Risk Analyst - College Program 2027

Marsh McLennan • Boston, NY

4d • Hybrid

About The Position

This role is an entry-level position within the reinsurance Broker career track at Marsh Re. Risk Analysts will gain exposure to the firm's business and the reinsurance industry, developing key communication, analytical, marketing, and sales skills. The role involves analyzing client data, creating reinsurance submissions, and coordinating broking placement activities. Responsibilities also include assisting in the preparation of presentations on industry trends and client solutions, supporting senior brokers with client relationship management and sales efforts, and conducting market research and financial analysis for clients. The program includes a comprehensive curriculum focused on networking and collaboration, with the goal of training Risk Analysts for an Account Executive role as their careers progress. Risk Analysts are integral to Marsh Re's broking teams, contributing to client reinsurance program renewals and learning all aspects of the industry.

Requirements

• Fully matriculated student pursuing a Bachelor's degree is required with an expected graduation date of December 2026 or Spring 2027
• Good computer skills using Microsoft Office (Excel, Word, PowerPoint)
• Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

Nice To Haves

• Relevant work experience is a plus
• Strong interpersonal skills for establishing and maintain good client, reinsurer, and internal relationships
• Strong analytical and quantitative skills
• Strong written and verbal communication skills
• Ability to work under pressure and to meet deadlines
• Ability to work flexibly as part of multiple teams and autonomously
• Ability to juggle changing priorities and varied workload

Responsibilities

• Gain exposure to the firm’s business and knowledge of the reinsurance industry as they develop key communications, analytical, marketing and sales skills.
• Analyze client data and create reinsurance submissions while also developing the functional skills required to coordinate all broking placement activities of the account.
• Assist in organizing and preparing presentations which explain industry trends, discuss client options and recommend strategic solutions to meet client goals.
• Assist the senior brokers with client relationship management and sales efforts.
• Providing the brokers with market research and financial analysis for current and prospective clients.
• Develop competencies through a comprehensive and engaging curriculum centered around networking and collaboration.
• Data collection and analysis in building reinsurance submission for client assignments
• Assist in renewing reinsurance programs.
• Provide brokers with research analysis as needed
• Update Brokers on issues, progress etc, regularly and upon request
• Assist in responding to client queries and concerns, resolving issues promptly
• Assist in monitoring accountings, (premium payments, loss collections, etc) anticipating and preventing problems when possible
• Assist with broker review on contract documentation, ensuring contract drafter has accurately captured terms and conditions of placement
• Assist in timely production of contract documentation and follow-up, ensuring timely flow of materials
• Assist with scheduling of reinsurer audits and visits with client
• Maintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc) with the help of Market Information Department and Market Reference Guide
• Analyze client risk and develop and present recommendations
• Develop broking and functional skills
• Understand all best practice procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Marsh Re
• Follow all best practice procedures and compliance requirements, including but not limited to building a complete placement file as the placement progresses to minimize errors & omissions
• Assist brokers in designing new programs for clients’ unmet needs
• Respond to client requests for information (reinsurer, financial reports, industry issues, etc), as directed by senior broker, coordinating with Market Information and other departments as necessary, and clearing with senior broker

Benefits

• professional development opportunities
• interesting work
• supportive leaders
• vibrant and inclusive culture
• range of career opportunities
• benefits and rewards to enhance your well-being

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level