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Type of Role: Investments

Experience Level: Analyst/Associate

Location: New York City, New York

Salary: $65K - $130K

Mercer’s Outsourced Chief Investment Officer (OCIO) and investment solutions help companies focus resources on what matters most — their people and business strategy — and less on managing their retirement plans. Our OCIO and Investment Solutions professionals assist in setting investment strategies that leverage our investment capabilities across our global enterprise — and by fusing economics with empathy. Details below.

Mercer’s Wealth Pension Strategy and Solutions Group is seeking candidates for the following position located in the New York, Boston, or Philadelphia office:

Investment Strategy Associate

What can you expect?

  • The Investment Strategy Associate will be part of the Pension Strategy and Solutions Group within Mercer’s Wealth Business, focusing on Mercer’s Outsourced Chief Investment Officer (OCIO) clients.
  • The team develops asset allocation strategy, portfolio structure, and risk transfer ideas for clients, with a focus on corporate retirement plans (defined benefit and defined contribution plans).

What’s in it for you?

  • A company with a strong brand, with experience developing solutions for today’s and tomorrow’s toughest challenges
  • The opportunity to partner with an experienced team to provide investment strategy and consulting to Mercer’s clients
  • A culture of internal mobility, diversity, inclusion, and collaboration
  • A company-wide emphasis on Corporate Social Responsibility – all colleagues receive 8 hours of paid time off for volunteering, with the option to join organized group activities
  • 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 401k with a fixed company contribution AND a company match

We will count on you to:

  • Support lead investment strategists on strategic asset allocation studies
  • Provide analytical support on glide path design, asset allocation and liability hedge portfolio construction
  • Support the on-boarding process for new clients
  • Help maintain daily monitoring valuation model for clients, and provide ongoing updates for clients
  • Coordinate with operations and trading team on daily processes for funded status review and trading
  • Perform plan demographic analysis of defined contribution plans
  • Develop efficient portfolios and model custom target date fund designs for defined contribution plans
  • Perform stochastic analysis for development of custom target date funds
  • Help monitor investment de-risking trigger points for glide path clients
  • Work closely with client service teams to prepare quarterly reporting materials, including funded status performance and attribution analysis
  • Perform liability and asset risk analysis utilizing risk modeling tools

What you need to have:

  • BA/BS degree in actuarial science, mathematics, economics, or other business-related areas having strong quantitative and analytical analysis.
  • 3+ years of relevant experience in a pension-related actuarial or investment role
  • The ideal candidate will have strong analytical skills, with actuarial and pension liability background, and will be able to apply processes and procedures to support the strategy setting process and client on-boarding process
  • Must have the ability to work autonomously and to co-ordinate across multiple parts of the business
  • Strong quantitative skills, project management and communication skills
  • The candidate will be able to develop an understanding of pension risk management and liability hedge portfolio construction techniques and methodologies
  • High proficiency in Microsoft Excel and PowerPoint
  • Self-motivated, with an ability to work well in a highly collaborative team environment
  • Ability to multitask, manage multiple priorities and work in a rapidly changing and dynamic environment
  • High-level attention to detail and an understanding of its application to the bigger picture
  • Ability to acclimate quickly to understand asset-liability risk management and business concepts and apply critical thinking to the issues which will arise during projects

What makes you stand out:

  • Desire to progress on actuarial or CFA (Chartered Financial Analyst) / CAA ( Chartered Asset Allocator) exams, and be prepared to take and pass actuarial or CFA / CAA exams

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 approximately 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 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 mercer.com.

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 TANA@mmc.com

 

 

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.