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Senior Defined Contribution Consultant
Senior Defined Contribution ConsultantMercer • Washington, DC, United States
Senior Defined Contribution Consultant

Senior Defined Contribution Consultant

Mercer • Washington, DC, United States
9 days ago
Job type
  • Full-time
Job description

Overview

Join to apply for the Senior Retirement Consultant role at Mercer . This role is based anywhere Mercer has an office and is a hybrid role requiring at least three days in the office per week.

As a Senior Defined Contribution Consultant, you will partner with Wealth colleagues and client managers to differentiate Mercer in the market. You will lead in selling and delivering non-investment related project work and retainer services. You will work with clients that sponsor large defined contribution plans (typically over $500 million in assets) by designing customized solutions to meet their strategic needs. You will bring leadership and expertise to both the local market and the broader national DC Consulting team, and participate in developing intellectual capital and mentoring junior consultants.

Responsibilities

  • Lead or participate in new business proposals to prospects and extend services to existing Mercer clients; developing new client relationships will be a focus
  • Serve as Mercer’s expert internally and in the marketplace on defined contribution plans for not-for-profit organizations and governmental agencies
  • Sell, lead and deliver client projects involving plan design, recordkeeping vendor management, vendor search and fee benchmarking, committee governance, compliance reviews, and administration consulting
  • Assist with expanding services to existing not-for-profit and governmental DC clients by maintaining ongoing relationships, identifying opportunities for expanded services, and supporting investment retainer clients
  • Guide and direct execution of long-term DC strategy; train staff to deliver services to large or jumbo clients
  • Routinely use Mercer intellectual capital and contribute to DC intellectual capital for the US
  • Mentor junior staff to enhance technical knowledge and client-facing skills through regular project interactions and coaching
  • Participate in internal initiatives to support the growth of the DC Retirement business
  • Stay current with the DC regulatory and legislative landscape and share insights with clients and internal staff

What you need to have

  • Bachelor’s degree
  • Minimum 10 years’ experience in benefits consulting with proven ability to sell and deliver Defined Contribution retirement consulting services to senior business leaders
  • Strong to expert working knowledge of not-for-profit and governmental retirement plan design and operations, including nondiscrimination testing, compliance, plan administration and governance, and the DC vendor marketplace
  • Experience presenting to executive leadership at clients
  • Experience with private sector clients is a plus
  • Experience in leading large projects, orchestrating multiple complex projects for large clients
  • Proven project management skills and ability to manage client expectations
  • Risk identification and implementation of solutions for clients
  • Time management
  • Proven sales results
  • Proven financial project management
  • What makes you stand out

  • Deep subject matter and marketplace expertise
  • Creativity and ability to adapt to client needs
  • Experience
  • Why join our team

  • Professional development opportunities, interesting work and supportive leaders
  • Leader in the Defined Contribution Consulting marketplace with a focus on servicing large, complex clients
  • Inclusive culture and opportunities to create new solutions with colleagues, clients and communities
  • Mercer, a business of Marsh McLennan, is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes. Marsh McLennan advises clients in 130 countries across four businesses : Marsh, Guy Carpenter, Mercer and Oliver Wyman. The organization emphasizes diversity, inclusion and flexible work arrangements. If you have accommodation needs, please contact reasonableaccommodations@mmc.com.

    The applicable base salary range for this role is $142,500 to $285,000. The base pay offered is determined by factors including experience, skills, location, and applicable minimum wage requirements. This position may be eligible for performance-based incentives. We offer a competitive total rewards package including health and welfare benefits, tuition assistance, 401K savings and other retirement programs.

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