Marsh McLennan

Defined Contribution Consultant

Marsh McLennan • $88K — $176K *
Boston, MA 02115In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 4+ years of experience in investment advice and consulting for retirement plans
  • Strong understanding of defined contribution landscape including fiduciary topics and plan design trends
  • Ability to develop innovative solutions for client challenges
  • Track record of building intellectual capital for client delivery
  • Strong presentation and communication skills

Responsibilities

  • Lead advisory and consultancy for defined contribution clients with $25M to $500M in assets
  • Develop and maintain long-term client relationships to grow book of business
  • Act as subject matter expert on defined contribution topics for clients
  • Conduct operational, compliance, and strategic reviews of client retirement plans
  • Oversee the RFP/RFI marketing process and present results to clients
  • Ensure timely, accurate client work while adhering to compliance standards
  • Cultivate new business relationships through networking and events

Benefits

  • Health and welfare benefits
  • Tuition assistance
  • 401K savings and retirement programs
  • Employee assistance programs
Full Job Description
Company:
Mercer

Description:

We are seeking a talented individual to join our Defined Contribution (DC) team at Mercer, a Marsh business. This role will be based in our East zone. This is a hybrid role that has a requirement of working at least three days a week in the office.

This position will serve as the lead consultant and advisor to a book of defined contribution clients with plans between $25M and $500M in assets. The DC Consultant will support clients on an ongoing basis with respect to plan investments, plan design and fee benchmarking, recordkeeping vendor management, fiduciary governance practices and employee engagement strategies.

We will count on you to:
  • Present plan review/investment review reports to clients for advisory and OCIO engagements
  • Retain and grow a book of business by developing long-term mutually beneficial relationships with clients and decision makers within your existing client base; and other Mercer lines of business
  • Serve as the subject matter expert on a variety of defined contribution topics, and ensure clients and prospects are aware of the various ways Mercer can support their initiatives including plan design consulting, investment advisory services, and delegated OCIO services
  • Conduct plan document/SPD, operational and compliance reviews as needed; demonstrate strategic plan design knowledge of DC retirement plans
  • Oversee RFP/RFI marketing process, strategy and transition; present RFP/RFI marketing results to client
  • Exhibit solid understanding of the defined contribution landscape, anticipate and uncover client needs and create a scope of services around those needs
  • Ensure timely delivery and accuracy of all client work
  • Ensure consistent compliance and professional standards into all work processes including transparency and peer review for team/projects
  • Cultivate new business through professional networks, events, conferences etc.
  • Participate in sales activity and assist other consultants and sales professionals in developing opportunities and corresponding strategy


What you need to have:
  • 4+ years or more experience including a demonstrated track record of providing investment advice and consulting/strategy for retirement plans
  • A strong understanding of the defined contribution landscape including fiduciary topics, investments, plan design trends, administrative practices, employee engagement and retirement readiness trends, and the broad range of services providers
  • The ability to contribute to the development of new ideas and ways to solve client problems and make the team more efficient at the local and zone level
  • A track record of building intellectual capital for business development and client delivery
  • Strong presentation skills


What will make you stand out:
  • Experience with 401(k) plans, 403(b) plans - Non-Profit Organizations and 457(b) - Government
  • Demonstrated experience in a client management role, business development, ability to handle client inquiries on a day-to-day basis, professional attitude, able to evaluate issues, objections, operational and plan design issues; excellent personal, telephone and communication skills, etc.
  • Experience conducting seminars for clients and presents at conferences, effectively communicating a point of view and thought leadership


The applicable base salary range for this role is $88,000 to $176,000.

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.

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Finance & Insurance
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ
MMC
* Ladders Estimates

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