Mercer is seeking candidates for the following position based in the
Gurgaon/Mumbai/Bangalore office.
Associate - Retirement Consulting Actuaries(Level E)
What can you expect:
The purpose of this position is to provide technical leadership to the team of actuarial analysts and consultants to deliver directly to clients on issues pertaining to valuation and other actuarial advices (primarily in employee benefits space). Responsibilities include supervising, coaching and mentoring both analysts and valuation specialists with a focus on career progression. This position is involved in numerous competing client projects that require delivering accurate results on time and within budget to global retirement consultants and also be the signing actuary wherever applicable. This position is also responsible for scoping and delivering accurate results on special projects that require understanding complex calculations and concepts.
What is in it for you
- Direct interactions with client on all projects will help build technical, communication and negotiation skills.
- Work directly with Qualified actuaries for your assignments. Employee benefit is a vast area and team get a chance to work on complex, non-standard client assignments.
We will count on you to:
- Review and validate client liabilities produced by the actuarial team. Review the final accounting and funding results for global retirement consultants and also be the signing actuary wherever applicable.
Review the results in global consolidation tool (Mercer Globe or client specific tools) .Main contact for clients related to actuarial consulting. Formulate views and provides inputs to client advice. Delivers directly to clients on issues pertaining to valuation and other actuarial advices. Regularly attend and participate in auditor/client meetings.
- Direct, coach and guide actuarial analysts and valuation specialists through core valuation work which includes flawless execution with respect to requesting, gathering and reviewing client data for completeness, reconciling data and assets from previous valuations and preparing summaries of data, assets and benefits defined in the plan document.
- Supervise employees as direct reports, typically upto 4-5. Have full authority for the following people management responsibilities
- Assigning, directing and evaluating work
- Conducting performance evaluations, progressive counselling and career development discussions
- Ensuring appropriate orientation and on-going education/training
- Provide critical input to the following people management responsibilities
- Hiring candidates
- Promotion, salary and bonus actions.
- Provide an effective level of business support for the team's portfolio of client. Proactively manage the completion and timely delivery of client work and works alongside junior/senior colleagues and with a cross section of people from other businesses. Coordinate and address queries received from auditors/client
Coordinate workflow:
- Determine timelines and valuation budget and compare budgeted vs. actual time spent
- Plan to determine best methods to increase efficiency/profitability
- Attend and present technical work and updates with global/regional consultants
- Support key metrics for business like revenue, AR's and WIP that require regular monitoring by leadership
What you need to have:
- Partially qualified actuary with atleast 4-5 actuarial exams with IAI or IFOA
- Graduate or Post Graduation with relevant subject of Mathematics / Statistics
- Experience in working of employee benefits in India
- Overall experience of 8-10 years in actuarial domain
- Strong skill in MS Excel and working knowledge of MS Word and Powerpoint.
What makes you stand out:
- Problem solving and consultancy skills
- Excellent communicator both verbal and written
- Ability to assimilate and analyse complex data
- Good presenter
- Self-motivated with a dynamic approach
- Highly collaborative, Team player
- Work with colleagues to increase Mercer footprint in Retirement, cross selling with other LOBs
- Ability to manage, motivate, and mentor more junior level staff
- Project management skills, Ability to organise and prioritise activities
- Attention to details
- Multi-tasking
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 more than 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.
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, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, 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.
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.
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