Associate II – Placement Specialist

Marsh McLennan•Chicago, NY

1d•Hybrid

About The Position

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

Requirements

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

Nice To Haves

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.

Responsibilities

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.