Annuity Placement Associate

2 months ago

Philadelphia, Pennsylvania, United States Mercer Full time

Do you have experience working with US pension plans to set cutting edge risk management strategies? Do you thrive on analytic challenges and innovative thinking? If so, bring your expertise to Mercer where you will be working to create new answers to the biggest issues facing companies today.

Mercer is seeking candidates for the following position based in most major cities:

Annuity Placement Associate

What can you expect?

  • The Annuity Placement Associate will be instrumental in supporting Mercer's efforts in the pension risk transfer market
  • Project manage annuity placements from the initial bidding and price discovery process through execution and post deal transition of pension liabilities
  • Liaise with the insurance marketplace of providers offering group annuity products to ensure that the required deliverables are received
  • Analyze pricing to provide unique solutions and support strategy for annuity buyouts.
  • Create presentations, coordinate meetings, respond to questions from insurers, liaise with actuarial and administration team to gather plan and participant data, lead work streams and ensure the process is executed in a timely manner.
  • Facilitate the preparation of insurance market due diligence material to support our consulting process around the Department of Labor guidelines for annuity buyout transactions in compliance with interpretive bulletin 95-1

What is in it for you?

  • A growing business in a company with a strong brand, with experience developing solutions for a diverse set of clients
  • The opportunity to partner with an experienced team to provide investment solutions to Mercer's clients
  • A culture of internal mobility, diversity, inclusion, and collaboration
  • Competitive pay and a full benefits package, starting Day 1 (Medical, Dental, Vision, Short- and Long-Term Disability and Life Insurance, Employee Stock Purchase program, and a generous paid time-off allowance); plus a fixed company contribution AND a company match on your 401k

We will count on you to:

  • Consult on 5-7 clients at a given time; performing modeling, analyzing data, and preparing presentations on pension risk transfer and journey planning projects
  • Work with spreadsheets and various modeling tools to produce detailed numerical analysis of the client's risk profile and the impact of risk on key financial metrics
  • As needed, provide ad hoc support on new business pursuits and proposals, developing business cases and market overviews for clients and prospects
  • Understand strategy leading up to the annuity placement project, assisting colleagues to identify areas of constraints, solving problems and doing analysis to help support client deliverables
  • Ensure all professionalism / compliance standards and processes are understood and followed
  • Scope projects, develop budgets, and follow project plans and perform such project management and recordkeeping as needed to ensure projects are delivered on time and on budget

What you need to have:

  • Minimum Bachelors degree in mathematics, economics, finance or other business-related areas with strong quantitative and analytical course content or direct relevant experience
  • Minimum 2-3 years of pension experience within an insurance company, financial strategy, investment, and/or actuarial consulting environment
  • Familiarity with investment principles and actuarial calculations
  • Willingness to obtain Life, Accident & Health Insurance licensing (if applicable)

What makes you stand out?

  • Active pursuit of Actuarial and/or CFA designations a plus
  • Previous experience in the insurance or group annuity market is a plus

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 20,000 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 more than 85,000 colleagues and annual revenue of over $23 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 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

The applicable base salary range for this role is $64,800 to $129,600.

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.

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