Reinsurance Specialist

Marsh McLennan•Philadelphia, PA

5d•Hybrid

About The Position

We are seeking a talented individual to join our team at Marsh Re. This role will be based in Philadelphia, PA. This is a hybrid role that has a requirement of working at least three days a week in the office. This role is responsible for managing complex portfolios, including processing all technical transactions related to excess loss, pro rata, or facultative reinsurance, such as coverage assessment, premium and loss transactions, and cash disbursements. Additionally, provide guidance and training to less experienced colleagues and perform leadership and business support duties as assigned by the team or department manager.

Requirements

5+ years of professional experience in insurance, reinsurance, or risk management (with a minimum of 2 years of reinsurance experience).
Bachelor's degree or equivalent work experience.
Proficient in Microsoft Office applications (Word, Excel, PowerPoint) with strong attention to detail.
Proven ability to work effectively in high-performance teams, managing workload to meet client and stakeholder expectations.
Excellent communication and negotiation skills, with the ability to deliver clear messages and promote the Guy Carpenter brand.
Capable of making sound independent judgments, providing effective solutions, and mentoring colleagues to ensure superior client service.

Nice To Haves

Proven track record in successful client account and relationship management, with strong verbal and written communication skills for complex interactions.
Familiarity with contract law, regulatory controls, and general business trends, along with previous knowledge of reinsurance and insurance concepts preferred.

Responsibilities

Manage a complex client portfolio, ensuring accurate processing of premiums, client activity, and timely follow-up, while supporting collection and cash application initiatives.
Ensure timely settlement of funds, adhering to all payment warranties and contractual conditions, and collaborate with market fiduciaries and collections teams as needed.
Provide detailed information on client-specific accounting and claims activities to support sales opportunities and reinsurance negotiations.
Request and maintain collateral requirements for clients.
Build and maintain strong relationships with brokers, clients, markets and claim professionals to resolve issues, review practices, and facilitate effective communication.
Participate actively in team and department meetings, sharing knowledge, contributing to process improvements, and fostering strong working relationships.
Support and mentor less experienced colleagues, lead or participate in training sessions, and contribute to the development of operational processes and technology solutions.
Coordinate reinsurance audits, review claims and premium activity, reconcile records, and facilitate review processes with clients and reinsurers.
Utilize KPIs and system tools to manage receivables, funding, reporting, and transactional processes efficiently, ensuring compliance and service excellence.