Actuarial Analyst - 2026 & 2027 New Grads - Montreal

We are seeking talented individuals to join our teams at Mercer Canada. These roles will be based in Montreal. This is a hybrid role that has a requirement of working at least three days a week in the office. The below listed teams are looking for Actuarial Analyst (2026 & 2027 New Grads):

• Retirement Consulting Business and Global Actuarial Services Delivery
• Investments Consulting Business
• Health & Benefits Consulting Business
• Pension Administration Services
• International Consulting Business

In Retirement Consulting Business and Global Actuarial Services Delivery, we will count on you to:

• Perform retirement and post-retirement benefits actuarial valuation including validation of data, analysis of the plan’s gains and losses, analysis of the plan’s asset performance, and preparation of the valuation report and related forms
• Production of year-end accounting disclosure and projection of expenses for plans under various financial reporting standards including IFRS, CPA and FAS
• Complete benefit calculations, review plan documents, produce employee benefit statements and prepare annual government forms
• Participation in the design and pricing of client’s employee pension plans and executive pension benefits, including cash flow modelling, demographic projections and evaluation of liabilities within an asset-liability framework
• Production of various experience studies to refine demographic and financial assumptions used in actuarial valuations
• Designing and implementing strategies to manage defined benefit pension plan volatility, including funding strategy, plan design and risk transfer solutions
• Work in an integrated team of professionals from different offices to resolve modern actuarial problems in the Canadian retirement benefits landscape, including union negotiations, risk transfer and public policy

In Investments Consulting Business, we will count on you to:

• Conduct quantitative and qualitative analysis utilizing Mercer proprietary tools
• Produce quarterly performance reports for our clients
• Critically analyze different investment markets, managers' investment styles, and portfolio characteristics, and evaluate their impact on investment performance each quarter
• Communicate with investment managers, record keepers and custodians to gather and/or clarify client-specific data for reporting
• Play an important role in investment manager searches, asset allocation studies, and other ad-hoc investment-related projects
• Support consultants in servicing existing clients and prospects
• Demonstrate ease and effectiveness when dealing with clients and colleagues at all levels
• Represent and promote the “face” of Mercer, both internally and externally

In Health & Benefits Consulting Business, we will count on you to:

• Develop strategies and solutions related to the costs and funding of group insurance plans
• Participate in actuarial valuations of post-retirement benefits, including data validation, setting assumptions, analyzing plan gains and losses and preparing the valuation report
• Validate and compare premiums for group benefit plans under renewals, quotes or benchmarking exercises with other companies in the industry
• Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes
• Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs
• Evaluate employer obligations by participating in each step of an actuarial valuation
• Assist in updating national databases of Mercer clients
• Work in collaboration with professionals to resolve technical actuarial problems specific to group insurance and the business sector
• Familiarize oneself with Mercer products and services as well as group benefit market trends in order to meet client needs
• Understand group benefit coverage by reviewing contractual documents for the employer and employees

In Pension Administration Services, we will count on you to:

• Calculate pension benefits and prepare statements of entitlements resulting from various events (termination of employment, retirement, death, divorce, transfer, etc.) for members of pension plans
• Update and manage client’s databases
• Prepare annual statements for active and inactive members
• Calculate pension adjustments (PA) and pension adjustment reversals (PAR)
• Prepare annual information returns for submission to governmental authorities
• Work in collaboration with professionals to meet the needs of our clients and their employees
• Participate in the continuous improvements of systems and procedures
• Act as a resource person for clients and their employees on plan benefits and other administration processes
• Understand the provisions of the plans and the various applicable laws

In International Consulting Business, we will count on you to:

• Work as a global benefit coordinator for a multinational client foreign benefit renewals activities
• Work in collaboration with a consultant to consolidate worldwide pension and other post-employment benefits financial reporting
  • Coordinate phases of the project with local actuaries across the globe
  • Review disclosures and assumptions provided by local actuaries for reasonableness, consistency and compliance with appropriate accounting standard
• Work in collaboration with a consultant for benefits review projects
  • Research Mercer internal documentation and surveys on market practices information in foreign countries, such as recent benefit trends and legislative changes
  • Coordinate benefit review projects with the involved parties (i.e. client local office and HQ, Mercer international consultant, local Mercer specialist, etc.)

What you need to have: 

• A bachelor's degree in actuarial science, mathematics, statistics, finance, administration or a related field.
• Superior analytical skills and working knowledge of Excel and others MS-Office software programs.
• Excellent interpersonal, verbal, and written communication skills.
• Intellectual curiosity; seeking opportunities to develop new skills.
• Strong aptitude for teamwork and a willingness to be adaptable to meet deadlines and accommodate shifting client needs.
• Superior organizational skills and strong attention to detail.
• Excellent oral and written communication skills in French and English, as the position requires regular interaction with clients and other third-parties outside of Quebec, as well as collaboration with colleagues outside of Canada. 

Why join our team:

• We help you be your best through professional development opportunities including our actuarial education program, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

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 Early Careers Section of our website at . Please note that applications that are missing any of these documents may not be considered. We will review application submissions and you will be contacted if you are selected for an interview. Kindly mention each job(s) you are applying.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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, disability, ethnic origin, family duties, gender orientation or expression, 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. In accordance with applicable legislation, Marsh 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 View email address on careers.marsh.com

Marsh 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 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.