.. : Design and develop training programs that address the specific needs of Retail staff at various levels, including sales associates, supervisors, and .. . Training Delivery: Conduct engaging and interactive training sessions for Retail staff, both in-person and virtually, ensuring all learning objectives are .. read more
JOB DESCRIPTION
Job Title Associate - Retirement Consulting Actuaries
Career Level- E/F
Business/Function- Retirement
Segment- Actuarial
Region / Market- Growth Markets/ IMETA/India
POSITION SUMMARY
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.
ESSENTIAL JOB RESPONSIBILITIES
Responsibility
% of time spent
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.
60%
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.
15%
3
Supervise employees as direct reports, typically upto 4-5
Have full authority for the following people management responsibilities
Assigning, directing and evaluating work
Conducting performance evaluations, progressive counselling and career development discussions
Ensuring appropriate orientation and on-going education/training
Provide critical input to the following people management responsibilities
Hiring and firing employees
Promotion, salary and bonus actions
10%
4
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/client
Coordinate 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.
15%
Position Scope
Revenue generation / asset management accountability
Individual revenue accountability
(i.e., personal revenue goal)
Yes
Team revenue accountability
(i.e., total revenue for team(s) under the position’s management)
Yes
Management responsibility
(i.e., hiring, coaching, scheduling / delegating work, performance reviews)
Number of direct reports
4 to 5
Total reports
(Direct and indirect)
5 to 7
Project management
(i.e., indirect management of project teams)
Typical project team size
Manages multiple projects? (Yes/No)
Yes
Percentage of time spent on project management
20%
KNOWLEDGE, SKILLS AND ABILITIES
Education
(degree / diploma)
Partially qualified actuary with atleast 4-5 actuarial exams with IAI or IFOA
Graduate or Post Graduation with relevant subject of Mathematics / Statistics
Experience
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
Knowledge and skills (general and technical)
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
Other requirements (licenses, certifications, specialized training)
Partially qualified from IAI or IFOA with atleast 4-5 exams
3
Supervise employees as direct reports, typically upto 4-5
Have full authority for the following people management responsibilities
Assigning, directing and evaluating work
Conducting performance evaluations, progressive counselling and career development discussions
Ensuring appropriate orientation and on-going education/training
Provide critical input to the following people management responsibilities
Hiring and firing employees
Promotion, salary and bonus actions
10%
4
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/client
Coordinate 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.
15%
POSITION SCOPE
Revenue generation / asset management accountability
Individual revenue accountability
(i.e., personal revenue goal)
Yes
Team revenue accountability
(i.e., total revenue for team(s) under the position’s management)
Yes
Management responsibility
(i.e., hiring, coaching, scheduling / delegating work, performance reviews)
Number of direct reports
4 to 5
Total reports
(Direct and indirect)
5 to 7
Project management
(i.e., indirect management of project teams)
Typical project team size
Manages multiple projects? (Yes/No)
Yes
Percentage of time spent on project management
20%
KNOWLEDGE, SKILLS AND ABILITIES
Education
(degree / diploma)
Partially qualified actuary with atleast 4-5 actuarial exams with IAI or IFOA
Graduate or Post Graduation with relevant subject of Mathematics / Statistics
Experience
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
Knowledge and skills (general and technical)
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
Other requirements (licenses, certifications, specialized training)
Partially qualified from IAI or IFOA with atleast 4-5 exams
Mercer 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 approximately 25,000 employees are based in 43 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 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and Twitter.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity or any other characteristic protected by applicable law