Marsh McLennan

Associate II - Placement

Marsh McLennan$83K — $133K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in insurance placement activities with a focus on construction projects.
  • Strong knowledge of insurance markets and risk evaluation.
  • Excellent communication skills for client interaction and support.
  • Ability to maintain detailed and accurate records within placement systems.
  • High digital literacy, particularly in MS Office applications.

Responsibilities

  • Review and process new project applications and issue quotes as needed.
  • Bind coverage and ensure policy documentation accuracy.
  • Manage extensions and adjustments for ongoing project placements.
  • Develop proficiency in underwriting authority requirements.
  • Maintain quality control checks for accuracy in placements.
  • Establish and nurture relationships with client service teams and insurance markets.
  • Investigate and reconcile account queries.

Benefits

  • Comprehensive health and welfare benefits.
  • Tuition assistance for professional development.
  • Retirement programs to support future planning.
  • Employee assistance programs for personal and professional support.
Full Job Description
We are seeking a talented individual to join our Construction Placement team at Marsh. This role would be based in Toronto or Vancouver or additional locations. This is a hybrid role that has a requirement of working at least three days a week in the office, in line with Marsh's hybrid working approach. In this role, you will support the underwriting and delivery of construction project portfolio solutions that meet client needs by partnering closely with client teams and insurance markets. You will apply strong technical underwriting knowledge and contribute to retention and new business outcomes through accurate, timely, and compliant placement activity. We will count on you to: • Review and process new project applications and issue indications, quotes and reports as required. • Bind coverage and be responsible for the accuracy of policy documentation and transmittal • Manage extensions and final adjustments for ongoing project placements. • Develop proficiency with delegated underwriting authority and underwriting requirements. • Maintain quality controls and checking work for accuracy. • Create and maintain relationships with internal client service teams and insurance markets to provide cohesive client service. • Investigating and reconciling account queries. • Raising complex items to team leaders. What you need to have: • Experience supporting placement activities, including submissions, marketing to carriers, and binding coverage, with strong attention to detail and accuracy. • Knowledge of insurance markets/carriers and the ability to apply risk and industry expertise to develop appropriate placement solutions. • Strong communication skills to interface closely with client executives and client teams in support of retention and new business production. • Ability to follow placement procedures and maintain accurate placement system entries. • High level of digital literacy, focusing on MS Word, Excel, Outlook and Teams. What qualifications are necessary to have for the role? • Demonstrated ability to drive placement/technical support activities across all placements (e.g., procedural compliance, reviewing data, updating exhibits, maintaining accurate system entries). • Ability to communicate clearly and concisely and participate in developing solutions. • Strong organizational and analytical skills, with the ability to manage a large volume of placements, competing deadlines, prioritize effectively and adapt to changing needs What makes you stand out: • Strength in building and sustaining relationships across practice teams and markets to deliver cohesive client service. • Experience in underwriting, particularly including Lloyd's capacity and Coverholder arrangements • Technical underwriting knowledge of construction projects The applicable base salary range for this role is $83,800 to $133,800. 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, retirement programs as well as employee assistance programs. This is a Replacement position.

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

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