Reinsurance Specialist

Marsh McLennan•New York, NY

1d•$97,700 - $162,700•Hybrid

About The Position

Marsh is seeking a Reinsurance Specialist to join Marsh Re. The role is based in New York, Philadelphia, or Edina, Minnesota, and follows a hybrid schedule requiring at least three days per week in the office or onsite with clients. The specialist manages complex reinsurance portfolios and processes technical transactions involving excess loss, pro rata, or facultative reinsurance, including coverage assessment, premium and loss transactions, and cash disbursements. The role also provides guidance and training to less experienced colleagues and may perform leadership and business-support duties assigned by the team or department manager. The position manages client activity and premium collection, coordinates with other departments on collections and cash application, and oversees timely settlement of funds in compliance with payment warranties and conditions. It also provides client-specific accounting and claims information to support sales opportunities and builds relationships with brokers, clients, and markets by understanding their needs and resolving issues. The applicable base salary range is $97,700 to $162,700. Base pay is determined by factors including experience, skills, training, location, certifications, and education. The position may also 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 and/or pro rata reinsurance and accounting.
Bachelor’s degree in accounting, finance, or risk management.
Proficiency with Microsoft Office applications, including Word, Excel, and PowerPoint.
Excellent written and verbal communication and negotiation skills.
Consistently promote and enhance the Marsh Re brand.

Nice To Haves

(Re)insurance and claims experience.
Pro rata and/or excess of loss experience.

Responsibilities

Manage assigned client portfolios, including timely follow-up, accurate system entry of client activity, 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, ensuring 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 to share knowledge and contribute to outcomes.
Provide guidance and training to less experienced colleagues.
Perform leadership and business-support duties as assigned by the team or department manager.