Marsh McLennan

Pension Administration - Senior Specialist

Marsh McLennan • $74K — $148K *
Louisville, KY 40214In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred
  • 5-7 years in defined benefit administration
  • Project management and client relationship experience
  • Strong proficiency in MS Excel and Word
  • Excellent problem-solving and analytical skills
  • Exceptional oral and written communication abilities

Responsibilities

  • Lead special pension administration projects
  • Act as primary contact for clients and administration teams
  • Manage tasks to keep projects on budget and meet client agreement terms
  • Communicate effectively across various teams and project stakeholders
  • Oversee and review data for project integrity and accuracy
  • Calculate and review pension benefits including QDROs and late retirement increases
  • Stay informed on government regulations and IRS Code

Benefits

  • Work for a global company with excellent benefits
  • Opportunity for growth and advancement
  • Collaborative and supportive team environment
  • Strong emphasis on work-life balance
  • Employee assistance programs
Full Job Description
Pension Administration Senior Specialist

What can you expect?
  • Be a leading member of the Calculations and Special Projects team and have an influence on the success and growth of Business and Client Services.
  • The Senior Specialist is responsible for leading special pension administration projects, including serving as the data manager for plan termination projects. The Senior Specialist will also assist with completion of pension calculations and the review of plan documents and calculation tools related to special projects.

What is in it for you?
  • Work for a global company with excellent benefits and a dynamic culture
  • Excellent growth/advancement opportunity
  • Work with collaborative, intelligent, solutions-focused colleagues who truly care about the work, and each other, while maintaining work-life balance

We will count on you to:
  • Maintain a high level of professionalism and sense of urgency to ensure client expectations are consistently met while acting as a primary contact with clients and Marsh consultants
  • As Project Manager, lead pension calculation, data, and risk transfer projects and act as point of contact to clients, administration and processing teams
  • Manage special project tasks to ensure project tracks to budget, that project is completed per the terms of the client agreement and that any out-of-scope work is identified
  • Lead and attend team and project calls. Communicate across various teams (internal /external).
  • As a data manager, oversee, monitor and review all aspects of the data project to include:
    • Identify critical data elements for clean up and plan termination projects.
    • Develop data request for all phases of plan terminations based on plan provisions.
    • Draft database specifications detailing project needs including mapping for data imports/extracts
    • Analyze findings and impact of missing data
    • Track and update data corrections received at various times from various sources.
    • Understand downstream impact of data updates and missing elements and communicate to interested parties
    • Reconcile population at key points throughout the project
  • Calculate and review qualified and non-qualified benefits, including but not limited to QDROs, 409A, employee contributions, late retirement increases and RMDs.
  • Keep updated on current government regulations/IRS Code
  • Develop and maintain access-based or excel-based calculation checkers for ongoing and special project clients


What you need to have:
  • Bachelor's degree preferred
  • 5-7 years of experience in defined benefit administration
  • Prior experience with project management and client relationship management
  • Strong proficiency with MS Excel and Word (proficiency in MS Access desired)
  • Excellent problem solving and analytical skills; proven ability to identify, research, follow up and resolve issues or problems encountered through project work
  • Excellent oral and written communication skills


What makes you stand out:
  • Strong communication skills, both verbal and written
  • Strong analytical, research, problem solving skills and attention to details
  • Strong project management skills with the ability to work on multiple projects simultaneously and prioritize time effectively
  • Ability to handle difficult client situations and derive strategic solutions


Accepting applications through October 23

The applicable base salary range for this role is $74,000 to $148,000.

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.

Applications will be accepted until:

November 6, 2026

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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