Marsh McLennan

Associate II - Placement Specialist

Marsh McLennan • $92K — $197K *
New York, NY 10025Hybrid
Finance & Insurance
5 - 7 years of experience
Yesterday
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Job Overview by Ladders

Qualifications

  • 5-8 years of industry experience required.
  • Property & Casualty license must be obtained within 6 months if not currently held.
  • Bachelor's degree preferred.
  • Strong relationship-building skills with colleagues, clients, and carriers.
  • Self-starter with resourcefulness and solution-oriented mindset.

Responsibilities

  • Develop placement strategies utilizing risk expertise for complex client needs.
  • Guide pricing strategies to support client retention and business growth.
  • Build and maintain relationships with carriers and underwriters for cohesive client service.
  • Audit commission structures with underwriters as per client agreements.
  • Stay informed on insurance market changes and communicate relevant information to stakeholders.
  • Participate in developing new products to address complex client needs.
  • Lead technical support for accounts, ensuring compliance and accurate record-keeping.
  • Analyze and recommend carrier quotes for client coverage specifications.

Benefits

  • Gain exposure to key stakeholders and build strong business connections.
  • Opportunity for long-term growth in a dynamic business unit.
  • Make an immediate impact on business support and growth.
  • Exceptional benefits and great time off options.
Full Job Description
Company:
Marsh Risk

Description:

Marsh is seeking candidates for our open Associate II - Placement Specialist

What can you expect:
  • Becoming a member of Marsh's best in class Qualified Solutions Group (QSG)Casualty team who delivers expert broking & strategy solutions to help manage risk with confidence.
  • In this Placement Specialist role, you will develop an understanding of the clients' business strategic priorities, risk strategies and risk management needs to help provide knowledge and advice to complex clients.
  • Develop risk & industry specific knowledge in the Communications, Media, Technology and Life Sciences segments.
  • Builds and maintains relationships with underwriters, and is involved in the placement of sophisticated insurance programs
  • Helps identify the need for new products and develops innovative solutions for clients.
  • Completes policy management activities and delivery of reviewed policy to client and helps address client inquiries as necessary.
  • Delivers technical expertise in the delivery and presentation of RFP's


What's in it for you?
  • Gain exposure to key stakeholders and have the ability to make strong business connections.
  • An opportunity for long term growth within a dynamic and growing business unit.
  • Ability to make an immediate impact to support our book of business and growth of the organization.
  • Exceptional benefits, great time off and additional perks that come with working at Marsh.


We will count on you to:
  • Instruct placement strategy by utilizing risk expertise and knowledge of industry and carriers to develop placement solutions that meet complex client needs.
  • Develop methods for the go-to-market strategy and provides input on pricing of services supporting client retention and new business production.
  • Guide strong working relations with carriers and or underwriters to create innovative approaches to unique client needs and provide cohesive client service.
  • Audit and finalize commission structure with underwriters in accordance with client direction and agreement.
  • Achieve a thorough understanding of changing insurance, risk market conditions, and inform client teams, clients and carriers of major developments affecting various types of coverage.
  • Apply advanced knowledge to the firm's product lines by active participation in internal networks.
  • Devise new products and innovative solutions that address complex client needs.
  • Lead complex placement/technical support activities on accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required
  • Consult management on highly complex client issues or trends through clear and concise communication and drives development.
  • Develop strong working relations with carriers and or underwriters.
  • Submit coverage specifications and obtain quotes from carriers, ensure that coverage is bound and be responsible for the accuracy of bound programs.
  • Receive and analyze quotes from carriers and provide analysis and recommendations.


What you need to have:
  • 5-8 years industry experience


  • Property & Casualty license is a must, or ability to obtain license within 6 months of your start date
  • Bachelors' degree preferred


What makes you stand out?
  • Ability to build strong relationships and build rapport with internal colleagues, clients and carriers.
  • Self-starter, resourcefulness with the ability to bring solutions and ideas to the firm.
  • Being able to be part of a collaborative team and feel that you can make an immediate impact.
  • Having an interest in how you fit in with achieving the practice's goals and an interest in how to meet those goals.


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
Finance & Insurance
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ
MMC
* Ladders Estimates

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