The WealthActuarial team supports Actuaries and Consultants of UK Occupational Pension Schemes with a broad range of actuarial & financial management services 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 Actuarial is seeking candidates for the following position based in the Mumbai / NCR office:
Lead Specialist – Wealth Actuarial
What can you expect
- Perform Actuarial Calculations like Valuation of DB Schemes, member pensions, 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 process
- 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 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 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 organization
We will count on you to:
- As a releaser of processes, ensure the quality of delivery of all EB actuarial work released to UK actuaries is of high standard.
- Meeting all service level agreements at least 95% of the time.
- Maintaining a high quality of deliverables, ensuring a 95% QC positive track.
- Ensuring not more than 2 audit failures within the team. Ensure workflow owners follow the cons ops guidelines and are not subject to audit failures.
- Maintaining minimum team productivity of 105% and agreed client utilisation targets (in the range of 65%-70%).
- Ensure constructive and timely feedback is provided for all work completed by self and team members.
- Initiate and implement improvements to existing processes to bring about greater efficiencies.
- Implement ideas agreed by the internal management team or the cons ops exec.
- As owners of templates and portfolio guides, ensure these are regularly updated.
- Through automation, provide suggestions to reduce should take times.
- Contribute to EB / KS wide projects. As an individual, work on one project within the team.
- Provide bandwidth to team members to meaningfully contribute to project work.
- Regular, structured and documented 1-1s to provide clear direction on performance levels and career paths.
- Appropriately reward and recognise contribution of team members, creating the right level of visibility for their contributions. Actively represent the team's and employee's success stories to larger platforms.
- Highlight and escalate people issues through the right channels. Ensure solutions are identified and communicated back.
- Ensure team attrition is limited to 10% per year, proactively suggest and implement steps to keep this under control.
- Work together with the cons ops management team to identify training needs and plans for the team.
- Conduct training sessions for the team. Regular follow up and on floor support to team members on technical query resolution, problem solving, soft skill development.
- Provide adequate support through internal and external training sessions for skill development – at least 3 days of training per individual in the year. Liaise with the Technical Manager.
- Ensure timely delivery of management reports to stakeholders, with 100% compliance to monthly timelines
- Due diligence, follow up on escalations, negative feedbacks.
What you need to have:
- Graduation in any stream. Should be a member of the Actuarial profession (enrolled to complete actuarial studies at least)
- Masters in statistics / maths / Actuarial science (preferred)
- Should have successfully cleared 2 to 5 actuarial papers (preferably CT1, CT5)
- Should have undertaken the responsibility of coaching / mentoring team members.
- Essential: 3-5 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.
What makes you stand out
- Masters in Statistics / Mathematics / Actuarial science
- Should have cleared CT1, CT5
- Prior experience in team training / management
- Exposure to process automations, MI related activities
- Good communication and interpersonal skills.
- Adaptive to organisational culture and business environment
- Knowledge of other forms of employee benefits.
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, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one anchor day per week on which their full team will be together in person.
