Placement Specialist - Casualty

Marsh•New York, NY

2d•$92,500 - $197,100•Hybrid

About The Position

We are seeking a talented individual to join our Casualty Placement team at Marsh. This role will be based in NYC. This is a hybrid role that has a requirement of working at least three days a week in the office. The Placement Specialist will devise the go-to-market strategy, advocate for the value of the placement function, and participate in pricing of services as applicable. They will instruct the submission of coverage specifications and obtain quotes from carriers based upon the “assist, advise, and assume” transaction model. This role will consult with client executives and client teams to support client retention and new business production. The specialist will inspect the binding of coverage and be responsible for the accuracy of placement binders. They will drive and build relationships with practice, insurance markets, clients, carriers and/or underwriters to provide cohesive client service. A solid knowledge of market risk issues, insurance brokerage, account management, servicing and sales skills is required. The role requires a detailed understanding of changing insurance and risk management market conditions and the ability to inform client executives, client advisors, and/or clients of major developments affecting various types of products/coverage. The Placement Specialist will formulate Placement strategy by utilizing substantial risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs.

Requirements

6+ years industry experience and success working collaboratively in a matrix team environment
Casualty experience lines needed
Strong problem solving including critical thinking and communication skills.
P&C license, or ability to obtain.

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

Devises the go-to-market strategy, advocates for the value of placement function and participates within pricing of services as applicable.
Instructs the submission of coverage specifications and obtains quotes from carriers based upon the “assist, advise, and assume” transaction model.
Consults with client executives and client teams to support client retention and new business production.
Inspects the binding of coverage and is responsible for the accuracy of placement binders.
Drives and builds relationships with practice, insurance markets, clients, carriers and/or underwriters to provide cohesive client service.
Formulates Placement strategy by utilizing substantial risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs.
Build and maintain relationships with underwriters to manage the placement of insurance programs.
Take lead on complex placement/technical support activities on big accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required.