Marsh McLennan

Associate Placement Specialist

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

Qualifications

  • College degree required
  • Preferred insurance industry experience
  • P & C license preferred or able to obtain within 12 months
  • Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook)
  • Ability to learn proprietary applications/databases

Responsibilities

  • Assist senior broker in developing renewal strategies
  • Build relationships with clients, underwriters, and team members
  • Consult management on complex client issues
  • Ensure compliance with professional standards during renewal transactions
  • Support client retention and new business through collaboration
  • Input placement data accurately and timely
  • Check policy language for renewal processes
  • Inspect binding coverage for accuracy

Benefits

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

Marsh is seeking candidates to join our Healthcare Placement team focused on medical professional liability based in our New York or Chicago office locations. 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 in conjunction with Marsh's healthcare client team to develop and execute medical professional liability renewal strategy, select (re)insurers to approach, negotiate broad coverage terms, produce and present program recommendations and complete documentation of all placement activities.
  • Foster relationships within your team, colleagues, clients, carriers 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 such as active participation in RFPs and coverage reviews
  • Coverage expertise to be able neg and drive optimal terms on behalf of our healthcare clients
  • Thorough review of all quotes, binders, and policies to ensure accuracy of coverage placed
  • 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
  • 3-6 years of insurance industry or relevant experience
  • P&C licensed, OR ability to obtain within 3 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:
  • Medical professional liability experience
  • Ability to work in teams and cultivate relationships
  • Analytical thinker and problem solver
  • Intellectual curiosity and a growth mindset
  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
  • Demonstrated leadership skills or has taken initiative within school, work and/or community
  • Attention to detail
  • Strong organizational/multi-tasking skills
  • Excellent oral and written communication skills


Why join our team:
  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.


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

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