Actuarial Specialist - GMP Equalization

Job description

We are seeking a talented individual to join our Wealth Actuarial team at Mercer, a Marsh business. This role will be based in Gurgaon/Noida. This is a hybrid role that has a requirement of working at least three days a week in the office. **Specialist/ Senior Specialist Actuarial - UK Pensions (GMP Equalization)** **Location: Gurugram** The role would be responsible for working with the analysts and on-shore consulting teams to deliver an excellent and consistent experience for all our clients through detailed checking and channels of communication. This role should stimulate analysts to be independent and establish trust among subordinates and hierarchy alike. In this role, one should be able to take ownership of projects and organized tasks and feel confident in making their own decisions and executing plans. He/She should also be capable of working without close supervision and thriving in an autonomous working environment. The applicant is expected to be diligent and responsible adequately to pull more out of the scope and put in the effort to contribute to other spheres as well. **What can you expect?** - Perform Actuarial Calculations in GMP rectification, GMP equalization and conversion - 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 processes - Healthy work life balance and study support to progress with professional 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 - 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 actuarial papers - Should have undertaken the responsibility of coaching / mentoring team members. - 2+ years of relevant experience in the areas on GMP rectification/ equalisation of UK 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 diligently/incrementally whenever ideas occur - Good communication and interpersonal skills. - Adaptive to organisational culture and business environment and Good Team Player **What makes you stand out:** - Masters in Statistics / Mathematics / Actuarial science - Should have cleared CM1 preferably - 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 **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. Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X. Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gende