Senior Investment Consultant

We are seeking a talented individual to join our Wealth at Mercer, a Marsh business. This role will be based in Chicago, St. Louis or Minneapolis. This is a hybrid role that requires working at least three days a week in the office.

As an Investment Consultant
, you will advise institutional clients—both defined benefit and defined contribution—on investment objectives, policy, asset allocation, manager selection, and ongoing monitoring to optimise risk/return and meet fiduciary obligations. You’ll present capital markets and performance updates to executive committees and stakeholders, build portfolio recommendations for large and jumbo clients, and analyse participant demographics and investment menu structure. You’ll manage project plans, timelines, and budgets, and drive business development by expanding existing relationships and cultivating new clients.

• Determine clients' requirements and brief the team as appropriate, providing the direction and guidance required to ensure deadlines and service standards are met.
• Maintain and expand client relationships.
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
• Ensure that specialist teams are involved in the provision of advice as and when appropriate.
• Peer review reports, adding client-specific information and ensuring client suitability.
• Direct the work of employees in a project team and coach/mentor junior colleagues.
• Lead efforts to aggressively market and expand the Investment consulting business as well as Mercer's broader services as appropriate.
• Gather data from various teams within Mercer on capital markets, manager research, and performance reporting.
• As needed, interact with third‑party investment managers and custodians for pertinent information.
• 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 fulfil 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.

• Bachelor's degree required.
• At least 8 years of related investment industry experience.
• Deep understanding of investments and retirement plans, including 401(k), defined contribution and pension plans.
• Experience with total portfolio management.
• Experience responding to Requests for Proposal.
• Experience creating and delivering presentations.
• High level of proficiency in Microsoft Office, particularly PowerPoint and Excel.
• Excellent organisational, interpersonal, verbal and written communication skills.

• Having CFA, CIMA, CAIA or MBA.
• Experience prospecting for net new business.
• Strong, demonstrated interest in capital markets and portfolio construction (not security selection), including the calculation and interpretation of standard risk/return metrics.
• Strong, demonstrated interest in being client‑facing and communicating technical (not necessarily financial) information concisely to clients.

• Base salary range: $122,400 – $244,800.
• Performance‑based incentives may be eligible.
• Total rewards package includes health and welfare benefits, tuition assistance, 401(k) savings and other retirement programmes, as well as employee assistance programmes.

Marsh 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 colour, 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 reaso