Senior Benefits Analyst
Mercer - Chicago, IL

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Mercer is the global leader for trusted Human Resources and related financial advice, products and services. In our work with clients, we make a positive impact on the world every day. We do this by enhancing the financial and retirement security, health, productivity and employment relationships of the global workforce. Mercer has more than 19,000 employees serving clients in over 180 cities and 40 countries and territories worldwide. If you thrive on challenge, are passionate about ideas, love solving problems and truly enjoy connecting with people, we encourage you to explore the hundreds of job opportunities available through Mercer. Our core strengths in consulting, outsourcing and investments place Mercer in a unique position to help our clients achieve the extraordinary - and extraordinary results require extraordinary people. Mercer is an operating unit of Marsh & McLennan Companies.

Marsh & McLennan Companies is a leading global professional services firm with roots dating back to 1871. We employ over 50,000 employees in more than 100 countries with annual revenue exceeding $11 billion. Marsh & McLennan Companies is the parent company of a number of the world's leading risk experts and specialty consultants, including: Marsh, our insurance broker and risk advisor; Guy Carpenter, our risk and reinsurance specialist; Mercer, our provider of HR and related financial advice and services; and Oliver Wyman, our management consultancy.

The Senior Benefits Analyst, Mercer Retirement Administration (MRA) will set up or complete work for a client/project team, which involves documenting requirements and building or performing administration services for clients. This includes performing basic and complex pension calculations under defined benefit plans, reviewing calculations performed by other Benefits Analysts, assisting with design changes and testing the system. To fulfill this role, the Senior Benefits Analyst, MRA will:

Analyze and translate pension plan documents to complete or provide final peer review of basic pension calculations performed by others ensuring accuracy against plan documents for defined benefit pension plans. Use this knowledge to design, develop, or update system, calculator, database and web, and for the testing of systems and tools.

Identify and resolves issues that affect accuracy. Suggest process improvements to management

Audit and reconcile pension data to set up historical data or to maintain current data. Report and work with client to resolve discrepancies.

Answer participant calls; follow-up with research on participant questions and paperwork (applies only to the Pension Administration Services group positions).

Assist in new client transitions by drafting calculation, web and process manuals or specifications, trust processes, participant communication and other projects given by the transition team.

Project management responsibility for client processes, ensure tests are completed thoroughly and timely, and identify items outside our scope of services

Provide guidance and training to client teams and serve as a subject matter expert. Professionally and effectively communicate with team- internal or external- regarding status, delivery dates and risks.

Analyze legislative and regulatory summaries and ensure compliance for all client work. Adherence to all established standards

Qualifications

BA/BS degree required in Math, Business, Statistics, Finance or Programming

3-5 years of defined benefits experience and/or experience automating solutions for pension benefit calculations

Intermediate to advanced skills in Microsoft Excel and Word

Working knowledge of actuarial concepts and calculation methods, e.g. actuarial factors and commutation functions. Solid knowledge of the IRS code and DOL rules and regulations as they apply to defined benefit plans and procedures including: the Pension Protection Act, 401(a)(17), 415(b), 417(e), Relative Value and RASD

Ability to work in a team environment with rapidly changing priorities and demands. Demonstrated leadership experience within a team environment.

Excellent interpersonal skills; strong oral and written communications skills; ability to communicate technical information in a way that others can understand. Ability to interpret plan documents, provisions and administrative practices

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension and 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at:

http://www.mmc.com/

. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at:

www.mmc.com/diversity

.

Job

Consulting

Primary Location

US-IL-Chicago

Marsh & McLennan Companies and its Affiliates

are equal opportunity employers

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Mercer is a global consulting leader in talent, health, retirement, and investments. Mercer helps clients around the world advance the...