Role - Senior Manager - Actuarial - Wealth MRA
Location - Gurugram
Number of Roles - 2
Last Date to Apply – 24th October 2025
Mercer is seeking candidate for following position based out of our office in Gurugram office.
Senior Manager - Actuarial (Wealth MRA )
A colleague in this role will work as established, independent individual contributor, whose work has a direct impact on the team's outcomes. Support pension benefit calculations, client reporting, and process improvements while managing daily operations. They will collaborate closely with US and GSD teams to ensure a consistent and high-quality pension administration experience that meets client needs. This position involves processing transactions, , overseeing plan administration, and managing overall pension cycle of a participant in a dynamic environment that fosters growth in technical and management skills. Additionally, pension plans require regular valuations to assess funding levels. These specialists will assist in analyzing data and preparing summaries, gradually developing their expertise working with the Plan Actuaries.
We will count on you to:
Perform and model pension calculations, including QDRO, Late Retirement, Death and RMDs.
Perform analysis on special retirement scenarios with understanding of retirement windows and cycle
Prepare and review pension participant correspondence for clients.
Assists onshore client teams with day to day complex client scenarios and problem resolution
Supports Valuations process involving val-extract, coordinating with plan actuaries, post val work, need for coding changes in the system etc
Checks and analyzes extract results, including population checks, accrued benefits/cash bal amounts, and project management
Responds to queries and requests from Actuaries which requires actuarial or technical expertise
Escalates data or plan questions related to valuations and benefit calculations to Plan Actuaries
Perform trust payment setups and reconciliation process.
Write basic queries to extract data from databases for reporting and analysis.
Develop and maintain client-level reports, ensuring SLA standards.
Understand and update plan provisions, legal requirements, and regulatory guidelines.
Manage daily operational activities including out-of-scope projects on the operations floor, ensuring smooth workflow.
Lead out of scope/revenue projects for the clients and ensure end to end project management with the client teams
Conduct workflow analysis to identify process inefficiencies and recommend improvements.
Own and analyze rejects/errors data, driving corrective actions to minimize issues.
Monitor and discuss daily/weekly SLAs and provide status updates to all key stakeholders.
Analyze client data files and provide recommendations to client teams for process enhancement
Training teams on client specific plan requirements.
Mentoring junior team members of the team and perform checker work, provide final sign-off
Provide in depth analysis of scenarios and complex work items to client teams on how to resolve discrepancies or issues.
Manage multiple client accounts efficiently, balancing priorities.
Support annual tasks like valuation, AFN mailings and Death audits
What you need to have:
Graduation in any stream
Minimum 7 – 9 years of experience
Minimum 12 months’ experience as Manager/Senior Manager
Must have at least "On Track" or above rating in last appraisal.
Must not be under any Performance Continuity Plan, or had any official Disciplinary action within the last 3 months
Should not have applied for any other IJP within Mercer in the last 3 months.
Background in Statistics/Mathematics and / or US Pension expert with Manual/Actuarial calculations experience Including RMD, Death calcs and valuations cycle
Proficient on DB Domain (Hands-on on calculations, pension payroll, reconciliations)
Strong analytical, planning and organizational skills
Strong Interpretation and decision-making skills
Strong command on MS Excel.
Good command on Power-point.
Strong communication skills, both verbal and written.
Strong independent critical thinking skills and ability to derive strategic solutions.
Self-driven with ability to multi task.
Strong analytical, research, problem solving skills and high attention to details
Flexibility to work in shifts as required.
Note: Onshore interview round applicable
What makes you stand out?
Actuarial working experience Preferred
Exposure to workflow automation tools.
Experience working in a global or multi-client environment.
Basic knowledge on Quality tools like Six Sigma, Kaizen and LEAN (preferred)
Graduation in Commerce/Finance with strong mathematical ability
Entry level actuarial examinations cleared
Why join our team:
We help you be your best through professional development opportunities, interesting work and supportive leaders.
We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.