Posted in

Reinsurance Placement Assistant

Reinsurance Placement Assistant

CompanyMarsh & McLennan
LocationPhiladelphia, PA, USA
Salary$Not Provided – $Not Provided
TypeFull-Time
DegreesBachelor’s
Experience LevelMid Level, Senior

Requirements

  • 3+ years of professional/business work experience.
  • Advanced Microsoft Excel skills, including proficiency in formulas, charts, and graphs.
  • Strong analytical abilities to interpret results and draw relevant conclusions for review by others.
  • Excellent interpersonal skills for building and maintaining relationships with clients, reinsurers, and internal teams.
  • Strong verbal and written communication skills, with a keen attention to detail in a fast-paced environment.
  • Proactive in identifying and anticipating recurring tasks, while effectively prioritizing workload based on volume and urgency.

Responsibilities

  • Review and update annual renewal exhibits based on client data submitted during the placement/renewal process, providing analysis of trends and potential data issues.
  • Learn and navigate company systems for setting up/renewing programs, creating submissions, selecting approved markets, and managing quotes and authorizations.
  • Track the placement status of assigned accounts and follow up with brokers for necessary updates and information.
  • Communicate with clients and/or markets during the placement process as needed.
  • Draft and secure broker sign-off on renewal requests, marketing lists, placement updates, and post-placement communications using company templates and disclaimers.
  • Assist brokers by researching financial statements, product lines, geographic exposures, and current reinsurance program information.
  • Interface with other departments to provide client data for modeling, research claim or premium issues, and facilitate contract negotiation.
  • Manage contract documents by reviewing and ensuring all executed documents are obtained and tracked appropriately.

Preferred Qualifications

  • 2+ years of experience in a reinsurance intermediary firm, with a background in reinsurance underwriting support.
  • Bachelor’s degree and/or relevant professional designations such as CPCU, CLU, ARM, or ARe.
  • Proficient in Power BI and PowerPoint, with a strong orientation towards procedural compliance.