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Marsh & McLennan Health Actuarial Analyst Coop - Toronto - University Program Summer 2020 in Toronto, Ontario

WHO WE ARE We're Mercer - a global consulting leader in health, wealth and career. Mercer has more than 22,000 colleagues based in 44 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. WHAT CAN YOU EXPECT? Join our Toronto Health team, a talented and dynamic group of people who are leading improvements and innovations in the market. The Health consulting business helps develop holistic and integrated solutions to health and benefits programs. Gain valuable knowledge and experience in the consulting world while making a positive impact on the lives of millions around the world. Build a rewarding career in a best-in-class firm that celebrates diversity and promotes collaboration. WHAT IS IN IT FOR ME? Work in a global firm and an energetic environment Opportunity to work with the best tools, resources and some of the smartest people in the industry Fast pace, exciting and friendly culture Competitive salary and benefits based on the employment contract WHAT A TYPICAL DAY LOOKS LIKE IN HEALTH CONSULTING BUSINESS: 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 WE VALUE: Excellent interpersonal communication skills; strong verbal and written communication skills Superior analytical skills Proficiency with Microsoft Office (Excel, Word) Ability to work in a team environment where priorities and requirements change quickly PREFERRED QUALIFICATIONS: Completion of one (1) year 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 work-related experience In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, 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 a medical need, feel free to contact Stephanie Joseph at +1 416 349 4855 or via email: At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We’re in the business of creating more secure and rewarding futures for our clients and their employees — whether we’re designing affordable health plans, assuring income for retirement or aligning workers with workforce needs. Using analysis and insights as catalysts for change, we anticipate and understand the individual impact of business decisions, now and in the future. We see people’s current and future needs through a lens of innovation, and our holistic view, specialized expertise, and deep analytical rigor underpin each and every idea and solution we offer. For more than 70 years, we’ve turned our insights into actions, enabling people around the globe to live, work, and retire well. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. At Mercer, we say we Make Tomorrow, Today. Visit for more information and follow us on LinkedIn and Twitter @Mercer Mercer LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC). Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: . R_085509-en R_085509