Pension Strategy Consultant

Marsh McLennan•Los Angeles, CA

2d•$162,000 - $324,000•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 allocation, glide paths, liability-driven investing, and pension risk management. The position may be based in a West region office, ideally Denver, Irvine, Los Angeles, Phoenix, Portland, San Francisco, or Seattle. It is hybrid, with at least three days per week in a local office or onsite with clients. The consultant works with investment consultants and portfolio managers to develop and present asset-liability studies, glide path reviews, and portfolio structure reviews. The role also models pension liabilities and fixed-income portfolios, assesses plan-specific risk exposures, and applies Marsh’s intellectual capital to client advice. In addition to client work, the position includes business leadership: setting long-term direction, developing talent, driving change, contributing to revenue growth, developing client relationships, and ensuring professional and compliance processes are followed. The applicable base salary range is $162,000 to $324,000. The position may also be eligible for performance-based incentives. Marsh offers health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, employee assistance programs, and professional development opportunities.

Requirements

At least 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 the ability to understand how detail applies to the bigger picture.
Ability to quickly understand 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.
Assess asset classes, risk-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 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 high-quality 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, and sustain their benefits despite resistance or barriers.
Attract, engage, and advance talent while championing a culture that people want to join and commit to.
Contribute 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.