Marsh McLennan

Associate I - Placement

Marsh McLennan$72K — $154K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • College degree
  • 2+ years of relevant commercial lines insurance experience in a support capacity
  • Advanced proficiency in Microsoft Office applications
  • Strong organizational and multi-tasking skills
  • Excellent oral and written communication skills

Responsibilities

  • Lead placement and advisory efforts on a diverse portfolio of client accounts
  • Develop and execute renewal and placement strategies in collaboration with Placement Leaders and Client Executives
  • Manage coverage reviews and negotiate terms with underwriters
  • Ensure accurate documentation and timely follow-up of all placement activities
  • Assist with invoicing, billing and service line tax activities
  • Build and maintain strong partnerships with carriers and underwriters
  • Monitor market trends and regulatory changes to advise clients

Benefits

  • Remote and flexible work opportunities
  • On-the-job and computer-based training
  • Comprehensive benefits package from day one
  • Tuition reimbursement plan
  • Participation in Employee Stock Purchase Plan
  • Culture that encourages innovation and work-life balance
  • Engaging in challenging projects to enhance skills
Full Job Description
Description:

Placement Representative

If you're looking to expand your career with a global leader in Insurance Broking and Risk Management, this position is for you! Marsh has an exciting opportunity to join our organization as a Placement Specialist supporting the US Product Recall practice.

What can you expect?
  • This position is critical to successfully support mid-size to large middle market and risk management accounts
  • Remote and/or flexible work opportunities
  • You will receive on the job, computer based and side-by-side training to be successful and productive in this role
  • You will learn about insurance, risk management as well as building relationships within the business and outside with our partners.
  • Work alongside senior level highly experienced colleagues to gain experience and skill sets for professional growth

What's in It for You?
  • A company with a strong brand and strong results to match
  • Work with high-profile clients across diverse industries, gaining valuable exposure and experience
  • Competitive pay (salary and performance bonus potential), Full benefits package - starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND contribution).
  • Tuition Reimbursement plan per year and participation in our Employee Stock Purchase Plan
  • Thrive in a culture that encourages innovation, open communication, and work-life balance
  • Engage in challenging and rewarding projects that sharpen your placement and negotiation expertise


We will count on you to:
  • Lead placement and advisory efforts on a diverse portfolio of client accounts.
  • Develop and execute renewal and placement strategies in collaboration with Placement Leaders and Client Executives, aligned with client goals.
  • Manage coverage reviews and negotiate terms with underwriters to ensure alignment with client requirements.
  • Ensure accurate documentation and timely follow-up of all placement activities within internal systems.
  • Assist in submitting coverage specifications and policy management for follow up with underwriters and client team to provide cohesive client service.
  • Assist with invoicing, billing and service line tax activities.
  • Input placement data into system within specified timeframes and accurately.
  • Complete first check of policy and confirms policy language to support policy renewal process.
  • Document all placement activities in the system to ensure timely follow up by client, carriers and client team.
  • Assist in special projects within team.
  • Build and maintain strong partnerships with carriers, underwriters, and market contacts to enhance placement opportunities.
  • Monitor market trends and regulatory changes, advising clients and internal teams on impacts and opportunities.
  • Collaborate across Marsh teams to deliver integrated, client-focused solutions.

What you Need to Have:
  • College degree
  • 2+ years of relevant commercial lines insurance experience in a support capacity
  • Advanced Proficiency in Microsoft Office applications (e.g., Word, Excel, Power Point, Outlook) and the ability to learn proprietary applications/database
  • Strong organizational/multi-tasking skills
  • Excellent oral and written communication skills
  • Ability to handle multiple priorities in a fast-paced team environment


What Makes You Stand Out?
  • High attention to detail and collaborative skill set
  • Being a self-starter
  • Willingness to learn and be successful in the commercial insurance field


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 $27 billion and more than 95,000 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 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.

The applicable base salary range for this role is $72,500 to $154,300.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. 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.

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

Similar Jobs

More Jobs at Marsh McLennan

More Finance & Insurance Jobs

Find similar Associate I - Placement jobs: