Location
Mumbai | India
Job description
The WAS (Wealth Analytical Services) Actuarial team supports Actuaries and Consultants of UK Occupational Pension Schemes with a broad range of actuarial & financial management services likeservices like Funding Valuation, Accounting (FRS102/IAS19R), Actuarial reports, Individual member calculations, de-risking projects, etc. We have a client base of 450+ clients, providing more than 50k+ hours of deliverables annually.
Wealth Analytical Services is seeking candidates for the following position based in the Mumbai office:
Analyst – WAS Actuarial
What can you expect
- Perform Actuarial Calculations like Valuation of DB Schemes, member pensionsindividual member calcs, etc.
- 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 processesrobust process
- Healthy work life balance and study support to progress with professional exams
What can you expect
Perform assigned task and objectives to an acceptable standard within agreed timescales
Opportunity to contribute ideas to setting up and improvement to process templates
Follow all statutory and company regulations while processing work to protect clients and the business interests
Support in developing and building a robust process
Healthy work life balance and study support for actuarial exams
What is in it for you
Discover what's great about working at Marsh and McLennan Companies – from the opportunities that our size brings, to our commitment to our communities and understanding the benefits you'll receive. We are four businesses with one PURPOSE: helping companies meet the challenges of our time.
As a global leader in insurance broking and risk management, we are devoted to finding diverse individuals who are committed to the success of our clients and our organisation. Joining us will provide a solid foundation for you to accelerate your career in the risk and insurance industry. You will join a team of talented professionals from across the globe which is dedicated to helping clients manage some of the world's most challenging and complex risks. We can promise you extraordinary challenges, extraordinary colleagues, and the opportunity to make a difference.
Our rich history has created a client service culture that we believe is second to none. Our commitments to Diversity and Inclusion, Corporate Social Responsibility, and sustainability demonstrate our commitment to stand for what is right.
As a Marsh and McLennan Company colleague, you will also receive additional benefits such as:
- A competitive salary
- Employee friendly policies
- Health care and insurance for you and your dependants
- Healthy Work life balance
- A great working environment
- Flexible benefits packages to suit your needs and lifestyle
- Future career opportunities across a global organisation
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
- Delivery Management of assignments / projects with all regulatory guidelines and processes within stipulated time
- Develop an understanding of technical areas as appropriate to role under the guidance of a senior member of the team
- 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
- 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 at least 1 actuarial paper and/or relevant degree in Actuarial Sciences
- Should have a basic understanding of pension benefits and should be able to differentiate between DB and DC schemes (knowledge of UK employee benefits would be an added advantage)
- Should have undertaken the responsibility of coaching / mentoring team members.
- 2-3 years of relevant experience in the areas on valuation of 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 diligentlyaway diligently/incrementally whenever ideas occur
- Good communication and interpersonal skills.
- Adaptive to organisational culture and business environment and Good Team Player
- Graduation in any stream. Should be a member of the Actuarial profession (enrolled to complete actuarial studies at least)'
- Should have successfully cleared minimum of 2 actuarial papers
- Knowledge of EB pensions domain
- Strong quantitative and analytical skills with ability to translate data into meaningful insights
- Knowledge and understanding of benefit calculations
- Basic skills in MS Office
What makes you stand out
- Masters in Statistics / Mathematics / Actuarial science
- Should have cleared CT1, CT5
- 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
- Masters in Statistics / Mathematics / Actuarial science
- Should have cleared CT1, CT5
- Any internship done within actuarial domain or related past work experience
- Knowledge of other forms of Employee Benefits
- Advanced skills in MS Office and VBA (macros)
- Good communication and interpersonal skills.
- Adaptive to organisational culture and business environment
- Team Player
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.
The WAS (Wealth Analytical Services) Actuarial team supports Actuaries and Consultants of UK Occupational Pension Schemes with a broad range of actuarial & financial management services likeservices like Funding Valuation, Accounting (FRS102/IAS19R), Actuarial reports, Individual member calculations, de-risking projects, etc. We have a client base of 450+ clients, providing more than 50k+ hours of deliverables annually.
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