RFP Analyst

Marsh McLennan • Conshohocken, PA

171d • $47,700 - $76,200 • Hybrid

About The Position

Marsh McLennan Agency's East Region is a leader in the employee benefits marketplace. Our associates simplify employee health and welfare benefits and risk management for regional, national, Fortune 500 and Fortune 1000 companies. We value integrity, collaboration, passion, innovation, and accountability, and we are committed to making a difference in the moments that matter for our colleagues, clients, and communities. The primary role of the RFP Analyst is to work with the account teams to market lines of coverage for consulting clients.

Requirements

• Bachelor's Degree in Risk Management, Insurance, Actuary, Mathematics and/or other related field is required.
• Minimum of 3 years experience in the Benefits Brokerage, Consulting, or Insurance industry is preferred with an emphasis on Life & Disability.
• Intermediate working knowledge of MS Excel is required (i.e. ability to perform pivot tables, macros, and intermediate formulas).
• Effective analytical, math and problem solving skills, sound judgment, strong decision making ability, confidence to make difficult decisions and excellent communication skills.
• Must be organized, detail oriented and able to translate big picture ideas into client objectives.

Nice To Haves

• Strong organizational, analytical skills and strong attention to detail.
• Excellent troubleshooting, decision making and problem solving skills.
• Must have strong negotiation and persuasion skills.
• Must be a goal oriented self-starter.
• Solid interpersonal, verbal and written communication skills.
• Ability to work well independently and as a team member.
• Ability to multitask and successfully operate in a fast-paced work environment.
• Ability to prioritize projects and meet deadlines.
• Ability to follow through on and successfully execute tasks while adhering to specified quality standards.
• Demonstrated ability to provide superior customer service and maintain positive relationships with client contacts.
• Proficiency in Microsoft Office Suite, including MS Word (intermediate), Excel (advanced) and Access (intermediate).
• Proficiency in use of PC such as keyboard skills and electronic folder/file organization and management.
• Aptitude for learning internal systems, applications and internal work flow of the department.
• Must be able to effectively interact and deal with people at all levels inside and outside of the company.

Responsibilities

• Perform underwriting and financial analysis support for internal account teams and their respective consulting clients.
• Responsible for clients' benefits marketing process, including: data acquisition, request for proposal (RFP) preparation, vendor question resolution, proposal review and analysis, negotiation with carriers, and client exhibit and presentation preparation.
• Tracking and documentation of RFP process from drafting RFP to final decision confirmation.
• Validate renewals and proposals for accuracy.
• Use specified technology platform to release RFPs and receive/analyze proposals.
• Maintain quality service standards and organization to assure timely service to MMA team.
• Research and remain abreast of the dynamic, competitive insurance environment, new and complex insurance projects, appropriate underwriting techniques and constantly changing legislation that governs business.
• Contribute to defining and implementing systems, workflows, standards and best practices that support the establishment and growth of the centralized marketing team.
• As part of the centralized marketing team, help plan and implement a mid-to-long term strategy to improve the utilization of the unit across all business practices and lines of coverage.
• Participate in special underwriting and operations projects as needed.

Benefits

• Health and welfare benefits
• Tuition assistance
• 401K savings and other retirement programs
• Employee assistance programs

What This Job Offers

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