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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:

Senior Manager Actuarial




What can you expect?


Check and review Actuarial Calculations like Valuation of DB Schemes, member pensions, funding updates, company accounting, etc.
Work on multiple streams within the same team to help develop overall business understanding and continuous development of technical skills
In-house virtual and in-person training on UK Employee Benefits
Opportunity to contribute ideas to setting up and improvement to processes
Train and mentor junior colleagues
Grow and develop skills to become SMEs on multiple processes
Guidance on legislative changes and actuarial procedures
Support in developing and building robust processes
Contribute and lead new transition activities
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.
Ensuring not more than 1 audit failure.
Be the subject matter expert on the valuation process across a wide variety of clients
Maintaining minimum productivity of 100% and agreed client utilisation targets (in the range of 65%-70%).
Be an ambassador to drive and promote the use of workflow management tools in line with the agreed guidelines.
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 the cons ops exec.
As owners of templates and portfolio guides, ensure these are regularly updated.
Through automation, implement solutions to reduce should take times.
Contribute to team/function wide projects. Work on one project within the team.
Conduct interviews, contribute to recruitment activities
Actively represent the teams success stories to larger platforms.
Work together with the internal 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.
Help prepare management reports to stakeholders, other compliance activities
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)
Should have successfully cleared 2 to 5 actuarial papers
Should have undertaken the responsibility of coaching / mentoring team members.
Essential: 7-8 years of relevant experience in the areas on valuation of pension schemes.
Demonstrated track record with respect to managing service delivery
Strong quantitative and analytical skills with ability to translate data into meaningful insights
Established track record with respect to managing service delivery and capability building
Ability to question the objective of an exercise and prod away diligently/incrementally whenever ideas occur
Intermediate to advanced skills in MS-Excel and in house valuation software


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.