Marsh McLennan

Reinsurance Specialist

Marsh McLennan • $90K — $110K *
Philadelphia, PA 19120Hybrid
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years in insurance, reinsurance, or risk management; 2 years specifically in reinsurance.
  • Bachelor's degree or equivalent experience.
  • Proficient in Microsoft Office (Word, Excel, PowerPoint).
  • Strong attention to detail.
  • Experience working in high-performance teams and managing client expectations.
  • Excellent communication and negotiation skills.

Responsibilities

  • Manage complex client portfolios and ensure accurate premium processing.
  • Provide detailed accounting and claims information to support sales and negotiations.
  • Build and maintain relationships with brokers and clients for effective issue resolution.
  • Participate in team meetings to share knowledge and improve processes.
  • Mentor and train junior colleagues in operational practices.
  • Coordinate and facilitate reinsurance audits and claims reviews.
  • Utilize KPIs and system tools for efficient process management.

Benefits

  • Hybrid work arrangement with a requirement of three in-office days.
  • Opportunity for professional development and mentorship.
  • Supportive team environment with a focus on collaboration and knowledge sharing.
Full Job Description
Description:

We are seeking a talented individual to join our team at Marsh Re. This role will be based in Philadelphia, PA. This is a hybrid role that has a requirement of working at least three days a week in the office.

This role is responsible for managing complex portfolios, including processing all technical transactions related to excess loss, pro rata, or facultative reinsurance, such as coverage assessment, premium and loss transactions, and cash disbursements. Additionally, provide guidance and training to less experienced colleagues and perform leadership and business support duties as assigned by the team or department manager.

We will count on you to:
  • Manage a complex client portfolio, ensuring accurate processing of premiums, client activity, and timely follow-up, while supporting collection and cash application initiatives. Ensure timely settlement of funds, adhering to all payment warranties and contractual conditions, and collaborate with market fiduciaries and collections teams as needed.
  • Provide detailed information on client-specific accounting and claims activities to support sales opportunities and reinsurance negotiations. Request and maintain collateral requirements for clients.
  • Build and maintain strong relationships with brokers, clients, markets and claim professionals to resolve issues, review practices, and facilitate effective communication.
  • Participate actively in team and department meetings, sharing knowledge, contributing to process improvements, and fostering strong working relationships.
  • Support and mentor less experienced colleagues, lead or participate in training sessions, and contribute to the development of operational processes and technology solutions.
  • Coordinate reinsurance audits, review claims and premium activity, reconcile records, and facilitate review processes with clients and reinsurers.
  • Utilize KPIs and system tools to manage receivables, funding, reporting, and transactional processes efficiently, ensuring compliance and service excellence.


What you need to have:
  • 5+ years of professional experience in insurance, reinsurance, or risk management (with a minimum of 2 years of reinsurance experience).
  • Bachelor's degree or equivalent work experience.
  • Proficient in Microsoft Office applications (Word, Excel, PowerPoint) with strong attention to detail.
  • Proven ability to work effectively in high-performance teams, managing workload to meet client and stakeholder expectations.
  • Excellent communication and negotiation skills, with the ability to deliver clear messages and promote the Guy Carpenter brand.
  • Capable of making sound independent judgments, providing effective solutions, and mentoring colleagues to ensure superior client service.


What makes you stand out:
  • Proven track record in successful client account and relationship management, with strong verbal and written communication skills for complex interactions.
  • Familiarity with contract law, regulatory controls, and general business trends, along with previous knowledge of reinsurance and insurance concepts preferred.


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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