We are seeking a talented individual to join our Mercer Marsh Benefits (MMB) team at Mercer. This role will be based in Toronto for the Summer 2026 term. This is a hybrid role that has a requirement of working at least three days a week in the office. 

As an Employee Benefits Actuarial Co-Op in the MMB practice, you will work with a broad range of clients and industries in a stimulating environment, participating as an integral member of project teams to design benefits programs that support clients’ success.  

We Will Count On You To: 

• 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.  

• Employ actuarial techniques to perform valuation modelling of retiree group benefit plan costs and post-employment obligations     

• 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 You Need To Have?  

• Strong analytical skills, both quantitative and qualitative, and working knowledge of Excel  

• Experience in data analysis and presentation design  

• Excellent interpersonal, verbal, and written communication skills  

• Intellectual curiosity, seeking opportunities to develop new skills  

• Flexibility, adaptability, and the ability to work under tight deadlines and changing client needs  

• Superior organizational skills and strong attention to detail  

What Makes You Stand Out?  

• Completion of two (2) years towards a Bachelor's Degree in Actuarial Science, Statistics, or related field preferred  

• Previous relevant work experience  

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.  

What's Next?  

In order to be considered, submit your complete application by providing a cover letter, your resume and your most recent transcript in PDF format, via our career section.  

We will review completed application submission and you will be contacted if you are selected for an interview.  

The applicable salary for this role is $65,000.