Reinsurance Specialist

Guy Carpenter•New York, NY

2h•$97,700 - $162,700•Hybrid

About The Position

Marsh Re is seeking a Reinsurance Specialist based in New York, Philadelphia, or Edina, Minnesota. The role is hybrid, with at least three days per week in a local 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 assessments, premium and loss transactions, and cash disbursements. The role also includes providing guidance and training to less experienced colleagues and carrying out leadership and business support duties as assigned by the team or department manager. The position manages client portfolios, supports premium collection and cash application, oversees client settlements, and ensures accurate work in accordance with service-level agreements. It also provides client-specific accounting and claims information to support sales opportunities and builds relationships with brokers, clients, and markets. Marsh describes its culture as inclusive and flexible, with professional development opportunities, interesting work, supportive leaders, and a range of career opportunities. The position offers a base salary range of $97,700 to $162,700 and may be eligible for performance-based incentives. The total 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 in 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 strong 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.
Process technical transactions related to excess loss, pro rata, or facultative reinsurance, including coverage assessments, premium and loss transactions, and cash disbursements.