Health & Benefits Actuarial Associate - Quebec - Mercer

Description

Health & Benefits Actuarial Associate

Hybrid position based in Montreal, Ottawa, Toronto or Quebec City.

Responsibilities

• Simple select - Being an ambassador
  • Point of contact for ongoing local consulting team questions
  • Collaborate with operations to ensure all terms and conditions released to renewal methodologies and placement process are implemented
  • Develop and improve efficiency leveraging new technology
  • Collaborate with Operational coordinator to develop procedural efficiencies and adapt newly launched technology
  • Support educating junior team members on process and procedures as well as new products
  • Collaborate with the SME leader to manage the technical aspects of submissions, plans, experience tracking, and renewal negotiations with insurers
• Simple select by MMB marketings
  • Complete marketing and financial reports into templated reports within required turnaround time
  • Peer review other Simple select by MMB teammates work to ensure accuracy and reasonableness of quotes
  • Assist in maintaining block quote tracking tool and act as mentor for the team
  • Assist in assigning quote requests to team and peer review prior to sending to local consulting team
  • Assist in tracking carrier inconsistencies for competitiveness and report to SME Leadership team for quarterly insurer review
  • Ensure all negotiated terms and conditions are applied
• Simple select by MMB block renewals
  • Work as part of the block renewal team to collect and review renewal data for accuracy and reasonableness
  • Prepare templated client reports to cascade to local consulting teams
  • Respond to questions from local teams related to the block renewal
• Experience Reports
  • Maintain experience reporting calendar for each Simple select by MMB preferred partner and lead the process
  • Gather necessary data from partner review to ensure it is complete, accurate and reasonable; and prepare templated experience reports with the support of other teammates
  • Work with other teammates to ensure all experience reports are sent in a timely fashion
• Simple select Templates
  • Lead and assist development and evolution of tools and templates used for workflow, financial summaries and block renewals
  • Offer suggestions for improved processes
  • Liaise with local consultant teams to ensure templates are current and valid
• Work on non-Simple select clients
  • Validate and compare premiums for group benefit plans under vendor renewals, quotes or benchmarking exercises
  • Produce experience monitoring reports for clients and analyze the impact of any recent changes
  • Prepare cost projections for plan options
  • Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs
  • Analyze, negotiate and complete renewal reports for clients out of the Simple select
  • Complete reporting for globally managed clients
  • Peer review other teammates' work to ensure accuracy and reasonableness
  • Assist with day-to-day inquiries from the client

Required Qualifications

• 3-5 years of employee benefits experience with a mix of project management and analytical support
• Strong analytical skills with proficiency in Excel and MS Office; knowledge of VBA, Alteryx, Python, or SQL is an asset
• Solid understanding of group benefit underwriting principles, placement methodologies, and funding methods
• Excellent interpersonal, verbal, and written communication skills; bilingualism (French/English) is an asset
• Ability to work independently and collaboratively within a team, managing multiple priorities under tight deadlines
• Superior organizational skills and strong attention to detail
• LLQP designation is an asset
• Willingness to obtain and maintain appropriate Life licenses as required by provincial regulations and Mercer policies
• Diploma in actuarial science, Mathematics, Statistics, or equivalent is preferred but not mandatory

Desirable Skills

• Track record in customer service and managing multiple and concurrent internal deliverables
• Ability to communicate health and benefit related concepts to a broad range of colleagues and internal clients (local teams)

Benefits and Culture

• Professional development opportunities, interesting work and supportive leaders
• Vibrant and inclusive culture with talented colleagues to create new solutions and have impact for colleagues, clients and communities
• Range of career opportunities, benefits and rewards to enhance your well-being

Marsh McLennan is committed to embracing a diverse, inclusive, and flexible work environment, and to providing reasonable accommodations for applicants and employees with disabilities.

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