Portfolio Implementation Associate

Company:

Mercer

Description:

Mercer, a place where extraordinary individuals can do their best work and lead their best lives! We believe in camaraderie and collaboration, no matter what your role, level, experience or background.

Mercer’s Wealth Global Business is seeking candidates for the following position based out of our Boston or St. Louis office:

Portfolio Implementation Associate

What can you expect?

• The Portfolio Implementation Associate will have direct responsibility for discretionary client & investment product Implementations

• Work directly with the investment consulting, operations & portfolio management teams on investment implementation activities. Implementation activities include: investment account establishment, instructing trading, in-kind transactions with Transition Managers, new business pricing requests, data connectivity, operational risk reviews, system administration, and the facilitation of client conference calls & meetings

• Responsible for providing comprehensive operational support to new discretionary client accounts

• Support client teams by completing Ad hoc requests of client origin, collecting and compiling portfolio data & information, etc. 

What’s in it for you?

• A growing business in a company with a strong brand, with experience developing solutions for a diverse set of clients

• The opportunity to partner with an experienced team to provide investment solutions to Mercer’s clients

• A culture of internal mobility, diversity, inclusion, and collaboration

• A company-wide emphasis on Corporate Social Responsibility – all colleagues receive 8 hours of paid time off for volunteering, with the option to join organized group activities

• Competitive pay and a full benefits package, starting Day 1

What you need to have:

• 2-6 years of experience in Portfolio Operations, Fund Accounting and/or Custodial oversight, with progressive increase in responsibilities.  Prior investment experience with Defined Contribution Plans, Pensions & Not-For-Profit organizations is a plus

• Bachelor degree in accounting, finance, business or related field of study preferred

• Strong analytical and organizational skills, clear and effective communication, both written and oral; ability to multi-task. This is a client facing position.

• Proficiency in Microsoft Office, especially Microsoft Excel

• General experience with client relationship management systems, databases, and trading systems (Charles River) is advantageous

We will count on you to:

• Assist with the development and maintenance of detailed project plans for each asset transition

• Assisting with the legal review process between the client and internal Mercer Legal to ensure that agreements are negotiated timely

• Work with operational stakeholders to ensure that all client setup requirements are considered and executed timely

• Work with the Mercer client team to ensure that clients’ legacy investments are transitioned efficiently and accurately from the existing structure to the new investment line-up

• Ensure that all new client onboarding compliance requirements are met

• Assist with implementation of trading requirements / improvements with Daily Operations team

• Assist with all aspects of trading related to new client onboarding events

• Communicate and document agreed upon asset allocation and trade results

• Be risk-aware and contribute to culture of continuous improvement

What makes you stand out?

• Demonstrated ability to work in an fast paced environment where adherence to procedures and controls is critical

• Basic understanding of investment management concepts, markets, and operational mechanics of institutional portfolios and investment vehicles

• Positive attitude & proven ability to work well in a team oriented environment, while maintaining ownership over individual responsibilities

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 approximately 25,000 employees are based in 43 countries and the firm operates in 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 $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan hel