VP, Broking

Marsh McLennan • Edina, MN

88d • $104,500 - $228,000 • Hybrid

About The Position

We are seeking a talented individual to join our Broking Team. This role will be based in Edina, Minnesota. This is a hybrid role that has a requirement of working at least three days a week in the office. As part of our team, you will be responsible for reviewing risk analyses from junior Brokers and developing innovative solutions for complex client needs. You will work with clients and markets on complex programs and negotiate reinsurance transactions, ensuring prompt resolution of client and market queries to maintain satisfaction. Additionally, you will oversee the production of account documents and assist in identifying opportunities to win new clients and opportunities. This role involves handling assignments independently and collaborating with senior Brokers on larger client accounts.

Requirements

• Broad knowledge of medical malpractice coverage lines, markets, and specialized products.
• Strong analytical and problem-solving skills.
• Excellent communication and negotiation abilities.

Nice To Haves

• Experience in reinsurance brokerage (underwriter or broker).
• Understanding of the risks associated with the healthcare industry, and specifically medical malpractice.
• Familiarity with contract documents and financial statements.
• Ability to educate clients on terms and conditions of Reinsurance Contracts.

Responsibilities

• Review work from Junior Brokers and develop innovative solutions and approaches for client needs.
• Advise clients on complex risks and negotiate transactions for clients.
• Respond to client queries and resolve issues promptly.
• Oversee the production of account documents and follow-up on documentation.
• Independently handle assignments and may also assist more senior-level Brokers in serving larger or more complex clients.
• Identify and pursue opportunities to win new clients and opportunities.
• Establish and maintain strong relationships with re insurers, clients, and colleagues.
• Demonstrate a broad knowledge of coverage lines, markets, and other more specialized products to better serve clients.
• Analyze reinsurance contract documents.
• Assist the Client in understanding the terms and conditions of Reinsurance Contracts.
• Check financial statements for insurance and reinsurance industries with specific knowledge of unique financial metrics.

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: Senior
• Industry: Insurance Carriers and Related Activities