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Employee Benefits Analyst, Greater London
Client:
CA007 Mercer (Canada) Limited
Location:
Greater London, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
5d148353f24c
Job Views:
7
Posted:
01.03.2025
Expiry Date:
15.04.2025
Job Description:
Description:
We are seeking a talented individual to join our Health & Benefits Consulting team at Mercer as an Employee Benefits Analyst. This role will be based in London, Ontario office. This is a hybrid role that has a requirement of working at least three days a week in the office.
The Employee Benefits Analyst will provide accurate and timely data and financial analysis on various projects for medical, dental, life, and disability programs. The Employee Benefits Analyst will participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees. She/He will work in a collaborative environment on a variety of client teams with colleagues in our London office and potentially other offices across the country. The Employee Benefits Analyst will support clients in the financial and strategic management of their employee benefit programs through analysis and communication and perform basic or complex calculations with respect to the costs of our clients’ current employee benefit plans and insurance arrangements, including using Mercer’s internal tools to price plan design changes and prepare future cost projections.
The Employee Benefits Analyst will gain an understanding of basic project management and consulting skills including managing the quality and timeliness of client deliverables, participating in client calls and meetings as appropriate, and assisting with the preparation of clear and concise client-friendly communications. Additionally, they will gain an understanding of Health and Benefits products, services, and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting, and evaluation through online training, group sessions, or one-on-one training with colleagues.
We will count on you to:
1. Validate and compare premiums for group benefit plans under vendor renewals, quotes, or benchmarking exercises with other companies in the industry;
2. Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes;
3. Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs;
4. Analyze cost drivers by reviewing client's cost/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;
5. 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;
6. 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;
7. Work with your client teams to develop recommendations and reporting for clients based on your analysis.
What you need to have:
1. Detail-oriented, strong mathematical skills;
2. Strong organizational skills;
3. Strong oral and written communication skills;
4. Ability to handle multiple tasks in a demanding fast-paced work environment;
5. Ability to work in a team environment where the priorities and requirements may change quickly;
6. Proficiency with Microsoft Office (Excel, Word, PowerPoint);
7. Will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies.
What makes you stand out:
1. Post-secondary degree or equivalent experience in mathematics, accounting, finance, or economics;
2. Familiarity or experience with group insurance benefits would be an asset (through work experience, CEBS GBA designation, or working towards it).
Why join our team:
1. We help you be your best through professional development opportunities, interesting work, and supportive leaders;
2. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact for colleagues, clients, and communities;
3. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
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