Defined Contribution (DC) Senior Consultant
National African-American Insurance Association (NAAIA), New York, NY, United States
We are seeking a talented individual to join our Wealth Investment Consulting team at Mercer. This role is based in Toronto and is a hybrid role requiring at least three days a week in the office.
Defined Contribution (DC) Consultant / Senior Consultant You will be an integral member of a dynamic Canada Wealth team delivering a full range of services to institutional clients who sponsor or intend to set up a group retirement savings plan, as well as working in a co‑consulting capacity with other senior DC consultants in the delivery of complex advice to large DC clients.
Responsibilities
Act as primary consultant for a number of mid‑sized to large‑size clients
Provide, or with the support of other subject matter experts, be actively involved in the delivery of advice to a wide range of institutional clients on all DC aspects, including:
Financial wellness
Plan design and benefit adequacy evaluation
Selection of record keepers and ongoing monitoring of overall DC plan operations; review of vendor contracts
Establishment of project plans for DC plan implementations and management of timelines, deliverables and budgets
Design of optimal investment structures, as well as selection and ongoing monitoring of investment managers and funds
Structuring of customized portfolio solutions
Fee competitiveness assessment
Plan governance process development, implementation and ongoing application
Compliance with regulatory requirements and other legal support
Preparation or review of member communication materials as needed to supplement the materials provided by record keepers
Elaboration of reports on special projects
Build strong relationships with and manage all aspects of consulting relationships for assigned DC clients
Contribute to business development, for example through direct client/prospect approach or by responding to requests for proposal for DC services, participating in shortlist presentations and responding to leads from colleagues in other lines of business
Contribute to the expansion and ongoing maintenance of our DC intellectual capital
Requirements
A bachelor’s degree in business, finance, economics, or other business‑related areas with strong quantitative and analytical coursework
5 years of work experience for Consultant or 8 years for Senior Consultant with Defined Contribution plans in the capacity of plan sponsor, consultant or relationship manager with a recordkeeper
Strong interpersonal and communication skills to successfully interact with clients and prospects
Ability to engage in deeper conversations beyond traditional investment topics for meaningful change around financial well‑being and plan governance
Ability and experience with supporting investment manager/structure decisions
Excellent analytical and project management skills
Experience in client relationship management; a passion for delivering the best service to clients
As required by financial markets regulators, group annuity plans advisor designation or enrollment to achieve the certification within your first year will be expected
What makes you stand out?
Comfortable working in an environment where change is certain as the DC market is rapidly changing and evolving
CFA, ASA or FICA certification
Life License or Completion of the Life License Qualification Program
Why join our team
We help you be your best through professional development opportunities, interesting work and supportive leaders.
We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well‑being.
Marsh 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, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual's particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact reasonableaccommodations@mmc.com.
The base salary range for this role is $109,200 to $159,200. Additional performance‑based incentives may be available. A competitive total rewards package which includes health and welfare benefits, tuition assistance, retirement programs and employee assistance programs is also offered.
This is a Replacement position.
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Defined Contribution (DC) Consultant / Senior Consultant You will be an integral member of a dynamic Canada Wealth team delivering a full range of services to institutional clients who sponsor or intend to set up a group retirement savings plan, as well as working in a co‑consulting capacity with other senior DC consultants in the delivery of complex advice to large DC clients.
Responsibilities
Act as primary consultant for a number of mid‑sized to large‑size clients
Provide, or with the support of other subject matter experts, be actively involved in the delivery of advice to a wide range of institutional clients on all DC aspects, including:
Financial wellness
Plan design and benefit adequacy evaluation
Selection of record keepers and ongoing monitoring of overall DC plan operations; review of vendor contracts
Establishment of project plans for DC plan implementations and management of timelines, deliverables and budgets
Design of optimal investment structures, as well as selection and ongoing monitoring of investment managers and funds
Structuring of customized portfolio solutions
Fee competitiveness assessment
Plan governance process development, implementation and ongoing application
Compliance with regulatory requirements and other legal support
Preparation or review of member communication materials as needed to supplement the materials provided by record keepers
Elaboration of reports on special projects
Build strong relationships with and manage all aspects of consulting relationships for assigned DC clients
Contribute to business development, for example through direct client/prospect approach or by responding to requests for proposal for DC services, participating in shortlist presentations and responding to leads from colleagues in other lines of business
Contribute to the expansion and ongoing maintenance of our DC intellectual capital
Requirements
A bachelor’s degree in business, finance, economics, or other business‑related areas with strong quantitative and analytical coursework
5 years of work experience for Consultant or 8 years for Senior Consultant with Defined Contribution plans in the capacity of plan sponsor, consultant or relationship manager with a recordkeeper
Strong interpersonal and communication skills to successfully interact with clients and prospects
Ability to engage in deeper conversations beyond traditional investment topics for meaningful change around financial well‑being and plan governance
Ability and experience with supporting investment manager/structure decisions
Excellent analytical and project management skills
Experience in client relationship management; a passion for delivering the best service to clients
As required by financial markets regulators, group annuity plans advisor designation or enrollment to achieve the certification within your first year will be expected
What makes you stand out?
Comfortable working in an environment where change is certain as the DC market is rapidly changing and evolving
CFA, ASA or FICA certification
Life License or Completion of the Life License Qualification Program
Why join our team
We help you be your best through professional development opportunities, interesting work and supportive leaders.
We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well‑being.
Marsh 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, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual's particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact reasonableaccommodations@mmc.com.
The base salary range for this role is $109,200 to $159,200. Additional performance‑based incentives may be available. A competitive total rewards package which includes health and welfare benefits, tuition assistance, retirement programs and employee assistance programs is also offered.
This is a Replacement position.
#J-18808-Ljbffr