Placement Specialist

Marsh McLennan•Chicago, IL

1d•$120,500 - $256,700•Hybrid

About The Position

Marsh Risk is seeking a Placement Specialist to formulate placement strategies by utilizing substantial risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs. The role involves devising go-to-market strategies, advocating for the value of the placement function, and participating in pricing of services as applicable. The specialist will instruct the submission of coverage specifications, obtain quotes from carriers based upon the “assist, advise, and assume” transaction model, and consult with client executives and client teams to support client retention and new business production. Responsibilities include inspecting the binding of coverage and ensuring the accuracy of placement binders. The role also involves driving and building relationships with practice, insurance markets, clients, carriers, and/or underwriters to provide cohesive client service. A key aspect is mastering a detailed understanding of changing insurance and risk management market conditions and informing client executives, client advisors, and/or clients of major developments affecting various types of products/coverage. The specialist will lead complex placement/technical support activities on big accounts, ensuring procedural compliance, reviewing data, updating annual renewal exhibits, and maintaining accurate placement system entries for contract execution. Additionally, the role requires consulting management on complex client issues or trends through clear and concise communication and participating in the development of solutions.

Requirements

Substantial risk expertise
Knowledge of industry and carriers
Ability to develop solutions for difficult client needs
Ability to devise go-to-market strategy
Ability to advocate for the value of placement function
Ability to instruct submission of coverage specifications
Ability to obtain quotes from carriers
Ability to consult with client executives and client teams
Ability to inspect binding of coverage
Responsibility for accuracy of placement binders
Ability to drive and build relationships with practice, insurance markets, clients, carriers and/or underwriters
Detailed understanding of changing insurance and risk management market conditions
Ability to inform client executives, client advisors, and/or clients of major developments
Ability to lead complex placement/technical support activities on big accounts
Ability to ensure procedural compliance
Ability to review data and update annual renewal exhibits
Ability to maintain accurate placement system entries
Ability to consult management on complex client issues or trends
Ability to participate in development of solutions

Responsibilities

Formulates Placement strategy by utilizing substantial risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs.
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.
Masters a detailed understanding of changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.
Leads 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.
Consults management on complex client issues or trends through clear and concise communication and participates in development of solutions.