Mercer Actuarial Analyst Jobs in Kentucky

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3.1
769 Reviews
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Mercer President & CEO Julio A. Portalatin
Julio A. Portalatin
227 Ratings
  • Needs Structural and Managerial Improvement!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
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    Former Employee - Actuarial Analyst in Louisville, KY
    Former Employee - Actuarial Analyst in Louisville, KY

    I worked at Mercer full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    The main pro for a younger person, Mercer hires mainly recent college graduates for the Louisville RSC. The atmosphere is younger and the employees are outgoing both inside and outside of the office. The RSC also deals with very technical work that will provide good experience for someone at the beginning of their career.

    Cons

    The work/life balance at Mercer is terrible. High turnover rates cause for lack of resources for the amount of work being done causing analyst to work consecutive 50-60 hour work weeks. There was not a lot of room for growth within the RSC and there wasn’t flexibility in re-assigning employees to different lines of business. In my 3 year stint as an analyst, roughly 30 new hires were brought on board and over 60 employees sought other employment. Even though there is high turnover Mercer has yet to address compensation issues, the workload of their employees, or proper career paths to develop employees.

    Advice to Management

    My advice to management would be to focus more on the work/life balance of employees and less than bottom line numbers. They need reduce the high turnover rate by properly compensating employees (local companies are hiring actuarial analyst with the similar experience starting out earning 10%-20% more) and develop more career oriented goals for employees that include the possibility of exploring other lines of business. A competitive compensation and a chance of growth for the employee will decrease turnover and decrease the amount of work that is put on employees.

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