Associate - Retirement Consulting Actuaries

3 weeks ago

Mumbai, India Marsh McLennan Companies Full time
Description:

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

:1) 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.2) 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.3) Supervise employees as direct reports, typically upto 4-5. Have full authority for the following people management responsibilitiesAssigning, directing and evaluating work

Conducting performance evaluations, progressive counselling and career development discussions

Ensuring appropriate orientation and on-going education/training

4) Provide critical input to the following people management responsibilitiesHiring candidates

Promotion, salary and bonus actions.

5) 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/clientCoordinate 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

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