Employee Benefits Analyst
Marsh McLennan
Toronto, Ontario, Canada
5h ago

At Mercer, we’re creating a culture where you can bring your authentic self to work. When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally regardless of who you are, what you look like, where you were raised or born, who you love or what your religious beliefs are. You are welcome here.

Mercer’s Health & Benefits Consulting team is seeking an Employee Benefits Analyst for our Toronto, Montreal, Edmonton or Vancouver offices

Employee Benefits Analyst

What can you expect?

Mercer allows its employees to personalize their roles and careers within the Company. We encourage the sharing of intellectual capital in a spirit of partnership.

You can expect to be challenged and to be rewarded for your achievements.

The Employee Benefits Analyst will provide accurate and timely data and financial analysis on various projects for medical, dental, life and disability programs.

The Employee Benefits Analyst will :

  • Participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees.
  • Work in a collaborative environment on a wide variety of client teams with any number of our 80+ Health colleagues in Toronto.
  • Support clients in the financial and strategic management of their employee benefit programs through analysis and communication.
  • Perform basic or complex calculations with respect to the costs of our clients’ current employee benefit plans and insurance arrangements, including using Mercer’s internal tools to price plan design changes and prepare future cost projections.
  • Gain an understanding of basic project management and consulting skills including : managing the quality and timeliness of client deliverables, participating in client calls and meetings as appropriate and assisting with the preparation of clear and concise client-friendly communications
  • Gain an understanding of the following, through online training, group sessions, or one-on-one training with colleagues : Health and Benefits products, services and technical tools offered by Mercer, vendor / carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation.
  • What is in it for you?

    As an Employee Benefits Analyst, you will :

  • Be part of our great training and development programs, including our continuing education program
  • Have the opportunity to work with the best tools, resources and some of the smartest people in the industry
  • Be part of a work environment that promotes social connection and work-life flexibility
  • Be provided opportunities to personalize your role and career
  • Be rewarded for your contributions
  • We will count on you to :

  • Validate and compare premiums for group benefit plans under vendor 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;
  • Analyze cost drivers by reviewing client's cost / utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client's vendor reports or raw data from external databases
  • Perform analyses for larger, more complex clients, including more in-depth analysis for complex situations that may require additional research or discussion with Mercer subject matter experts
  • Gather necessary data from the vendor or client; review to ensure it is complete, accurate and reasonable; and prepare data in a particular template or format for use in basic or advanced financial analyses.
  • Work with your client teams to develop recommendations and reporting for clients based on your analysis
  • What you need to have :

  • Detail-oriented, strong mathematical skills
  • Strong organizational skills
  • Strong oral and written communication skills
  • Ability to handle multiple tasks in a demanding fast-paced work environment
  • Ability to work in a team environment where the priorities and requirements may change quickly
  • Proficiency with Microsoft Office (Excel, Word, Powerpoint)
  • Will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies
  • What makes you stand out :

  • Post-secondary degree or equivalent experience in mathematics, accounting, finance or economics.
  • Familiarity or experience with group insurance benefits would be an asset (through work experience, CEBS GBA designation or working towards it)
  • In accordance with applicable legislation, Mercer 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 .

    believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

    Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE : MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion.

    Through its market-leading businesses including , and , Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment.

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