Marsh McLennan

Market Data Analyst

Marsh McLennan • $75K — $151K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Business, Finance, or related field preferred.
  • At least 5 years of experience in budget, forecast, and invoice management, ideally in market data or financial services.
  • Exceptional oral and written communication with strong attention to detail.
  • Advanced Excel proficiency, including complex formulas and dashboard creation.
  • Familiarity with data visualization tools and dashboard reporting.
  • Solid understanding of accounting principles and strong financial acumen.
  • Knowledge of market data utilization by investment professionals.

Responsibilities

  • Support the construction and ongoing monitoring of the Market Data budget.
  • Review and validate invoices for accuracy against contracts and budget targets.
  • Lead the month-end close process and provide detailed budget reports to senior management.
  • Maintain dashboard reports for the executive leadership team.
  • Collaborate with business units to define market data requirements and negotiate vendor terms.
  • Manage creation and tracking of purchase orders for Market Data Services.

Benefits

  • Health and welfare benefits.
  • Tuition assistance.
  • 401K savings and retirement programs.
  • Employee assistance programs.
Full Job Description
We are seeking a talented individual to join our Investments and Retirement team, part of our People and Investments business at Marsh. This role will be based in Boston. This is a hybrid role that has a requirement of working at least three days a week in the office. The Market Data Analyst will be part of the Market Data Services team that manages market data vendor services, ensuring investment professionals have seamless access to essential market data and research tools. The Market Data Analyst will play a critical role in overseeing budget, forecast, and invoice management processes to optimize costs and maximize value. This position requires strong financial analysis skills and the ability to build and maintain effective relationships with vendors and internal stakeholders. We will count on you to: 3 Support the construction of the Market Data budget, continuously monitoring expenses and updating forecasts throughout the fiscal year to ensure alignment with financial goals. 3 Review and validate invoices against contractual terms and budget targets; update pricing and contract details in the Optimize Spend system as needed. 3 Lead the month-end close process by providing accurate accrual data to Finance and delivering comprehensive monthly and quarterly budget and forecast reports to senior management. 3 Maintain dashboard reporting for executive leadership team 3 Collaborate closely with business units to gather and define market data requirements; communicate these to vendors and negotiate terms that minimize financial impact while ensuring service quality. 3 Manage purchase order creation and tracking for the Market Data Services team. What you need to have: 3 Bachelor's degree in Accounting, Business, Finance, or a related field preferred. 3 At least 5 years of relevant experience in budget, forecast, and invoice management, preferably within market data or financial services environments. 3 Exceptional oral and written communication skills with strong attention to detail. 3 Advanced proficiency in Excel, including use of complex formulas, data validation, conditional formatting, pivot tables, dashboards, VBA/macros, and Power Query. 3 Experience with data visualization tools and dashboard reporting 3 Solid understanding of accounting principles and strong financial and mathematical acumen. 3 Knowledge of market data usage by investment professionals. 3 Experience with TRG Screen Optimize Spend or similar vendor management systems is highly desirable. What makes you stand out? 3 Experience with TRG Screen Optimize Spend or similar vendor management systems is highly desirable. The applicable base salary range for this role is $75,500 to $151,000. 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
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

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