Defined Contribution Retirement Consulting Analyst

1 month ago


Chicago, Illinois, United States Marsh McLennan Full time

In the US market, we are a leading provider of investment consulting, plan design and record keeper benchmarking services as well as a leader in the provision of delegated (OCIO) services. Mercer has over $2.5trn in DC assets under advice and over $60bn in multi-manager DC assets under management globally. We are seeking to aggressively expand these institutional services across market segments.

Mercer's Wealth business is looking for the following position based in our Central market:

Defined Contribution Retirement Consulting Analyst

What can you expect?

  • As a Defined Contribution Retirement Consulting Analyst, you will support other Wealth colleagues and client managers who are working with clients that sponsor large defined contribution plans by designing customized solutions to meet their strategic needs
  • You will assist Senior Consultants with day-to-day client contact and problem resolution
  • You will work on client projects that focus on delivering non-investment related services, including plan administration assistance, design projects, vendor searches, operational reviews, fee benchmarking, merger and acquisition consulting, etc.

What's in it for you?

  • A company with a strong brand, with experience developing solutions for today's and tomorrow's toughest challenges
  • Successful candidates will partner with an experienced team to provide strategic consulting to corporate and not-for-profit organizations
  • A culture of internal mobility, diversity, inclusion, and collaboration
  • We are excited to offer the following benefits to all of our colleagues: Health and welfare benefits, Tuition assistance, 401K and other retirement savings programs, Employee assistance programs – physical, mental and financial

We will count on you to:

  • Perform and model calculations and/or projections in order to meet project specifications
  • Perform necessary calculations or analysis on special retirement projects, record keeping fee benchmark and RFP analysis, analyzing their impact on a client's retirement plans, including assumption studies, plan design studies, plan terminations, early retirement window studies, post-retiree medical and acquisition studies
  • Keep projects on track and progressing toward completion

What you need to have:

  • Bachelor's degree
  • Minimum 2 years' work experience
  • Excellent time management, spreadsheet and communication skills

What makes you stand out:

  • Ability to manage multiple projects simultaneously
  • Retirement plan experience a plus
  • Familiarity with retirement plan operations: record keeping fee analysis, non-discrimination testing, compliance, plan administration and governance
  • Excellent analytical, writing, and presentation skills

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer's more than 25,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, with 83,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on Twitter @Mercer.

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.



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