Pension Risk Management and Settlement Strategy Consultant

WTW•Clayton, MO

6d•$125,000 - $175,000

About The Position

The Retirement Risk Management team combines defined benefit plan management and investment consulting expertise to help pension plan sponsors identify and evaluate ways to manage pension-related costs and risks. The team explores funding, pension risk transfer, and investment approaches and develops solutions suited to clients’ goals and constraints. In this role, you will support projects involving pension risk transfer, funding strategy, settlement, and financial management. You will advise on settlement strategies—including lump sums, annuity purchases, and plan termination feasibility—and explain how capital markets affect pension plan financials. You will contribute to client and internal presentations, lead multi-phase projects, manage project finances and teams, and build trusted relationships with clients and colleagues. The role also supports new business development, project scoping and budgeting, technical review of work products, development of tools and approaches, and mentoring junior associates. Visa employment-based non-immigrant visa sponsorship or assistance is not offered for this opportunity.

Requirements

At least 3 years of experience and success managing defined benefit plans, ideally in a consulting environment.
An undergraduate degree.
ASA and/or EA credentials.
Experience and expertise delivering retirement consulting services to a broad range of organizations.
Proven ability to manage multiple projects and deliver quality work on time and within budget.
Demonstrated success or strong evidence of ability to contribute to new business generation.
Strong client relationship, interpersonal, and team skills.
Excellent oral and written communication skills.

Nice To Haves

Experience in pension risk transfer assessment or placement.
An advanced degree.
FSA, CERA, and/or CFA credentials.

Responsibilities

Provide consulting expertise on settlement strategy, including lump sums, annuity purchases, and plan termination feasibility, as well as other settlement and financial management projects.
Understand capital market conditions and outlook and their impact on 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, including project planning, management of client financials, and delegation to multiple associates.
Develop trusted relationships with client contacts, lead retirement consultants, and Retirement Risk Management consultants through effective communication and quality project execution.
Support new business generation by promoting client engagement with WTW for pension risk transfer transactions.
Develop statements of work, project plans, and budgets for a 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.
Mentor junior project team associates.

Benefits

Annual short-term incentive bonus.
Medical insurance, including prescription coverage.
Dental insurance.
Vision insurance.
Health Savings Account.
Commuter Account.
Health Care and Dependent Care Flexible Spending Accounts.
Group Accident and Group Critical Illness coverage.
Life insurance and AD&D coverage.
Group Legal and Identity Theft Protection.
Wellbeing Program and Work/Life Resources, including Employee Assistance Program.
Paid holidays and annual paid time off, including paid state/local leave where required.
Short-Term Disability and Long-Term Disability.
Other leaves, including bereavement, FMLA, ADA, jury duty, military, parental, and adoption leave.
Contributory Pension Plan and 401(k) Savings Plan.
Certain senior-level roles may be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.