Associate II – Placement Specialist

Company:Marsh Risk

Description:

Marsh is seeking candidates for our open Associate II – Placement Specialist

What can you expect:

• Becoming a member of Marsh's best in class Qualified Solutions Group (QSG) Casualty team who delivers expert broking & strategy solutions to help manage risk with confidence.
• In this Placement Specialist role, you will develop an understanding of the clients' business strategic priorities, risk strategies and risk management needs to help provide knowledge and advice to complex clients.
• Develop risk & industry specific knowledge in the Communications, Media, Technology and Life Sciences segments.
• Builds and maintains relationships with underwriters, and is involved in the placement of sophisticated insurance programs
• Helps identify the need for new products and develops innovative solutions for clients.
• Completes policy management activities and delivery of reviewed policy to client and helps address client inquiries as necessary.
• Delivers technical expertise in the delivery and presentation of RFP’s

What's in it for you?

• Gain exposure to key stakeholders and have the ability to make strong business connections.
• An opportunity for long term growth within a dynamic and growing business unit.
• Ability to make an immediate impact to support our book of business and growth of the organization.
• Exceptional benefits, great time off and additional perks that come with working at Marsh.

We will count on you to:

• Instruct placement strategy by utilizing risk expertise and knowledge of industry and carriers to develop placement solutions that meet complex client needs.
• Develop methods for the go-to-market strategy and provides input on pricing of services supporting client retention and new business production.
• Guide strong working relations with carriers and or underwriters to create innovative approaches to unique client needs and provide cohesive client service.
• Audit and finalize commission structure with underwriters in accordance with client direction and agreement.
• Achieve a thorough understanding of changing insurance, risk market conditions, and inform client teams, clients and carriers of major developments affecting various types of coverage.
• Apply advanced knowledge to the firm’s product lines by active participation in internal networks.
• Devise new products and innovative solutions that address complex client needs.
• Lead complex placement/technical support activities on accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required
• Consult management on highly complex client issues or trends through clear and concise communication and drives development.
• Develop strong working relations with carriers and or underwriters.
• Submit coverage specifications and obtain quotes from carriers, ensure that coverage is bound and be responsible for the accuracy of bound programs.
• Receive and analyze quotes from carriers and provide analysis and recommendations.

What you need to have:

• 5-8 years industry experience

• Property & Casualty license is a must, or ability to obtain license within 6 months of your start date
• Bachelors' degree preferred

What makes you stand out?

• Ability to build strong relationships and build rapport with internal colleagues, clients and carriers.
• Self-starter, resourcefulness with the ability to bring solutions and ideas to the firm.
• Being able to be part of a collaborative team and feel that you can make an immediate impact.
• Having an interest in how you fit in with achieving the practice’s goals and an interest in how to meet those goals.

Marsh Risk (NYSE:MRSH) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 billion, Marsh Risk helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh Risk advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, or follow us on LinkedIn and Twitter.

Marsh and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.

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 color, 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 [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $92,500 to $197,100.

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.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.