Senior Property Advisor

Marsh McLennan•San Francisco, CA

6d•$195,000 - $342,200•Hybrid

About The Position

Marsh USA LLC is seeking candidates for the following full-time position based in the San Francisco, CA office (A hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies.): Senior Property Advisor We will count on you to: Use information about market practices, pricing, and underwriting policies to match clients' insurance needs with appropriate carrier coverage. Coordinate with advisors and client executives to evaluate and select the best insurance carrier coverage quotes for clients. Formulate placement strategy by utilizing risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs. Devise go-to-market strategy, advocate for the value of placement function, and participate within pricing of services as applicable. Instruct the submission of coverage specifications and obtain quotes from carriers based upon the "assist, advise, and assume" transaction model. Consult with client executives and client teams to support client retention and new business production. Inspect the binding of coverage and ensure accuracy of placement binders. Drive and build relationships with practice, insurance markets, clients, carriers, and/or underwriters to provide cohesive client service. Keep up to date on changing insurance and risk management market conditions and inform client executives, client advisors, and/or clients of major developments affecting various types of products/coverage. Lead complex placement/technical support activities on big accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, and maintaining accurate placement system entries, to ensure contract execution as required. What you need to have: Must have a Bachelor's degree or foreign equivalent in Business Administration, Economics, or a related field plus four (4) years of experience with property and casualty (P&C) insurance placement in the position offered, as an International Broker, Placement Specialist, or a related position. Must have four (4) years of experience with all of the following: Forecasting changing insurance and risk management market conditions and informing client executives, client advisors, and clients of major developments affecting products and coverage; Global risk management including loss prevention and risk control; Matching client risk needs with suitable insurance products, performing underwriting risk assessment and facilitating clients' interactions regarding claims for various insurance products, property indemnity, catastrophe bonds, and parametric products; Negotiating to secure competitive premiums and coverage terms with insurance carriers, considering applicable laws, regulations, and market trends nationally and internationally; Identifying gaps in existing coverage to match emerging risks; Analyzing existing data to recommend optimized insurance solutions. 10% domestic and international travel is required to various and unanticipated company and client sites. The applicable base salary range for this role is $195,000 - $342,200 per year. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs. #LI-DNI Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X. Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected]. Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person. Click here to return to the Marsh Careers Site Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com, or follow us on LinkedIn and X.

Requirements

Must have a Bachelor's degree or foreign equivalent in Business Administration, Economics, or a related field plus four (4) years of experience with property and casualty (P&C) insurance placement in the position offered, as an International Broker, Placement Specialist, or a related position.
Must have four (4) years of experience with all of the following: Forecasting changing insurance and risk management market conditions and informing client executives, client advisors, and clients of major developments affecting products and coverage; Global risk management including loss prevention and risk control; Matching client risk needs with suitable insurance products, performing underwriting risk assessment and facilitating clients' interactions regarding claims for various insurance products, property indemnity, catastrophe bonds, and parametric products; Negotiating to secure competitive premiums and coverage terms with insurance carriers, considering applicable laws, regulations, and market trends nationally and internationally; Identifying gaps in existing coverage to match emerging risks; Analyzing existing data to recommend optimized insurance solutions.
10% domestic and international travel is required to various and unanticipated company and client sites.

Responsibilities

Use information about market practices, pricing, and underwriting policies to match clients' insurance needs with appropriate carrier coverage.
Coordinate with advisors and client executives to evaluate and select the best insurance carrier coverage quotes for clients.
Formulate placement strategy by utilizing risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs.
Devise go-to-market strategy, advocate for the value of placement function, and participate within pricing of services as applicable.
Instruct the submission of coverage specifications and obtain quotes from carriers based upon the "assist, advise, and assume" transaction model.
Consult with client executives and client teams to support client retention and new business production.
Inspect the binding of coverage and ensure accuracy of placement binders.
Drive and build relationships with practice, insurance markets, clients, carriers, and/or underwriters to provide cohesive client service.
Keep up to date on changing insurance and risk management market conditions and inform client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.
Lead complex placement/technical support activities on big accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, and maintaining accurate placement system entries, to ensure contract execution as required.