Senior Director - Specialty (Insurance)

Company:Marsh

Description:

Marsh McLennan Global Services is seeking candidates for the following position based in the Mumbai office

Senior Director – Specialty (Grade H)

Description:

We are seeking a highly skilled and experienced Specialty Leader within our Center of Excellence. As a Specialty Leader, you will be responsible for leading a global team of professionals who understand client and insurer requirements, provide administrative & technical support to develop or enhance insurance products and solutions working closely with Global Specialty organization.

What can you expect?

• Build a high performing Specialty organization within CoE through hiring, monitoring, coaching, developing and mentoring colleagues
• Drive technical support activities around understanding client insurance requirements, reviewing placement data and developing and maintaining clause library for products/ solutions
• Develop deep industry and product knowledge within team to support development and enhancement of insurance products and solutions
• Support collaboration across regions and practices to review client coverage specifications against existing product portfolio to find opportunities to enhance existing product/ solutions or develop new product / solutions  
• Develop strong working relationships with distribution and placement teams to deliver optimal outcomes for our clients 
• Continually innovate to enhance ways of working across practices and regions 
• Managing the CoE resources either directly or through a matrixed relationship

We will count on you to:

• Attract, coach and develop talent within the Specialty organization such that the objectives of the team are executed and aligned with the global strategy
• Implement short and long-term staffing strategies that aligns with the business objectives and target operating model
• Support global specialty organization to review and enhance existing products and solutions  
• Review client exposure, placement and claims data to help articulate new features/ coverages for specialization to support development of new product / solutions
• Help with administrative activities for reviewing clauses across insurance contracts and maintaining clause library for products/ solutions
• Support in creating and developing analytical models to be leveraged by Specialty practices across regions
• Conduct quality checks on data capture and processes to ensure accuracy, completeness, and adherence to internal policies and procedures. Identify areas for improvement and recommend process enhancements to optimize efficiency and effectiveness
• Stay updated on market trends, product offerings, and emerging risks to provide valuable insights to the global specialty teams
• Ensure compliance with regulatory requirements, industry standards, and internal policies. Stay updated on changes in regulations and communicate relevant updates to the broader team

What you need to have: 

• MBA from a premier business school or equivalent degree in Risk Management/Insurance related field
• 15+ years of experience in insurance placement, underwriting, or related roles with minimum 5 years leading a specialist team in similar capacity
• Strong industry knowledge within one or more insurance specialty lines – Energy & Power, Marine, Credit, FinPro, Construction, PEMA or Cyber
• Leadership experience, with the ability to inspire and motivate a team
• Strong business acumen, stakeholder management, relationship building, executive presence, communication, influencing, and negotiation skills
• Experience working with global stakeholders and cultures

What makes you stand out?

• Professional certifications (e.g., CPCU, ARM)
• Knowledge of regulatory requirements and compliance standards
• Experience in setting up specialty teams in global capability centers or broking business

Marsh, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.Marsh McLennan 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, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan 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 McLennan 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.