Retirement Consulting Actuarial Analyst
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Job Description
Company:
MercerDescription:
A Retirement Consulting Actuarial Analyst plays a critical role within the retirement team providing actuarial expertise and analytical support to help organizations design manage and evaluate retirement benefit plans. This role involves applying actuarial principles and quantitative methods to assess pension liabilities forecast future costs and ensure compliance with regulatory requirements. You will be part of an exciting new opportunity within the firm that will allow you to directly contribute to our clients and provide tremendous value to our team.
What is in it for you
Supports all aspects of pension consulting work including design and planning of benefit strategies drafting correspondence to clients on a range of consulting issues and preparing agendas papers and minutes for trustees meetings.
Attends and participates in client meetings with consultants.
Liaises with other Mercer businesses to deliver a streamlined service to clients.
Deals with routine queries received from clients scheme members third parties and other Mercer businesses.
Provides support on actuarial valuations (any sort of valuation under Defined Benefit Planspension plans or End of Service Plans).
Pension valuation support (coding communication with the client attending meetings etc.).
Performs necessary calculations or analysis on special retirement projects analyzing their impact on all of a clients retirement plans including assumption studies plan design studies plan terminations early retirement window studies post-retiree medical and acquisition studies.
Performs and models calculations and/or projections to meet project specifications.
Assists Senior Consultants with day-to-day client contact and problem resolution for larger clients.
We will count on you to:
Collect validate and analyze participant data to ensure accuracy in actuarial models.
Build and maintain actuarial models to project future pension costs and funding scenarios.
Assist in preparing reports and documentation to meet regulatory and funding standards.
Work effectively within project teams supporting senior consultants and contributing to client deliverables.
Stay informed about industry changes and contribute ideas to improve actuarial processes and methodologies.
Take a role in global actuarial valuation/accounting projects and increase communication with internal and external stakeholders.
What you need to have:
Strong quantitative and problem-solving skills with attention to detail.
Ability to explain technical information clearly and effectively to both technical and non-technical audiences.
Demonstrated ability to work collaboratively in a team-oriented environment.
A genuine interest in retirement consulting and pension plan design.
General understanding of pension regulations and funding requirements is advantageous.
A bachelors degree in actuarial science mathematics statistics finance economics or a related quantitative field. Progress toward actuarial credentials (e.g. passing preliminary actuarial exams) is highly desirable.
Proficiency in Excel and actuarial software.
Strong communication skills; you will collaborate with client teams across multiple locations so the ability to communicate effectively is key.
Exceptional time management skills; although this role is highly collaborative work is also self-directed so you will need to manage your time effectively.
Maximum of 34 years of experience.
What makes you stand out:
Bachelors or Masters degree.
Demonstrated commitment to continuous learning and professional development including actuarial exam progress.
Experience in the insurance/pension or consultancy sector.
Advanced skills in actuarial modeling software and programming tools that enhance efficiency and accuracy.
Collaborative attitude with a willingness to support colleagues and contribute to team success.
Required Experience:
IC
Employment Type
Full-Time
