Insurance Placement Specialist

4 weeks ago

Valley Center, Kansas, United States Marsh LLC Full time
Placement Specialist - Business Insurance

Award-winning, inclusive, and Top Workplace culture is the result of hard work by extraordinary people. Our team of over 11,000 industry professionals drives our efforts to deliver purposeful work and meaningful impact every day.

Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 200 offices across North America, we combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh McLennan (NYSE: MMC).

A Day in the Life

As a Placement Specialist on our Business Insurance team, you will:

  • Collaborate with the Placement Team on assigned accounts, providing strategic guidance during discussions and supporting other accounts as requested.
  • Work with the Service Team to prepare submissions and obtain necessary documentation, including specifications, loss records, and summary reports, to better serve clients.
  • Provide strategic guidance to the Marketing Team and Producers on market placement, program design, market conditions, and recommended coverages for the industry class.
  • Participate in Strategy, Renewal, and Large Account Meetings and be available for client meetings as requested by Producers.
  • Submit documents to various markets or rates independently on their websites to secure quotes, negotiate terms and conditions to provide the best coverage and price, and work to further the partnership relationship with all carriers.
  • Assist with analyzing coverage, comparing quotes from markets, reviewing existing client insurance and risk programs, and preparing proposal components to better serve clients.
  • Communicate effectively with markets, Producers, and teams to manage expectations and provide realistic timelines to teams and clients.
  • Process necessary documentation and follow up on outstanding documentation with the appropriate party to ensure the smooth continuation of the Placement process.
  • Request and oversee follow-up for changes from underwriters and review coverage specifications to be submitted to carriers/underwriters to ensure they are accurate.
  • Assist on new and renewal placement, providing insight into retention strategy on renewal accounts to provide options to clients and retain the business.
Our Ideal Candidate

We're looking for a seasoned individual contributor with a minimum of 5+ years of experience. The ideal candidate will have a strong track record of:

  • Working independently under moderate supervision for routine situations.
  • Providing assistance and training to lower-level employees.
  • Handling problems that are not typically routine, requiring analysis to understand.
  • Making minor adjustments to working methods and independently developing solutions to problems.
  • Explaining practices, procedures, and policies to reach agreement with others outside of the job area.
  • Presenting well to clients and teams and managing expectations effectively around marketing results and timeline.
  • Maintaining appropriate market knowledge for placement and conditions of market for recommendations.
  • Working well within the Marketing Team to get all account duties completed in a timely manner.
Valuable Benefits

We value and respect the impact our colleagues make every day, both inside and outside our organization. We've built a culture that promotes colleague well-being through robust benefit programs and resources, encourages professional and personal development, and celebrates opportunities to pursue the projects and causes that give colleagues fulfillment outside of work.

Some benefits included in this role are:

  • Generous time off, including personal and volunteering.
  • Tuition reimbursement and professional development opportunities.
  • Hybrid work.
  • Charitable contribution match programs.
  • Stock purchase opportunities.

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