Market Data Analyst

Marsh McLennan•Boston, MA

2d•$75,500 - $151,000•Hybrid

About The Position

Marsh is seeking a Market Data Analyst to join the Investments & Retirement team within its People & Investments business. The role is part of the Market Data Services team, which manages market data vendor services and helps ensure investment professionals have access to market data and research tools. The analyst will oversee budget, forecast, and invoice management processes to optimize costs and value while maintaining effective relationships with vendors and internal stakeholders. The position is based in Boston under a hybrid arrangement, with at least three days per week in the office. The applicable base salary range is $75,500 to $151,000. The role may also be eligible for performance-based incentives. Marsh describes its total rewards package as including health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, and employee assistance programs.

Requirements

At least 2 years of relevant experience in budget, forecast, and invoice management.
Exceptional oral and written communication skills and strong attention to detail.
Advanced Excel proficiency, including complex formulas, data validation, conditional formatting, pivot tables, dashboards, VBA/macros, and Power Query.
Experience with data visualization tools and dashboard reporting.
Solid understanding of accounting principles and strong financial and mathematical acumen.
Bachelor’s degree in Accounting, Business, Finance, or a related field is preferred.

Nice To Haves

Relevant experience in market data or financial services environments.
Knowledge of market data usage by investment professionals.
Experience with TRG Screen Optimize Spend or similar vendor management systems.

Responsibilities

Support the construction of the Market Data budget, monitor expenses, and update forecasts throughout the fiscal year.
Review and validate invoices against contractual terms and budget targets, and update pricing and contract details in the Optimize Spend system as needed.
Lead the month-end close process by providing accurate accrual data to Finance.
Deliver monthly and quarterly budget and forecast reports to senior management.
Maintain dashboard reporting for the executive leadership team.
Work with business units to gather and define market data requirements, communicate those requirements to vendors, and negotiate terms that minimize financial impact while maintaining service quality.
Manage purchase order creation and tracking for the Market Data Services team.