Associate II - Transactional Services

Marsh McLennan•Edina, MN

3d•Hybrid

About The Position

Marsh Re is seeking an Associate II - Transactional Services to manage an assigned client portfolio and support reinsurance accounting and transactional activities. The role is based in Edina, Minnesota, and follows a hybrid work arrangement requiring at least three days per week in the office or onsite with clients. The position manages client follow-up, activity entry, premium collection, and timely settlements of funds to and from clients. It collaborates with other departments on collections and cash application, ensures work complies with payment conditions and Service Level Agreements, and provides client-specific accounting and claims information to support sales. The associate builds relationships with brokers, clients, and markets, resolves issues, and contributes to team outcomes. Marsh offers professional development opportunities, interesting work, supportive leaders, a diverse and inclusive culture, career opportunities, and benefits and rewards intended to support well-being. The role has a base salary range of $97,700 to $162,700 and may be eligible for performance-based incentives. The rewards package includes health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, and employee assistance programs.

Requirements

At least 5 years of experience in excess of loss reinsurance and accounting.
Bachelor’s degree in accounting, finance, or risk management.
Proficiency in Microsoft Office applications, including Word, Excel, and PowerPoint.
Strong attention to detail and ability to manage workload effectively.
Teamwork skills and a positive attitude.
Proactive approach to offering and implementing process-improvement ideas in a dynamic environment.
Excellent written and verbal communication and negotiation skills.

Nice To Haves

Insurance and claims experience.

Responsibilities

Manage an assigned client portfolio, including timely follow-up, accurate entry of client activity into systems, and securing reinsurance premiums.
Collaborate with other departments to support collection efforts and cash application processes as needed.
Oversee timely settlement of funds to and from clients and ensure compliance with payment warranties and conditions.
Complete assigned tasks accurately and in accordance with Service Level Agreements (SLAs).
Provide detailed client-specific accounting and claims information to support sales opportunities.
Build and maintain relationships with brokers, clients, and markets by understanding their needs and resolving issues effectively.
Participate in team meetings, share knowledge, and contribute to team outcomes.