Actuarial Analyst

1 Month ago • All levels

Job Summary

Job Description

The Actuarial Analyst will specialize in a wide range of retirement solutions, providing technical expertise and support to the UK Retirement market. This role involves working on DB pensions, utilizing actuarial principles, pension funding, and regulatory requirements. Key responsibilities include performing calculations, checking technical accuracy, supporting consultants, managing client work, contributing to continuous improvement, and developing expertise in Excel, VBA, and Mercer's technology. The position is based in Belfast or Exeter, with a hybrid work arrangement requiring at least three days a week in the office.
Must have:
  • Numerical or Actuarial Science degree.
  • Experience working on DB pensions.
  • Strong understanding of actuarial principles.
  • Strong analytical, numerical and critical thinking skills.
  • Exceptional attention to detail.
Good to have:
  • Keen interest in building a technical career.
  • Understanding of UK pensions.
Perks:
  • Professional development opportunities.
  • Vibrant and inclusive culture.

Job Details

Company:

Mercer

Description:

We are currently looking for a talented and ambitious Actuarial Analyst who is keen to develop their career by joining our UK GSD Wealth Actuarial Services team. You will specialise in a wide range of retirement solutions, providing technical expertise and support to our UK Retirement market.

This role would be suitable for someone who already has experience working on DB pensions within an actuarial role, with a strong understanding of actuarial principles, pension funding, and regulatory requirements.

You will be working as part of our GSD Wealth Actuarial team on complex defined benefit modelling using advanced actuarial skills and techniques, specialising in complex UK pension solutions

You will play a key role in completing technical actuarial pension calculations, delivering bespoke projects and wider actuarial work to support Consultants and Scheme Actuaries on client deliverables. 

Based in our Belfast or Exeter offices this is a hybrid role that has a requirement of working at least three days a week in the office.

We will count on you to:

  • Carry out non-standard scheme benefit calculations and involvement in wider actuarial work
  • Check technical accuracy on work of all complexities across services and non-standard projects
  • Work as part of client teams to support consultants on the delivery of advice, client queries, working with third parties, and contributing to client meetings.
  • Manage client work across multiple services with a focus on agility, allowing scalability and adaptability in the services and solutions we provide
  • Contribute to continuous improvement by creating new ways of working through process design, implementation and optimisation.
  • Develop expertise in excel, VBA and Mercer in house technology enabling high quality IT and product solution development
  • Work in partnership and develop relationships with internal teams to deliver a streamlined service to other lines of business within Mercer

What you need to have: 

  • Numerical or Actuarial Science degree
  • Previous experience working on DB pensions within an actuarial role
  • Strong understanding of actuarial principles, pension funding, and regulatory requirements.
  • Strong analytical, numerical and critical thinking skills
  • Exceptional attention to detail ensuring quality and delivery in line with deadlines
  • Have strong IT skills with good working knowledge of Microsoft office, in particular Excel

What makes you stand out:

  • Keen interest in building a technical career in the UK pension industry 
  • Understanding of UK pensions or experience in an actuarial role

Why join our team:

  • We help you be your best through professional development opportunities, 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.

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow 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, civil partnership status, 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. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.

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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About The Company

Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 76,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advancedrisk,reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

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