Associate Placement Specialist at Marsh & McLennan Companies

Posted in Other 4 days ago.

Location: New York, New York





Job Description:

Assesses risk expertise and knowledge of industry and carriers to help develop placement solutions that meet client needs.


Implements the Placement strategy to achieve growth goals and provide exceptional client service.


Documents all activities in the system to ensure timely follow up by client, carriers and client team.


Assists in the management of submitting coverage specifications and obtains quotes from carriers based upon the "assist, advise, and assume" transaction model.


Improves relationships with carriers, underwriters and client team to provide cohesive client service.


Forecasts and confers a basic understanding of changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.



What can you expect?



  • Be an integral member of a world leader's best in class placement team that delivers expert broking & strategic solutions to help manage risk with confidence

  • Build and maintain relationships with underwriters to manage the placement of insurance programs

  • Make an impact- your work will help people and businesses become more safe, secure and successful and you can create a career that matters

  • Take lead on complex placement/technical support activities on big accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required




What is in it for you?



  • Work in an inclusive, collaborative and innovative culture that embraces diversity

  • Exposure to key stakeholders and senior leadership and the opportunity to make strong business connections

  • Tremendous opportunity for long term growth within a dynamic and growing business




We will count on you to:



  • Devises the go-to-market strategy, advocates for the value of placement function and participates within pricing of services as applicable.

  • Instructs the submission of coverage specifications and obtains quotes from carriers based upon the "assist, advise, and assume" transaction model

  • Consults with client executives and client teams to support client retention and new business production

  • Inspects the binding of coverage and is responsible for the accuracy of placement binders

  • Drives and builds relationships with practice, insurance markets, clients, carriers and/or underwriters to provide cohesive client service.

  • Consults management on complex client issues or trends through clear and concise communication and participates in development of solutions.

  • Solid knowledge of market risk issues, insurance brokerage, account management, servicing and sales skills

  • Masters a detailed understanding of changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage

  • Formulates Placement strategy by utilizing substantial risk expertise and knowledge of industry and carriers to develop solutions that meet difficult client needs




What you need to have:



  • Experience and success working collaboratively in a matrix team environment

  • Education and Public Entity experience a nice to have

  • Attention to detail, excellent analytical ability and strong communication skills

  • Strong problem solving including critical thinking and communication skills

  • P&C license, or ability to obtain

  • Bachelors' degree preferred, but not required




What makes you stand out:



  • Experience in loss sensitive polices

  • 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


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