Senior Investment Consultant III

About the role

We are seeking a talented individual to join our Wealth team at Mercer, a Marsh business. This role can be based in Chicago, St Louis, Minneapolis, Dallas, Southfield, or Columbus and offers a hybrid work arrangement, requiring a minimum of three days per week in the office.

Responsibilities

• Advises institutional clients—both defined benefit and defined contribution—on investment objectives, policy, asset allocation, manager selection, and ongoing monitoring to optimize risk/return and meet fiduciary obligations.
• Presents capital markets and performance updates to executive committees and stakeholders.
• Buils portfolio recommendations for large and jumbo clients.
• Analyzes participant demographics and investment menu structure.
• Manages project plans, timelines, and budgets.
• Drives business development by expanding existing relationships and cultivating new clients.

Requirements

• Determine clients' requirements and brief the team as appropriate, providing the direction and guidance required to ensure deadlines and services standards are met.
• Maintain and expand client relationships.
• Ensure that specialist teams are involved in the provision of advice as and when appropriate.
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
• Peer review reports, adding client-specific information and ensuring client suitability.
• Drive business development by expanding existing relationships and cultivating new clients.
• Gather data from various teams within Mercer on capital markets, manager research, and performance reporting.
• Evaluate and synthesize key drivers of client portfolio performance given overall capital markets, third-party managers' investment styles and total portfolio characteristics.
• Produce written quarterly materials in PowerPoint, including both content and formatting.
• Understand client/prospect investment objectives and constraints.
• Work with third-party manager due diligence team to evaluate and select investments to fulfill the asset allocation.
• Monitor performance and business developments of third-party managers in client portfolios and notify clients of critical issues in an accurate and timely manner.

Qualifications

• Bachelor's degree required.
• At least 10 years of related investment industry experience.
• Deep understanding of investments and retirement plans, including 401k, Defined Contribution and pension plans.
• Experience with total portfolio management.
• Experience responding and presenting requests for proposal (RFP).
• Experience creating and delivering presentations.
• Strong, demonstrated interest in being client-facing and communicating technical (not necessarily financial) information concisely to clients.

Skills

• Having CFA, CIMA, CAIA or MBA.
• Strong, demonstrated interest in capital markets and portfolio construction (not security selection), including the calculation and interpretation of standard risk/return metrics.
• Experience or familiarity with not-for-profit portfolios.

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.
• We provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Pay

The applicable base salary range for this role is $162,000 to $324,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.

Schedule

This role offers a hybrid work arrangement, requiring a minimum of three days per week in the office.