Actuarial Analyst – 2025 Internship
Mercer – Canada
Wealth (Retirement) Consulting Business | Global Actuarial Services Delivery
Wealth (Investment) Consulting Business
Health & Benefits Consulting Business
Pension Administration Services
International Consulting Business
Mercer is seeking candidates for the following position based in the Montreal office:
Actuarial Analyst – 2025 Internship
What can you expect?
Are you looking to join a team that accomplishes outstanding and innovative work? Mercer is the global leader for trusted HR and related financial advice, products, and services. In our work with clients, we make a positive impact on the world every day. We do this by enhancing the financial and retirement security, health, productivity, and employment relationships of the global workforce.
Mercer provides opportunities for its employees to personalize their roles and careers within the Company. We encourage the sharing of intellectual capital in a spirit of partnership. You can expect to be challenged and rewarded for your achievements.
Help make a difference in the lives of hundreds of millions of people each and every day.
Take part in interesting and challenging projects across a wide array of different clients.
Be at the heart of innovation in Canada – Mercer has a track record of using our scale and depth of resources to develop solutions where we see gaps in the marketplace.
What is in it for you?
Be challenged to deliver impactful solutions for major organizations and have a direct impact on their employees.
Be part of our great training and development programs, including our actuarial education program.
Opportunity to work with the best tools, resources and some of the smartest people in the industry.
Be part of a work environment that promotes social connection and work-life flexibility.
What you need to have:
Completion of one (1) year towards a bachelor's degree in actuarial science, mathematics, statistics, finance, administration or a related field when internship begins
Superior 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.
Bilingualism (English/French).
What’s next?
Please provide a cover letter, your resume and your most recent transcript at the latest by September 12th, 2024, via our website at www.mercer.ca (Careers Section). We will review application submissions and you will be contacted if you are selected for an interview. Kindly mention for 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 (Winter 2025, Summer 2025 or Fall 2025).
In 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 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
In Wealth (Investment) Consulting Business, we will count on you to:
Conduct quantitative and qualitative analysis utilizing Mercer proprietary tools
Produce quarterly performance reports for our clients
Critically analyze different investment markets, managers' investment styles, and portfolio characteristics, and evaluate their impact on investment performance each quarter
Communicate with investment managers, record keepers and custodians to gather and/or clarify client-specific data for reporting
Play an important role in investment manager searches, asset allocation studies, and other ad-hoc investment-related projects
Support consultants in servicing existing clients and prospects
Demonstrate ease and effectiveness when dealing with clients and colleagues at all levels
Represent and promote the “face” of Mercer, both internally and externally
In Health & Benefits Consulting Business, we will count on you to:
Develop strategies and solutions related to the costs and funding of group insurance plans
Participate in actuarial valuations of post-retirement benefits, including data validation, setting assumptions, analyzing plan gains and losses and preparing the valuation report
Validate and compare premiums for group benefit plans under 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
Evaluate employer obligations by participating in each step of an actuarial valuation
Assist in updating national databases of Mercer clients
Work in collaboration with professionals to resolve technical actuarial problems specific to group insurance and the business sector
Familiarize oneself with Mercer products and services as well as group benefit market trends in order to meet client needs
Understand group benefit coverage by reviewing contractual documents for the employer and employees
In 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 plans
Update and manage client’s databases
Prepare annual statements for active and inactive members
Calculate pension adjustments (PA) and pension adjustment reversals (PAR)
Prepare annual information returns for submission to governmental authorities
Work in collaboration with professionals to meet the needs of our clients and their employees
Participate in the continuous improvements of systems and procedures
Act as a resource person for clients and their employees on plan benefits and other administration processes
Understand the provisions of the plans and the various applicable laws
In International Consulting Business, we will count on you to:
Work as a global benefit coordinator for a multinational client foreign benefit renewals activities
Work in collaboration with a consultant to consolidate worldwide pension and other post-employment benefits financial reporting
Coordinate phases of the project with local actuaries across the globe
Review disclosures and assumptions provided by local actuaries for reasonableness, consistency and compliance with appropriate accounting standard
Work in collaboration with a consultant for benefits review projects
Research Mercer internal documentation and surveys on market practices information in foreign countries, such as recent benefit trends and legislative changes
Coordinate benefit review projects with the involved parties (i.e. client local office and HQ, Mercer international consultant, local Mercer specialist, etc.)
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law.
In accordance with applicable legislation, Mercer 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 [email protected].
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 based teams will identify at least one “anchor day” per week on which their full team will be together in person, 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.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 85,000 colleagues and annual revenue of over $23 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and X.
