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Sr. Principal Lead Health & Benefits Consultant

$150k - $225.5k

Oliver Wyman

Strategic Sr. Principal Lead Health & Benefits Consultant

Mercer is expanding — join us as a strategic Sr. Principal Lead Health & Benefits Consultant to help lead growth and drive the Mercer H&B practice into the future. This role is part of our Health & Benefits team and can be based in one of our Northeast offices in New York, New Jersey, Connecticut, Boston, or Philadelphia. This is a hybrid position with a requirement to work in the office at least three days per week.

As a Sr. Principal Lead Health & Benefits Consultant, you will be a strategic partner to large-market employer clients (2,000+ lives), advising on medical, dental, life, and disability programs. You will act as the subject-matter expert, negotiate with carriers and vendors to secure health and welfare coverage, and serve as the primary consultant and relationship leader for your clients. A core part of this role is driving business growth — identifying opportunities, expanding client relationships, and shaping Mercer's H&B offerings for the future.

Key responsibilities:

  • Lead complex, strategic client engagements, overseeing service delivery, financial evaluations, plan design, renewals, placements, benchmarking, and targeted studies.
  • Develop innovative benefits design and renewal strategies that solve complex client challenges and differentiate Mercer in the market.
  • Create tools, methodologies, and scalable solutions to address client needs and support the practice's growth.
  • Define the full scope of services for engagements and set clear roles and responsibilities across client teams.
  • Communicate Mercer's strategic perspective on industry trends and emerging solutions to clients and internal stakeholders.
  • Own revenue and profitability for assigned accounts and projects; proactively identify and pursue growth opportunities.
  • Track project success against scope, budget, schedule, and client satisfaction metrics.
  • Generate new business by expanding existing client relationships and leading targeted prospecting and pursuit efforts.
  • Shape strategic direction and create demand for new products and services that advance Mercer's H&B practice.

Qualifications:

  • BA/BS degree required.
  • Minimum of 12+ years' experience designing, recommending, and implementing creative, effective health & benefits solutions for large employers.
  • Recognized expertise and strong reputation in the health & benefits field.
  • Proven client-facing experience in a consulting environment.
  • Valid Life & Health license.

What will make you stand out:

  • Demonstrated success in driving revenue growth and acquiring new business within health & benefits.
  • Strong, innovative sales and marketing skills with the ability to position Mercer's capabilities and win in the marketplace.
  • Excellent analytical and quantitative skills, with experience using data to shape strategy and demonstrate impact.
  • Clear strategic thinking, superior communication, and active listening skills.
  • Proven leadership and project management experience delivering large, complex engagements and leading cross-functional teams.

Why join Mercer:

  • Play a central role in growing a leading H&B practice and shaping its future direction.
  • Access meaningful professional development, challenging work, and supportive leaders committed to your growth.
  • Join an inclusive culture where collaboration and new ideas are encouraged and rewarded.
  • Benefit from Mercer's global scale and the career mobility, benefits, and resources that support personal and professional well-being.

The applicable base salary range for this role is $150,000 to $225,500.

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

Vacancy posted 4 hours ago
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