirement of working at least three days a week in the office.

We are the Wealth Consulting Business that brings together our Retirement and Investment consulting businesses to help develop holistic and integrated solutions to financial wellness. The Health Consulting Business helps employers regarding their medical, dental, life, disability benefit plans and programs. The Global Actuarial Services Delivery (GSD Canada) team delivers exceptional analytical services across Wealth and Health businesses that make a difference in our consultants, our clients and their members lives. We use our analytical skills to promote a higher level of consistency, quality and efficiency.

We will count on you to:

• Lead, delegate and review analysis and client work. Act as technical leader for client projects.
• Direct, coach and guide the work of actuarial analysts and actuarial specialists.
• Create project work plans and monitor timelines and budgets.
• 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 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 client's 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 retirement benefits landscape, including union negotiations, risk transfer and public policy.

What you need to have: 

• A bachelor's degree in actuarial science, mathematics, statistics, finance, administration or a related field.
• 3+ years pension and/or post-retirement benefits-related work experience preferably in a consulting environment.
• Superior analytical skills and working knowledge of Excel and others MS-Office software programs.
• Proven project management experience.
• 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.

What makes you stand out:

• Bilingualism (English/French)

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 an 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 $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 , 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.