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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Retirement Pension Consulting Consultant

Full-TimeUpdated on 10/24/2026
No salary listed
Senior
Bachelor's
Hong Kong
HybridHybrid; at least three days per week in the office.
ConsultingHuman Capital & Change Consulting

About the job

Requirements
  • A Bachelor's degree in a numerical subject such as Actuarial Sciences, Mathematics, or Finance (Accounting/Management/Behavioral).
  • At least 7 years of proven working experience in the retirement pension field.
  • Strong communication, analytical, and technical skills, including the ability to manage and manipulate large amounts of data efficiently and explain complex technical information concisely in layman's terms within the scope of the role.
  • Self-initiative and curiosity in financial services, with motivation to seek knowledge, test ideas, and find ways to contribute to the team.
  • Ability to build relationships by communicating, influencing, and negotiating effectively with team members.
  • Strong personal management skills to plan ahead, manage routine schedules, assess capacity for unexpected tasks, and estimate task completion times for senior management reporting.
  • Strong written and verbal English and Cantonese skills.
Responsibilities
  • Develop knowledge of valuing liabilities related to pensions and long-term severance benefits under Hong Kong's pension regime and long-term benefits in certain other Asian markets, including South Korea and the Philippines.
  • Support or lead projects, depending on complexity, including mergers and acquisitions due diligence and implementation, retirement benefit review and benchmarking, and other retirement or long-term benefit projects; apply technical and actuarial skills and market knowledge to help corporate sponsors evaluate scheme-management options and balance cost with adequate coverage.
  • Manage projects and clients as appropriate to the role, develop actuarial consulting skills, help clients address pension needs and understand retirement benefit trends, and lead small initiatives and projects while making decisions.
  • Conduct research and analytics to form local views on issues relevant to clients, and apply findings to develop recommendations or observations under guidance from more experienced colleagues.
  • Support new business initiatives and business development activities.
  • Monitor regulations from the Mandatory Provident Fund Schemes Authority that affect the financial planning industry in investment and retirement matters.
  • Carry out assigned initiatives with minimal supervision, including drafting and managing industry surveys and compiling information for projects and marketing efforts, with review by senior team members.
  • Guide and mentor junior team members.
Desired Qualifications
  • Mandarin is an added advantage.

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

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