Private Equity Consultant - Business Insurance

Marsh McLennan • Schaumburg, IL

115d • $84,500 - $157,600 • Remote

About The Position

About Marsh McLennan Agency Midwest Marsh McLennan Agency's Midwest Region is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country. MMA Midwest is consistently recognized as a top workplace, attracting and retaining its insurance talent by rewarding expertise and investing in career development. Colleagues enjoy an award-winning culture that fosters a highly productive and results-driven working environment. A day in the life. As our Private Equity Consultant - Business Insurance on the Private Equity Services team, you'll: Cultivate a deep understanding of clients' strategic priorities, risk strategies, and risk management needs to advise on potential risks associated with transactions. Recognize typical business problems faced by clients and/or targets and leverage our service platform across all disciplines to provide effective solutions. Utilize substantial risk expertise and knowledge of the industry and insurance marketplace to review target company exposures and loss experience, developing solutions for moderately complex client needs. Prepare, deliver, and communicate due diligence reports to appropriate parties. Coordinate with clients' other diligence advisors on findings or gaps in coverage that materially impact other workstreams. Partner with internal and external teams to negotiate and evaluate quotes from carriers, presenting evaluations and recommendations to clients. Build and maintain relationships with clients and target companies, serving as the primary point of contact for due diligence-related and deal needs throughout the transaction process. Develop relationships with private equity firms, law firms, accounting firms, investment banks, and financial institutions to leverage future business opportunities.

Requirements

• Experience at an insurance brokerage with corporate and/or global accounts.
• 3+ years of experience in a Due Diligence/Private Equity role or demonstrated experience with clients considering M&A in an insurance broking context.
• Strong communication and negotiation skills.
• Ability to build and maintain relationships with diverse stakeholders.

Nice To Haves

• BS/BA in business, management, insurance, or a related field.
• Professional qualification (Actuarial, ACA, ACCA, CFA, or equivalent).
• In-depth understanding of investment manager operations and market participants.

Responsibilities

• Cultivate a deep understanding of clients' strategic priorities, risk strategies, and risk management needs.
• Recognize typical business problems faced by clients and/or targets and leverage our service platform across all disciplines to provide effective solutions.
• Utilize substantial risk expertise and knowledge of the industry and insurance marketplace to review target company exposures and loss experience.
• Prepare, deliver, and communicate due diligence reports to appropriate parties.
• Coordinate with clients' other diligence advisors on findings or gaps in coverage that materially impact other workstreams.
• Partner with internal and external teams to negotiate and evaluate quotes from carriers.
• Build and maintain relationships with clients and target companies.
• Develop relationships with private equity firms, law firms, accounting firms, investment banks, and financial institutions.

Benefits

• Medical, dental, vision, 401K benefits and more.
• The flexibility to work at home or an office, based on your discretion and schedule.
• Start with 20 days of paid time off.
• A paid day off to volunteer and company-organized volunteer events.
• Up to $1,000 per year in matching charitable donations.
• Up to $750 per year in wellness rewards.
• All the nitro cold brew coffee and sparkling water you can drink.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree