Pension Strategy Consultant

Marsh McLennan•Seattle, WA

15h•Hybrid

About The Position

Marsh is seeking a Pension Strategy Consultant to join its Pension Strategy & Solutions team within the Investments and Retirement business. The role advises pension plan clients on investment strategy, asset-liability risk management, pension risk management, and journey planning, including liability-driven investments and pension risk transfer. The consultant develops and delivers high-quality advice while using Marsh’s intellectual capital, and contributes to business strategy, talent development, revenue growth, and client development across business lines and geographies. The position is hybrid, with at least three days per week in a local office or onsite with clients. The location is flexible, ideally at a West region office in Denver, Irvine, Los Angeles, Phoenix, Portland, San Francisco, or Seattle.

Requirements

10+ years of experience in pension and/or investment strategy, with significant expertise in each.
Strong presentation, project management, and communication skills.
High proficiency in Microsoft Excel and PowerPoint.
Knowledge of data analysis, project management, and presentation design.
High-level attention to detail and an understanding of how it applies to the bigger picture.
Ability to acclimate quickly to asset-liability risk management and business concepts and apply critical thinking to project issues.

Nice To Haves

CFA designation and/or actuarial credentials.

Responsibilities

Advise on strategic asset allocation and dynamic glide path design for pension plans.
Apply knowledge of asset classes, risk and return tradeoffs, plan design, liability features, and plan sponsor constraints to develop investment strategies.
Partner with investment consultants and portfolio managers to present asset-liability studies, glide path reviews, and portfolio structure reviews.
Model pension liabilities and fixed income portfolios using internal and external risk models to assess risk exposures, including plan-specific liability duration profiles and credit spread risk.
Understand pension plan liabilities, design features, and risk drivers that influence hedge portfolio development.
Lead clients and provide advice on pension investment strategy and risk management or reduction, incorporating Marsh’s intellectual capital.
Serve as a subject matter expert in pension risk management and journey planning, including liability-driven investments and pension risk transfer.
Define and implement long-term business strategy, direction, and focus, engaging staff to deliver business results.
Identify and implement necessary business changes, overcoming resistance and sustaining the resulting benefits.
Attract, engage, and advance talent while championing a culture people want to join and commit to.
Contribute strongly to aggressive revenue growth targets.
Develop business with new and existing clients across business lines and geographies, collaborating to leverage resources and expertise.
Ensure professionalism and compliance processes are understood and followed.