Pension Risk Management and Settlement Strategy Consultant
About The Position
This role is within the Retirement Risk Management team, which combines expertise in DB plan management and investment consulting. The team supports pension plan sponsors in identifying and evaluating opportunities to manage pension-related costs and associated risks. They assist clients by exploring funding, pension risk transfer, and investment approaches, developing solutions tailored to specific goals and constraints. The team's innovative thinking consistently generates new consulting opportunities. In this role, you will support diverse projects related to pension risk transfer, funding strategy, and other special projects requiring settlement and financial management expertise.
Requirements
- 3+ years of experience and success in the management of defined benefit plans, ideally gained in a consulting environment
- Experience in pension risk transfer assessment or placement preferred
- An undergraduate degree is required
- Experience and expertise delivering retirement consulting services to a broad range of organizations
- Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget
- Demonstrated success or strong evidence to support the ability to contribute to new business generation
- Strong client relationship, interpersonal and team skills
- Excellent oral and written communication skills
Nice To Haves
- Advanced degree preferred
- ASA and/or EA; FSA, CERA & CFA credentials are encouraged
Responsibilities
- Provide value-added consulting expertise on settlement strategy (including lump sum, annuity purchase, and plan termination feasibility) and other special projects involving settlement and financial management expertise
- Understand capital market environment and outlook, and how they impact pension plan financials
- Serve as a resource on recent pension risk transfer market developments
- Support presentations of complex consulting information to senior-level internal and client audiences, including studies involving investment consulting and multi-year funding strategy
- Lead multi-phase projects, driving project planning, management of client financials and delegation to multiple associates
- Develop a trusted advisor relationship with client contacts, lead retirement consultants and Retirement Risk Management consultants through effective communication and efficient, quality execution of projects
- Support the generation of new business by promoting client engagement with WTW as a partner for pension risk transfer transactions
- Develop statements of work, project plans and budgets for broad range of studies
- Perform technical review of work products, including consulting-level insights on settlement financial analysis
- Contribute to the development of new tools and approaches
- Serve as mentor to junior project team associates
Benefits
- Medical (including prescription coverage)
- Dental
- Vision
- Health Savings Account
- Commuter Account
- Health Care and Dependent Care Flexible Spending Accounts
- Group Accident
- Group Critical Illness
- Life Insurance
- AD&D
- Group Legal
- Identify Theft Protection
- Wellbeing Program
- Work/Life Resources (including Employee Assistance Program)
- Paid Holidays
- Annual Paid Time Off (includes paid state/local paid leave where required)
- Short-Term Disability
- Long-Term Disability
- Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)
- Contributory Pension Plan
- Savings Plan (401k)
- Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
