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Employee Benefits Consulting Analyst - Toronto - 2025 New Graduates

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Mercer

Sep 13

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Consulting
    Accounting & Tax
  • Toronto

Requirements

  • Graduating with a bachelor's degree in finance, statistics, business administration or a related field between December 2024 – June 2025
  • Strong analytical and mathematical skills and working knowledge of Excel and others MS-Office software programs
  • Excellent interpersonal, verbal, and written communication skills
  • Intellectual curiosity; seeking opportunities to develop new skills
  • Ability to work in teams and be flexible to work under tight deadlines and changing client needs
  • Superior organizational skills and strong attention to detail
  • Previous work-related experience obtained during internships or co-op work terms
  • Familiarity or experience with group insurance benefits would be an asset (through work experience, CEBS GBA designation or working towards it). You will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies

Responsibilities

  • - Participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees.
  • - Work in a collaborative environment on a wide variety of client teams with any number of our 80+ Health colleagues in Toronto.
  • - Support clients in the financial and strategic management of their employee benefit programs through analysis and communication.
  • - 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.
  • - 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.
  • - Gain an understanding of the following, through online training, group sessions, or one-on-one training with colleagues: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation.
  • - 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 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.
  • - 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.
  • - 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.

FAQs

What is the job title for this position?

The job title is Employee Benefits Consulting Analyst.

Where is this position located?

This position is located in Toronto.

When can new graduates apply for this position?

New graduates can apply for this position starting in Summer or Fall 2025.

What qualifications are required for this role?

A bachelor's degree in finance, statistics, business administration, or a related field is required, with graduation between December 2024 and June 2025.

What skills are essential for the Employee Benefits Consulting Analyst position?

Essential skills include strong analytical and mathematical abilities, proficiency in Excel and MS Office, excellent communication skills, and superior organizational skills with attention to detail.

Is previous work experience preferred for this position?

Yes, previous work-related experience obtained during internships or co-op work terms is preferred.

What does the role encompass?

The role encompasses providing data and financial analysis on employee benefit programs, supporting clients in financial and strategic management, performing calculations related to benefit plans, and assisting with project management and reporting.

What opportunities for professional growth does Mercer offer?

Mercer offers a variety of virtual learning and development resources to support personal and professional growth, as well as opportunities to network through Business Resource Groups.

Are there any diversity and inclusion initiatives at Mercer?

Yes, Mercer promotes a diverse and inclusive culture where employees are celebrated and appreciated for who they are, and there are initiatives like PRIDE, Women@Mercer, and Racial & Ethnic Diversity groups.

What should candidates submit to apply for this position?

Candidates should submit a cover letter, resume, and their most recent transcript in PDF format via Mercer's career section.

How does Mercer handle accommodations for disabilities?

Mercer provides reasonable accommodations to employees and prospective employees upon request in accordance with the Accessibility for Ontarians with Disabilities Act, 2005.

What workplace flexibility does Marsh McLennan offer?

Marsh McLennan is committed to hybrid work, allowing flexibility for remote work while encouraging collaboration in the office, with all teams identifying at least one “anchor day” per week for in-person meetings.

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Mercer

Preparing you for the future of work. Improving health and well-being. Reshaping retirement and investment outcomes

Consulting
Industry
10,001+
Employees
1945
Founded Year

Mission & Purpose

Mercer is a global consulting firm that specializes in providing human resources, benefits, and investment-related services to organisations. They offer a wide range of consulting solutions in areas such as talent management, compensation and benefits, retirement planning, and investment advice. Mercer's ultimate mission is to help organisations and individuals achieve better health, wealth, and career outcomes. Their purpose lies in delivering personalised and data-driven solutions that address the evolving challenges in the workplace, improve employee well-being, and optimise organisational performance. By leveraging their expertise in human capital, health, and wealth management, Mercer aims to empower businesses to make informed decisions, attract and retain top talent, and create sustainable and thriving work environments. Additionally, they strive to assist individuals in making informed financial decisions to secure their financial future and retirement. Through their consulting services and research-driven insights, Mercer seeks to shape the future of work, promote employee well-being, and drive positive change in the world of work and benefits.

Benefits

  • Paid vacation and holidays

  • Life insurance

  • Legal assistance

  • Health club discounts

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