Mercer is seeking a candidate for following position based out our office in Mumbai office.
Specialist - Actuarial - UK Pensions (GMP Equalization)
The role would be responsible for working with the analysts and on-shore consulting teams to deliver an excellent and consistent experience for all our clients through detailed checking and channels of communication. This role should stimulate analysts to be independent and establish trust among subordinates and hierarchy alike.
In this role, one should be able to take ownership of projects and organized tasks and feel confident in making their own decisions and executing plans. He/She should also be capable of working without close supervision and thriving in an autonomous working environment.
The applicant is expected to be diligent and responsible adequately to pull more out of the scope and put in the effort to contribute to other spheres as well.
What can you expect?
Perform Actuarial Calculations in GMP rectification, GMP equalization and conversion
In-house virtual and in-person training on UK Employee Benefits
Opportunity to contribute ideas to setting up and improvement to process templates
Guidance on legislative changes and actuarial procedures
Support in developing and building a robust processes
Healthy work life balance and study support to progress with professional exams
We will count on you to:
Delivery Management of multiple assignments / projects
Maintain high quality and work within stipulated / agreed timelines
Follow organisational guidelines / processes
Contribute ideas and suggestions for improvements to process templates
Personal Development with active participation in team meetings
Training and sharing of knowledge with colleagues
Make steady progress with appropriate professional examinations
What you need to have:
Graduation in any stream. Should be a member of the Actuarial profession (enrolled to complete actuarial studies at least)’
Should have successfully cleared 2 to 4 actuarial papers
Should have undertaken the responsibility of coaching / mentoring team members.
2+ years of relevant experience in the areas on GMP rectification/ equalisation of UK pension schemes.
Demonstrated track record of providing high quality work, good technical know-how and ability to work on bespoke projects with a team
Knowledge of EB pensions domain
Strong quantitative and analytical skills with ability to translate data into meaningful insights
Knowledge and understanding of benefit calculations
Ability to question the objective of an exercise and prod away diligently/incrementally whenever ideas occur
Good communication and interpersonal skills.
Adaptive to organisational culture and business environment and Good Team Player
What makes you stand out?
Masters in Statistics / Mathematics / Actuarial science
Should have cleared CM1 preferably
Prior experience in team training / management
Intermediate to advanced skills in MS-Excel will be an added advantage
Good communication and interpersonal skills.
Adaptive to organisational culture and business environment
Knowledge of other forms of employee benefits
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, caste, 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.
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.