Senior Investment Strategy Analyst - Investment Actuary

Company : Mercer

Mercer

Description :

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers.

We are in the business of creating more secure and rewarding futures for our clients and their employees - whether we are designing affordable health plans, assuring income for retirement, or aligning workers with workforce needs.

Mercer Investments LLC is seeking candidates for the following position based in the New York, NY office (a telecommuting / hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies) :

Senior Investment Strategy Analyst - Investment Actuary

We will count on you to :

Help develop, implement, and advise on pension risk management strategies for clients within Mercer's US Wealth, Investment Solutions business.

Provide analytical support to asset allocation processes, coordinating with Senior Financial Strategists on dynamic glide path design, strategic asset allocation and portfolio construction.

Understand asset classes, risk, and return tradeoffs, plan design, liability features, and plan sponsor constraints to develop investment strategies.

Partner with Client Portfolio Directors to develop and present results of asset-liability studies, glide path reviews, and portfolio structure reviews.

Model pension liabilities and fixed income portfolios utilizing internal and external risk models to assess risk exposures, including plan-specific liability duration profile and credit spread risk.

Understand pension plan liabilities, design features, and risk drivers that influence hedge portfolio development. Construct hedge portfolios to manage funded status risk and portfolio tracking error versus pension liabilities and asset benchmarks, considering plan-specific liability profile, funded position, and client objectives.

Provide analytics and research support for expansion of Mercer's liability-driven investing toolkit and offerings. Act as internal project manager to ensure timely production and delivery of quarterly reports, which describe the performance of the underlying investment funds and the progress a client is making on their dynamic de-risking glide path.

Provide detailed risk attribution, and ongoing performance and risk analysis for liability hedging fixed income investments.

Assess hedge portfolio performance and tracking error against liabilities and asset benchmarks. Review hedge overlay and LDI completion manager performance.

Support sales process with customized analysis, proposed portfolios, and strategies. Manage the on-boarding process of new OCIO clients and manage ongoing activities for existing clients already on the platform.

Manage the client on-boarding process for specific new clients, working closely with implementation team members, the client and with the interested Mercer lines of business (e.

g., portfolio management, client solutions, operations, and Pension Strategy & Solutions Group). Take ownership of liability valuation process and daily measurement.

Manage communication of new business requirements to the operations / IT team. Collaborate with teams across Mercer's Wealth business, and train junior staff.

What you need to have :

Must have a Bachelor's degree or foreign equivalent in Economics, Finance, Business Administration, Mathematics, Actuarial Science, or a related field plus six (6) years of progressively responsible post-baccalaureate experience in the position offered or a similar actuarial role.

• Must have six (6) years of experience with all of the following : Pension actuarial, fixed income management and / or risk management experience;
• Utilizing pension risk management and understanding of investment techniques to hedge pension liabilities, considering impact of changes in discount rates, demographics, assumptions and regulations on pension liability and liability hedge portfolio construction;
• Pension risk management and portfolio construction, with a focus on fixed income markets and fixed income asset management;

Preparing Quantitative investment risk models in MS Excel; Performing asset allocation, including review of portfolios designed to hedge pension liability.

Must have Associate or Fellow of the Society of Actuaries (SOA) designation or Fellow designation in an actuarial society that the SOA has a mutual recognition agreement with;

currently this includes Institute and Faculty of Actuaries (UK), Institute of Actuaries of Australia, and Society of Actuaries in Ireland.

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

Mercer's more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE : MMC), the world's leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $23 billion.

Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment.

For more information, visit mercer.com. Follow Mercer on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex / gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law.

If you have a need that requires accommodation, please let us know by contacting TANA redacted

The applicable base salary range for this role is $185,910 - $185,910 per year.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education.

Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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