Senior Analyst, Actuarial Consulting

1 Month ago • All levels

Job Summary

Job Description

As a Senior Analyst, Actuarial Consulting, you will support the delivery of life insurance related actuarial projects, including preparing actuarial valuation reports, capital projections, benefit design, and pricing reviews. You will work alongside Mercer’s leading Actuarial consultants to solve issues related to business sustainability, competitive product offerings, and retirement income strategies. Responsibilities include preparing financial condition and actuarial valuation reports, calculations for regulatory reporting, enhancing product design, general actuarial modeling, responding to client queries, providing technical support, and supporting broader business initiatives.
Must have:
  • Experience in life insurance, including LAGIC and AASB17
  • Strong communicator with an inclusive mindset
  • Interested in generating data-driven insights
  • Relevant actuarial qualification (at least AIAA or equivalent)
Good to have:
  • Experience in a consulting environment
  • VBA or other programming skill proficiency
Perks:
  • Professional development opportunities
  • Interesting work and supportive leaders
  • Vibrant and inclusive culture
  • Range of career opportunities, benefits, and rewards

Job Details

Company:

Mercer

Description:

We are seeking a talented individual to join our Consulting team at Mercer. This role can be based in Melbourne or Sydney. This is a hybrid role that has a requirement of working at least three days a week in the office.

As a Senior Analyst, Actuarial Consulting, you will support delivery of a range of life insurance related Actuarial projects which include preparation of actuarial valuation reports, capital projections, benefit design and pricing reviews.

You will have the opportunity to work alongside Mercer’s leading Actuarial consultants to solve issues including business sustainability and efficiency, competitive product offerings, and retirement income strategies. You will work with team members on client deliverables, provide input to business development activities, and provide support to our graduate analysts.

We will count on you to:

  • Prepare Financial Condition Reports and Actuarial Valuation Reports.
  • Prepare calculations specific to AASB17 and APRA for regulatory reporting and financial statement preparation.
  • Enhance product design and pricing strategies.
  • Undertake general actuarial modelling, spreadsheet modelling and valuation calculations.
  • Respond to queries and requests from clients which requires actuarial or technical inputs.
  • Offer technical support and insights that necessitate data-driven decision-making.
  • Support broader business initiatives during non-peak periods.

What you need to have:

  • Demonstrated experience in life insurance, including LAGIC and AASB17
  • Strong communicator with an inclusive and collaborative mindset
  • Interested in generating data-drive insights
  • Relevant actuarial qualification (at least AIAA or equivalent)

If you have a strong client focus, like to solve complex problems, have a keen eye for detail and have a passion for creating better lives, then we need you to help insurers, superannuation funds, university endowments and asset owners navigate some of the biggest challenges of our time

What makes you stand out:

  • Experience in a consulting environment
  • VBA or other programming skill proficiency

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.

Applications will only be considered from candidates who have the appropriate approval to work in Australia. Successful applicants will be required to complete a Criminal & Bankruptcy check prior to commencement of employment.

About Mercer:

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 creating 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.

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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