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No. Of Position - 1
Last Date To Apply: 5 March 2024


The GSD Wealth Actuarial 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 75k+ hours of deliverables annually.


The Actuarial team is seeking candidates for the following position based in the Mumbai office:

Lead Specialist Actuarial



What can you expect?



Perform, check and review Actuarial Calculations like Valuation of DB Schemes, member pensions, funding updates, company accounting, etc.

Communicate and agree scope of work, budgets and other requirements with scheme and corporate actuaries.

Train and mentor junior colleagues

Grow and develop skills to become SMEs on multiple processes

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 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 youll 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:



As a releaser of processes, ensure the quality of delivery of all 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.

Maintaining minimum productivity of 100% and agreed client utilisation targets (in the range of 65%-70%).

Ensure constructive and timely feedback is provided for all work completed

Initiate and implement improvements to existing processes to bring about greater efficiencies.

Implement ideas agreed by the internal management team or at a business level.

As owners of templates and portfolio guides, ensure these are regularly updated.

Through automation, provide suggestions to reduce should take times.

Contribute to team wide projects. As an individual, work on one project within 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.


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

Should have undertaken the responsibility of coaching / mentoring team members.

Essential: 4-6 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

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 believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercers approximately 25,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy and people, with 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit (link removed). Follow Mercer on LinkedIn and Twitter.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity or any other characteristic protected by applicable law.