Defined Contribution (DC) Consultant / Senior Consultant

Marsh & McLennan Companies; Prince Edward Island; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Defined Contribution Consultant/Senior Consultant, where you will play a crucial role in delivering comprehensive services to institutional clients. This hybrid position allows you to work flexibly while focusing on financial wellness, plan design, and governance. Collaborate with a dynamic team to provide tailored solutions and enhance the client experience. With opportunities for professional growth and a commitment to fostering an inclusive culture, this role is perfect for those passionate about making a meaningful impact in the financial sector.

Benefits

Professional Development Opportunities

Supportive Leadership

Vibrant and Inclusive Culture

Career Opportunities

Benefits and Rewards

Qualifications

• 5 years of experience for Consultant or 8 years for Senior Consultant in Defined Contribution plans.
• Strong analytical and project management skills are essential.

Responsibilities

• Act as primary consultant for mid-sized to large clients on DC plans.
• Build strong relationships and manage consulting relationships for assigned DC clients.

Skills

Interpersonal Skills

Communication Skills

Analytical Skills

Project Management

Client Relationship Management

Education

Bachelor's Degree in Business, Finance, or Economics

Job description

Company: Mercer

Description:

We are seeking a talented individual to join our Wealth Investment Consulting team at Mercer. This role will be based in London, and it is a hybrid role with a requirement of working at least three days a week in the office.

As a Defined Contribution (DC) Consultant / Senior Consultant, you will be an integral member of a dynamic Canada Wealth team delivering a full range of services to institutional clients who sponsor or intend to set up a group retirement savings plan as well as work in a co-consulting capacity with other senior DC consultants in the delivery of complex advice to large DC clients.

We will count on you to:

• Act as primary consultant for a number of mid-sized to large-size clients
• Provide or, with the support of other subject matter experts, be actively involved in the delivery of advice to a wide range of institutional clients on all DC aspects, including:
• Financial wellness
• Plan design and benefit adequacy evaluation
• Selection of record keepers, and ongoing monitoring of overall DC plan operations; review of vendor contracts
• Establishment of project plans for DC plan implementations and management of timelines, deliverables and budgets
• Design of optimal investment structures, as well as selection and ongoing monitoring of investment managers and funds
• Structuring of customized portfolio solutions
• Fee competitiveness assessment
• Plan governance process development, implementation and on-going application
• Compliance with regulatory requirements and other legal support
• Preparation or review of member communication materials as needed to supplement the materials provided by record keepers
• Elaboration of reports on special projects
• Build strong relationships with and manage all aspects of consulting relationships for assigned DC clients
• Contribute to business development for instance through direct client/prospect approach or by responding to requests for proposal for DC services, participating in shortlist presentations and responding to requests and leads from colleagues in other lines of business
• Contribute to the expansion and ongoing maintenance of our DC intellectual capital

What you need to have:

• A bachelor's degree in business, finance, economics, or other business-related areas with strong quantitative and analytical course content
• 5 years of work experience for Consultant OR 8 years for Senior Consultant with Defined Contribution plans in the capacity of plan sponsor, consultant or relationship manager with a recordkeeper
• Strong interpersonal and communication skills to successfully interact with clients and prospects
• Ability to engage in deeper conversations beyond traditional investment topics for meaningful change around financial wellbeing and plan governance
• Excellent analytical and project management skills
• Experience in client relationship management; a passion for delivering the best service to clients
• As required by financial markets regulators, group annuity plans advisor designation or enrollment to achieve the certification within your first year will be expected

What makes you stand out?

• Be comfortable working in an environment where change is certain as the DC market is rapidly changing and evolving
• CFA, ASA or FICA certification
• Life License or Completion of the Life License Qualification Program

Why join our team:

• 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 impact for 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.