Senior Investment Consultant

Marsh McLennan•Boston, MA

1d•$162,000 - $324,000•Hybrid

About The Position

Marsh is seeking a Senior Investment Consultant to join its Investments & Retirement team. The role may be based in Boston, New York, or Norwalk and follows a hybrid work arrangement, with at least three days per week in a local office or onsite with clients. The consultant advises institutional defined benefit and defined contribution clients on investment objectives, policy, asset allocation, manager selection, and ongoing monitoring to optimize risk and return and meet fiduciary obligations. The role includes presenting capital markets and performance updates, developing portfolio recommendations for large and jumbo clients, analyzing participant demographics and investment menu structures, and managing project plans, timelines, and budgets. The consultant also supports business development by expanding existing relationships and cultivating new clients. The position involves coordinating with specialist and internal teams, reviewing client reports, directing project-team work, and coaching junior colleagues. The consultant gathers market, manager research, and performance information; works with third-party managers, custodians, and due diligence teams; evaluates portfolio performance and investment options; and prepares written quarterly materials in PowerPoint. The role is expected to use AI and technology-enabled tools. The applicable base salary range is $162,000 to $324,000, and the position may be eligible for performance-based incentives.

Requirements

Bachelor’s degree required.
At least 10 years of related institutional or corporate investment industry experience.
Deep understanding of investments and retirement plans, including 401(k), defined contribution, and pension plans.
Experience with total portfolio management.
Experience responding to and presenting requests for proposal (RFPs).
Experience creating and delivering presentations.
Strong demonstrated interest in client-facing work and communicating technical information concisely to clients.

Nice To Haves

CFA, CIMA, or CAIA designation, or an MBA.
Experience prospecting for new business.
Strong demonstrated interest in capital markets and portfolio construction (rather than security selection), including calculating and interpreting standard risk/return metrics.

Responsibilities

Determine clients’ requirements and brief the team, providing direction and guidance to meet deadlines and service standards.
Maintain and expand client relationships.
Involve specialist teams in providing advice when appropriate.
Peer review reports, add client-specific information, and ensure client suitability.
Direct project-team employees’ work and coach or mentor junior colleagues.
Market and expand the investment consulting business and Marsh’s broader services as appropriate.
Gather capital markets, manager research, and performance reporting data from teams within Marsh Investments & Retirement.
Interact with third-party investment managers and custodians as needed to obtain relevant information.
Evaluate and synthesize drivers of client portfolio performance in light of capital markets, third-party managers’ investment styles, and total portfolio characteristics.
Produce written quarterly materials in PowerPoint, including content and formatting.
Understand client and prospect investment objectives and constraints.
Work with the third-party manager due diligence team to evaluate and select investments that fulfill asset allocation needs.
Monitor third-party managers’ performance and business developments in client portfolios and notify clients of critical issues accurately and promptly.
Advise institutional defined benefit and defined contribution clients on investment objectives, policy, asset allocation, manager selection, and ongoing monitoring.
Present capital markets and performance updates to executive committees and other stakeholders.
Develop portfolio recommendations for large and jumbo clients and analyze participant demographics and investment menu structures.
Manage project plans, timelines, and budgets.
Drive business development by expanding existing relationships and cultivating new clients.