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Marsh & McLennan Companies

Senior Actuarial Analyst (Defined Benefit Pensions)

An exciting opportunity working as a core member of our Wealth business with a primary focus on Defined Benefit (DB) actuarial consulting work. The role will involve supporting consultants and actuaries in all aspects of pensions and actuarial advice for both trustee and corporate clients.

Depending on specific experiences, this role would typically be suitable for someone with current experience within an actuarial pensions consultancy role and making good progress through the actuarial exams; all the way up to those nearly qualified. In addition to considering candidates that are located in Edinburgh, we will consider candidates that are based in locations nationwide.

Key Responsibilities

In this role you will be required to manage numerous tasks with your day to day responsibilities including:

  • Assisting consultants on the delivery of both strategic and day to day advice, requiring a detailed level of client knowledge, as well as good working relationships with key contacts
  • Preparing, attending and participating in client meetings to provide routine advice to clients with the support of senior consultants
  • Delivery of a streamlined service to clients through working with Mercer’s Wealth Analytics Services, Specialty Groups and other Mercer businesses (e.g. administration)
  • Project management of different work streams, liaising with the internal stakeholder, and self-management of time and deadlines
  • Dealing with routine and non-standard queries received from clients, scheme members, third parties and other Mercer businesses
  • Carrying out non-standard scheme benefit calculations and involvement in wider actuarial work (i.e. assumptions advice, funding advice, actuarial factor reviews, funding updates, accounting, scheme design, actuarial equivalence calculations and other ad-hoc projects)
  • Providing initial drafts of client correspondence and presentations
  • Liaising with clients on a regular basis to ensure clients are kept appraised of all relevant developments
  • Researching new business prospect activity and collating information for consultants to support business development opportunities
  • Delegating work to more junior colleagues; acting as a mentor to, and helping develop junior colleagues
  • Presenting technical training sessions (e.g. legislative changes) to other colleagues to support development


Skills and Experience

To be successful in this role you possess the following skills and experience:

  • A broad understanding of how UK pensions schemes operate and the ability to interpret rules and awareness of what they mean for client work
  • Good analytical skills and ability to work through tasks in a logical manner and problem solve
  • Ability to work independently and self-motivate in both large and small teams
  • Understanding of clients current and potential future needs
  • Strong IT skills with good working knowledge of Microsoft Office, including Excel and Outlook
  • Excellent planning and organisational ability in order to prioritise and complete work in accordance to deadlines
  • Ability to build relationships with colleagues and clients
  • Excellent written and verbal communication skills
  • Willingness to learn new skills and be adaptable in a changing environment
  • Educated to degree level (minimum 2:1) in a numeric subject and studying towards a professional pensions qualification i.e. Actuarial.

About us

Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer's 20,000 employees are based in more than 40 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. We strive to develop our staff offering them training, support, progression options and exposure to technical work to help them develop their skill set as well as their career.

At Mercer we are open to flexible and part time working arrangements for new hires.  The aim of our flexible working policy is to enable employees to balance work and home life more effectively, whilst meeting the needs of our business. This is another step towards us being an employer of choice. We encourage you to discuss your requirements with us when you apply for a role (we’re very flexible!).

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