Pension Risk Management and Settlement Strategy Consultant

WTW • Saint Louis, MO

14d • $125,000 - $175,000

About The Position

Do you want to be part of a market leading, strategic team focused on innovation and excellence? Our Retirement Risk Management team combines expertise in DB plan management and investment consulting to support pension plan sponsors in identifying and evaluating opportunities to manage pension-related costs and associated risks. We support our clients by exploring funding, pension risk transfer and investment approaches, developing solutions that best fit their specific goals and constraints. Our innovative thinking consistently generates new consulting opportunities. The Role In this exciting role, you will have the opportunity to support diverse projects related to pension risk transfer, funding strategy, and other special projects requiring settlement and financial management expertise. You will also: 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 Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Requirements

• 3+ years of experience and success in the management of defined benefit plans, ideally gained in a consulting environment
• An undergraduate degree is required
• 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

• Experience in pension risk transfer assessment or placement preferred
• Advanced degree preferred
• ASA and/or EA; FSA, CERA & CFA credentials are encouraged
• Experience and expertise delivering retirement consulting services to a broad range of organizations

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

• Health and Welfare 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 and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: 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), Paid Time Off
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees