Employee benefit associate
| Company | Marsh & McLennan |
|---|---|
| Location | Toronto, ON, Canada |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level |
Requirements
- Bachelor’s degree.
- Life Licensed agent in Ontario or ability to obtain one within 6 months.
- 3-4 years related experience in Canadian employee benefits consulting or financial underwriting group benefits.
- Strong technical underwriting skills and knowledge of the Canadian insurance market.
- Detail-oriented, strong mathematical skills.
- Strong organizational skills.
- Strong oral and written communication skills.
- Ability to work in a team environment where the priorities and requirements may change quickly.
Responsibilities
- Validate and compare premiums for group benefit plans under vendor renewals, quotes, or benchmarking exercises with other companies in the industry.
- Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes.
- Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs.
- Analyze cost drivers by reviewing client’s utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client’s vendor reports or raw data from external databases.
- Perform analyses for larger, more complex clients, including more in-depth analysis for complex situations that may require additional research or discussion with Mercer subject matter experts.
- Perform technical reviews of any of the above when prepared by a junior member of a client team.
- Gather necessary data from the vendor or client; review to ensure it is complete, accurate, and reasonable; and prepare data in a particular template or format for use in basic or advanced financial analyses.
- Work with your client teams to develop recommendations and reporting for clients based on your analysis, including the preparation of client-ready presentation materials.
Preferred Qualifications
- A Group Benefits Associate (GBA) and/or Certified Employee Benefit Specialist (CEBS) designation.
- Strong communication and presentation skills, experience working and presenting directly to clients.
- Strong project management skills and experience managing complex projects with multiple stakeholders and dependencies.
- Proficiency with Microsoft Office (Excel, Word, PowerPoint).