Mercer Health Actuarial Analyst Co-Op - Toronto - Summer 2024

We’re Mercer - a global consulting leader in health, wealth and career.  Mercer has 25,000 colleagues based in 43 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. 


At Mercer, we promote a culture where you can bring your authentic self to work.  When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally – regardless of who you are, what you look like, where you were raised or born, who you love or what your religious beliefs are.  You are welcome here.  


The Mercer Marsh Benefits (MMB) team is seeking an Actuarial Co-Op for our Toronto office starting in May 2024.


What Can You Expect? 

As an Employee Benefits Co-Op in the MMB practice, you will work with a broad range of clients and industries in a stimulating environment, participating as an integral member of project teams to design benefits programs that support clients’ success. You also can expect to: 

  • Participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees. 

  • Work in a collaborative environment on a wide variety of client teams with any number of our 80+ Health colleagues in Toronto. 

  • Support clients in the financial and strategic management of their employee benefit programs through analysis and communication. 

  • Employ actuarial techniques to perform valuation modelling of retiree group benefit plan costs and post-employment obligations    

  • Perform basic or complex calculations with respect to the costs of our clients’ current employee benefit plans and insurance arrangements, including using Mercer’s internal tools to price plan design changes and prepare future cost projections. 

  • Gain an understanding of basic project management and consulting skills including: managing the quality and timeliness of client deliverables, 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 colleagues: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation. 


What's In It For You? 


  • The opportunity to work with some of the smartest and most energetic people in the industry, who will nurture, challenge and enable you. 

  • A dynamic, collaborative and inclusive culture, where diversity is embraced – and you are celebrated and appreciated for who you are. 

  • The opportunity to network, share views, and learn from others by getting involved with our Business Resource Groups: PRIDE, Women@Mercer, Racial & Ethnic Diversity and Rising Professionals Network. 

  • The chance to make a positive difference in your local community by using your paid time off to volunteer through events organized by Mercer Cares, our community outreach and volunteerism BRG. 

  • A huge variety of virtual learning and development resources to support your personal and professional growth. 


What You Need To Have? 


  • Strong analytical skills, both quantitative and qualitative, and working knowledge of Excel 

  • Experience in data analysis and presentation design 

  • Excellent interpersonal, verbal, and written communication skills 

  • Intellectual curiosity, seeking opportunities to develop new skills 

  • Flexibility, adaptability, and the ability to work under tight deadlines and changing client needs 

  • Superior organizational skills and strong attention to detail 


What Makes You Stand Out? 


  • Completion of two (2) years towards a Bachelor's Degree in Actuarial Science, Statistics, or related field preferred 

  • Previous relevant work experience 


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 career section. 

We will review completed application submission and you will be contacted if you are selected for an interview. 

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 medical need please contact


About Mercer 

Mercer’s roots are in Canada – founded over 75 years ago and continues to be one of the elite Canadian business and employment brands.  Currently, the Canadian business earns $340+M CAD in revenue and employs 1,000+ colleagues across Mercer’s core services areas.  Along with Marsh, Guy Carpenter and Oliver Wyman, Mercer is one of four Marsh McLennan businesses with a significant Canadian presence. 

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 approximately 25,000 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 more than 85,000 colleagues and annual revenue of over $23 billion. Through its market-leading businesses including MarshGuy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on LinkedIn and X

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. 

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