Marsh McLennan

Associate Placement Specialist

Marsh McLennan • $72K — $154K *
Chicago, IL 60629Hybrid
Finance & Insurance
Less than 5 years of experience
2 days ago
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • College degree required
  • Preferred insurance industry experience
  • P&C license preferred or able to obtain within a year
  • Proficient in Microsoft Office Suite
  • Ability to learn proprietary applications/databases

Responsibilities

  • Assist in developing client renewal strategies with senior brokers
  • Build relationships with team members, clients, and carriers
  • Consult on complex client issues and solutions
  • Ensure compliance of client renewal transactions
  • Assist with policy management and coverage specifications
  • Input placement data accurately and in a timely manner
  • Verify accuracy of policy language and binding processes

Benefits

  • Health and welfare benefits
  • Tuition assistance
  • 401K savings and retirement programs
  • Employee assistance programs
Full Job Description
Company:
Marsh Risk

Description:

Marsh is seeking candidates to join our Casualty Healthcare Placement team based in our New York or Chicago office location. This is a hybrid role that has a requirement of working at least three days a week in the office.

What can you expect:
  • Work alongside a senior placement broker to assist in all aspects of a client's insurance program including the development of a renewal strategy; ensuring a completed submission and sending to market; negotiating broad coverage terms; documenting all placement activities to ensure timely follow up by client, carriers and client team.
  • Build relationships within your team, colleagues, insurance markets, clients, carriers and/or underwriters to provide cohesive client service.


We will count on you to:
  • Consult management on complex client issues or trends through clear and concise communication and participate in development of solutions
  • Ensure client renewal transactions are compliant with professional standards.
  • Assist in special projects within team.
  • Consult with client executives and client teams to support client retention and new business production
  • Assist in submitting coverage specifications and policy management for follow up with underwriters and client team to provide cohesive client service.
  • Input placement data into system within specified timeframes and accurately.
  • Complete first check of policy and confirm policy language to support policy renewal process.
  • Inspect the binding of coverage and is responsible for the accuracy of placement binders
  • Work towards:
    • A solid knowledge of market risk issues, insurance brokerage, account management, servicing and sales skills
    • A detailed understanding of changing insurance and risk management market conditions


What you need to have:
  • College degree
  • Insurance industry experience preferred
  • P & C licensed preferred, OR able to obtain within 12 months of employment
  • Proficiency in Microsoft Office applications (e.g., Word, Excel, Power Point, Outlook) and the ability to learn proprietary applications/databases


What makes you stand out:
  • Ability to work in teams and cultivate relationships.
  • Analytical thinker and problem solver.
  • Intellectual curiosity and a growth mindset
  • Demonstrated leadership skills or has taken initiative within school, work and/or community
  • Ability to handle multiple priorities in a fast-paced team environment
  • Strong ability to forge relationships
  • Attention to detail
  • Strong organizational/multi-tasking skills
  • Excellent oral and written communication skills


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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Marsh McLennan

More Finance & Insurance Jobs

Find similar Associate Placement Specialist jobs:

NationwideChicago, IL