Associate Captive Consultant

Marsh McLennan•Philadelphia, PA

1d•Hybrid

About The Position

The Associate Captive Consultant supports the Captive Practice within the Graham Division through data analysis, financial modeling, loss projections, reinsurance evaluations, and preparation of client-facing proposals and presentations. The role coordinates projects and communications among clients, prospects, internal teams, and external partners, and helps identify new business opportunities and support the growth of the Captive Practice. Responsibilities include maintaining client and prospect data; assisting with historical premium and loss analyses, loss-pick analyses, projections, reinsurance estimates, and captive financial pro forma models; and preparing comparisons of reinsurance options, deductible structures, retained layers, and program costs. The Associate communicates findings and key considerations to the Captive Practice Leader. The role also prepares proposals, presentations, reports, and recommendations; participates in client and prospect meetings; supports prospective-client evaluation, onboarding, project execution, and ongoing service; coordinates deliverables with service teams and external partners; and researches business opportunities, industry trends, market developments, regulatory changes, and emerging captive opportunities. The position develops knowledge of captive insurance structures, alternative risk financing, reinsurance, financial modeling, and related practices. Work is typically hybrid at Marsh Agency’s Philadelphia office, with an expectation of working in the office at least two days per week. The role involves normal office working conditions and extensive computer and keyboard use.

Requirements

Bachelor’s degree in Risk Management, Insurance, Business, or a related field, or equivalent professional experience.
Five or more years of experience in an insurance brokerage or agency environment focused on commercial insurance.
Professional underwriting, actuarial, or insurance product management experience.
Required and appropriate insurance agent’s license.
Advanced proficiency in Microsoft Excel.
Strong math and analytical skills.
Strong initiative, organization, and time-management skills.
Excellent written and verbal communication skills.
Excellent organizational skills and attention to detail.
Professional demeanor.
Proficiency with Microsoft Office Suite and standard Marsh Agency systems and applications.
Integrity, including following through on commitments while upholding quality and ethical standards.
Accountability, including taking ownership, seeking and applying feedback, and making thoughtful, reliable decisions.
Innovation, including challenging the status quo, embracing change, and leveraging shared workflows.
Collaboration, including working effectively across teams, building relationships, sharing learnings, and leading with curiosity.
Passion, including approaching work with discipline and enthusiasm and a willingness to embrace and overcome challenges.
Ability to meet the physical demands of the job, with reasonable accommodations where applicable.

Responsibilities

Compile, organize, clean, and maintain client, prospect, premium, loss, claims, and exposure data.
Assist with historical premium and loss analyses to evaluate captive feasibility, retained layers, deductible structures, and potential program outcomes.
Support loss-pick analyses and projections for captive pro forma models, prospect presentations, client proposals, and strategic recommendations.
Assist with excess and reinsurance estimates for prospective and existing clients, including estimated premiums and other program components.
Support development and maintenance of captive financial pro forma models using company tools, national resources, and established methodologies.
Prepare financial comparisons of reinsurance options, deductible structures, retained layers, and individual cost components for quote reviews.
Communicate findings and key considerations for review by the Captive Practice Leader.
Prepare client and prospect presentations, proposals, reports, and other deliverables, translating technical concepts and financial results into clear materials.
Participate in prospect and client meetings, supporting preparation, presentation delivery, and follow-up.
Support strategic recommendations aligned with client objectives, risk profiles, and business needs.
Gather information, coordinate internal analysis, and assess prospective captive clients against underwriting and revenue criteria.
Assist with new-client onboarding, project execution, and ongoing client service.
Coordinate timelines and deliverables with Service Teams and external partners.
Liaise with Production and Account Management regarding client and prospect information needs, project requirements, and status updates.
Communicate with captive managers, actuaries, reinsurers, and other external stakeholders to gather information, confirm requirements, track timelines, and support project execution.
Build professional working relationships with clients, prospects, Producers, service teams, and external partners.
Research new business opportunities, cross-selling initiatives, client reviews, and prospect discussions.
Identify relevant industry trends, market developments, regulatory changes, and emerging captive opportunities for consideration by the Captive Practice.
Develop knowledge of captive insurance structures, alternative risk financing, reinsurance, financial modeling, and related industry practices.
Maintain regular and predictable attendance in accordance with company policy.