Insurance Placement Specialist
1 month ago
What can you expect:
The successful candidate will be required to work closely with Marsh colleagues (mainly in our Commercial Practice) on the implementation of placement strategy for client's insurance programs. You will build and maintain strong relationships and develop strategic partnerships with key insurance carriers within the region, negotiate with insurers to achieve the best terms whilst delivering a first class service for clients.
What you will be rewarded with:
Our employees enjoy excellent benefits such as:
- Competitive salary with annual review
- Up to 12% pension contribution
- Healthcare cover
- Study Support
- Flexible working arrangements
- Sports & Social clubs/Wellness Programme
- Paid annual leave and ability to purchase additional leave days
- Travel ticket/bike to work/dental are optional
- Subsidised canteen
- 35 hour working week
We will rely on you to:
- Negotiate renewals and new business cases with the insurance market to obtain the best terms possible including complex or difficult cases
- Understand the business needs, insurance requirements and risk management strategy of our clients and convey to insurers
- Undertake appropriate research and analysis to select markets and and where required assist in the design of insurance programmes to meet the client's requirements
- Provide recommendations and advice on placement strategy, programme structure and market conditions including occasional presentations to clients where appropriate
- Provide regular updates to the Client Service teams on progress of insurer negotiations
- Fully document all quotations received and advise the Client Servicing team of all conditions
- Act as a referral point for the resolution of complex insurer queries
- Host client and insurer meetings in partnership with the client service team as required
- Support the Team Leader in management functions as required
- Ensure operational procedures are followed and can be demonstrated at all times
- Develop and maintain strong working relationships with insurers and seek feedback on Marsh's service through ongoing dialogue
- Working to and meeting tight deadlines for the delivery of insurance terms for clients/prospects
What you will need to have:
- Proven experience of insurance broking /placement or underwriting for commercial/corporate accounts - essential
- Awareness of Clients' business, their business issues, insurance programmes and service plans
- Strong communication skills
- Ability to work under pressure and to meet tight deadlines
- Flexible and team player
- Excellent insurer trading & negotiation skills
- Excellent verbal and written communication skills
- Ability to maintain clear lines of communication with various internal and external stakeholders
- Ability to identify areas to improve efficiency, accuracy and analysis and suggest ways of improvement
- Proven relationship management experience with a strong insurer/broker network of contacts
- Excellent organisational skills with the ability to manage multiple enquiries simultaneously
- Fully Competent in Microsoft Office Products (Word, Excel, PowerPoint, Outlook)
- Fully qualified CIP
What makes you stand out:
- Strong experience in insurance
- A degree in Business Studies or a related discipline (desirable)
- Fully qualified ACII - desirable
MARSH
Marsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annualized revenue approaching $17 billion. Through its market-leading businesses, including Mercer, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment.
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients regardless of their gender expression or identity, marital or civil partnership status, ethnic origin, nationality, age, background, disability, sexual orientation or beliefs. We are proud of our inclusive culture where everyone feels empowered to bring their whole selves to work and thrive.
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