Defined Contribution (DC) Consultant / Senior Consultant

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.