We are seeking a talented individual to join our Pension Strategy and Solutions team at Mercer. This role will be based in New York, Boston, Philadelphia and other locations where Mercer is present. This is a hybrid role that has a requirement of working at least three days a week in the office.
What can you expect?
The Pension Strategy and Solutions Associate will be part of the Pension Strategy and Solutions Group within Mercer’s Wealth Business
The team develops asset allocation strategy, portfolio structure, risk transfer strategy, and journey planning for clients, with a focus on single-employer defined benefit plans.
We will count on you to:
Provide analytical support to lead investment strategists on strategic asset allocation studies, glide path design and liability hedge portfolio construction
Consultant on 7-10 clients at a given time; performing modeling, running reports, preparing decks, working with other members of the Pension Strategy & Solutions Group on buyout and journey planning projects for investment and/or actuarial clients
Work with spreadsheets and various modelling tools to produce detailed numerical analysis of the client’s risk profile and the impact of risk on key financial metrics
Able to adapt technical modelling tools for specific client situations and deal with technical queries on the modelling methods and tools used; perform research and integrate findings into modelling
Help monitor investment de-risking trigger points for glide path clients
Work closely with client service teams to prepare quarterly reporting materials, including funded status performance and attribution analysis
Perform liability and asset risk analysis utilizing risk modeling tools
What you need to have:
BA/BS degree in actuarial science, mathematics, economics, or other business-related areas having strong quantitative and analytical analysis.
3+ years of relevant experience in a pension-related actuarial or investment role
The ideal candidate will have strong analytical skills, with actuarial and pension liability background, and will be able to apply processes and procedures to support the strategy setting process and client on-boarding process. Must have the ability to work autonomously and to co-ordinate across multiple parts of the business
Strong quantitative skills, project management and communication skills
The candidate will be able to develop an understanding of pension risk management and liability hedge portfolio construction techniques and methodologies
High proficiency in Microsoft Excel and PowerPoint
Ability to multitask, manage multiple priorities and work in a rapidly changing and dynamic environment. High-level attention to detail and an understanding of its application to the bigger picture. Ability to acclimate quickly to understand asset-liability risk management and business concepts and apply critical thinking to the issues which will arise during projects.
What makes you stand out:
Desire to progress on actuarial and/or CFA exams, and be prepared to take and pass actuarial or CFA exams
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.
Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
The applicable base salary range for this role is $67,000 to $134,000.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.