Placement Specialist - FINPRO
Marsh is seeking candidates for a Placement Specialist position on our FINPRO team in the New York City office. This is a hybrid role requiring at least three days a week in the office.
About the role
Build and maintain relationships with underwriters while placing sophisticated insurance programs. Identify the need for new products and develop innovative solutions for clients. Complete policy management activities, deliver reviewed policies to clients, and address client inquiries. Provide technical expertise in the delivery and presentation of marine portions of RFPs.
Responsibilities
- Manage and monitor the insured’s 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 provide 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 underwriter in accordance with client direction, Marsh Commission Yield Statements, and Facility agreements.
- 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.
- Contribute 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 big accounts, such as ensuring procedural compliance, reviewing data, updating annual renewal exhibits, and 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 that drives development.
- Develop strong working relations with carriers and/or underwriters. Submit coverage specifications, obtain quotes from carriers, ensure coverage is bound, and be responsible for the accuracy of bound programs.
- Receive and analyze quotes from carriers and provide analysis and recommendations.
Requirements
- 5+ years of industry experience.
- Commercial Brokerage and/or Underwriting Experience, preferably in financial lines of coverage.
- P&C license is required, or ability to obtain one.
- Bachelor’s degree preferred.
Preferred Qualifications
- Ability to build strong relationships and rapport with internal colleagues, clients, and carriers.
- Self-starter with resourcefulness and the ability to bring solutions and ideas to the firm.
- Collaborative team player who can make an immediate impact.
- Interest in aligning with the practice’s goals and contributing to achieving them.
- Experience participating in and being part of a high-performing team.
Benefits
Gain exposure to key stakeholders and make strong business connections. Opportunity for long-term growth within a dynamic and expanding business unit. Ability to make an immediate impact supporting our book of business and organizational growth. Exceptional benefits, generous time off, and additional perks.
- Health and welfare benefits.
- Tuition assistance.
- 401K savings and other retirement programs.
- Employee assistance programs.
Pay
The applicable base salary range for this role is $92,500 to $197,100. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. This position may also be eligible for performance-based incentives.
Schedule
Hybrid work schedule requiring at least three days per week in the office. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.