Placement Specialist - Marine

Marsh McLennan•Chicago, IL

5d•$92,500 - $197,100•Hybrid

About The Position

Marsh is seeking candidates for our open Placement Specialist position in our Seattle, Houston, New York City or Chicago office. This is a hybrid role that has a requirement of working at least three days a week in the office. The role involves building and maintaining relationships with underwriters, and is involved in the placement of sophisticated insurance programs. It also includes identifying the need for new products and developing innovative solutions for clients, completing policy management activities and delivery of reviewed policy to client, and addressing client inquiries as necessary. Additionally, the role requires delivering technical expertise in the delivery and presentation of marine portions of RFPs.

Requirements

5+ years industry experience
Commercial Brokerage and/or Underwriting Experience preferably in marine lines of coverage
P&C license a must, or ability to obtain
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.
Experience participating and being a part of a high performing team

Responsibilities

Manage and monitor the insured’s 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 provide 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 underwriter in accordance with client direction, Marsh Commission Yield Statements and Facility agreements.
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.
Devise new products and innovative solutions that address complex client needs.
Lead 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.
Consult management on highly complex client issues or trends through clear and concise communication that drives development.
Develop strong working relations with carriers and/and 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.