Portfolio Implementation Associate
About The Position
We are seeking a talented individual to join our Wealth Business at Mercer. This role will be based in Boston and offers a hybrid work arrangement, requiring a minimum of three days per week in the office. As a Portfolio Implementation Associate, you will take direct responsibility for discretionary client and investment product implementations, collaborating closely with investment consulting, operations, and portfolio management teams. You'll manage key activities such as account setup, trade instructions, in-kind transactions, and operational risk reviews, ensuring smooth and efficient execution. Providing comprehensive operational support for new client accounts and assisting with ad hoc client requests, you'll play a vital role in delivering exceptional service and facilitating seamless communication across teams. This is an exciting opportunity to contribute to impactful investment processes in a dynamic environment!
Requirements
- Bachelor degree in accounting, finance, business or related field of study
- 1-6 years of experience in Portfolio Operations, Fund Accounting and/or Custodial oversight, with progressive increase in responsibilities
- Strong analytical and organizational skills, and ability to multi-task
- Clear and effective communication (both verbal and written) while engaging directly with clients
- Proficiency in Microsoft Office, especially Microsoft Excel
- General experience with client relationship management systems, databases, and trading systems (Charles River) is advantageous
Nice To Haves
- Prior investment experience with Defined Contribution Plans, Pensions & Not-For-Profit organizations
- Demonstrated ability to work in a fast paced environment where adherence to procedures and controls is critical
- Basic understanding of investment management concepts, markets, and operational mechanics of institutional portfolios and investment vehicles
- Positive attitude & proven ability to work well in a team oriented environment, while maintaining ownership over individual responsibilities
Responsibilities
- Assist with the development and maintenance of detailed project plans for each asset transition
- Assisting with the legal review process between the client and internal Mercer Legal to ensure that agreements are negotiated timely
- Work with operational stakeholders to ensure that all client setup requirements are considered and executed timely
- Work with the Mercer client team to ensure that clients' legacy investments are transitioned efficiently and accurately from the existing structure to the new investment line-up
- Ensure that all new client onboarding compliance requirements are met
- Assist with implementation of trading requirements / improvements with Daily Operations team
- Assist with all aspects of trading related to new client onboarding events
- Communicate and document agreed upon asset allocation and trade results
- Be risk-aware and contribute to culture of continuous improvement
Benefits
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients, and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
- health and welfare benefits
- tuition assistance
- 401K savings and other retirement programs
- employee assistance programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Insurance Carriers and Related Activities
