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Specialist II - Specialties Broking (New York)

Specialist II - Specialties Broking (New York)

Marsh McLennanNew York, NY, US
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Specialist II - Specialties Broking

Guy Carpenter & Company LLC is seeking candidates for the following full-time position based in the New York, NY office (a telecommuting / hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies.) :

We will count on you to :

  • Design new reinsurance programs for US Marine and Energy clients' needs, placing business with client-approved reinsurers.
  • Manage the preparation and presentation of research, risk analysis, client and reinsurer presentations, the preparation and execution of formal documentation, and manage all related accounting, claims and contract issues.
  • Prepare budget and revenue projections.
  • Develop and present new and renewal presentations to US Marine & Energy clients, and to reinsurers.
  • Design programs for new clients, meeting with them to establish and grow relationships with them.
  • Respond to client queries and concerns in a timely manner, resolving any issues which may arise, coordinating with other departments as necessary.
  • Respond to client requests for information (reinsurers' financial reports, industry issues, etc.) coordinating with other departments as necessary.
  • Manage US Marine and Energy Facultative submissions and placements for various treaty clients and prospects.
  • Monitor and follow-up on contract documentation and accounting (premium payments, collections etc.), liaising with the appropriate service departments to ensure proper levels of service and a timely flow of the business process.
  • Leverage various Guy Carpenter systems and propriety platforms to provide clients, prospects and colleagues with a cohesive experience.
  • Attend key US marine and energy (re)insurance conferences and seminars.
  • Establish and maintain strong relationships with clients, reinsurers and colleagues.
  • Maintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc).
  • Update management on issues and progress regularly.

What you need to have :

  • Must have a Bachelor's degree or foreign equivalent in any field plus nine (9) years of progressively responsible post-baccalaureate experience in the position offered or a related position.
  • Must have nine (9) years of reinsurance broking experience with all the following : Placement of reinsurance programs for US client base, including the following lines of business in the sector : Cargo, Hull, Marine Liabilities, War, Inland Marine, and Yacht; Designing programs, pricing, and coverage requirements for specific lines (including but not limited to Cargo, Hull, Marine Liabilities, War, Inland Marine, and Yacht) of Marine & Energy business whether placed individually or on a composite basis; Building and establishing relationships with both carriers and reinsurers specializing in the US marine and energy sector; Maintaining comprehensive knowledge of reinsurer capabilities to determine most appropriate partners for clients; Analyzing portfolio data to determine optimal program design, pricing, and coverage for client portfolio; Designing reinsurance program structures considering the motivations and underlying drivers of how insurance companies in the US purchase reinsurance; Using Microsoft Excel, PowerPoint, and Word to analyze portfolios and create presentations for clients and reinsurers.
  • 30% domestic and international travel is required to various and unanticipated company and client sites and conferences.
  • The applicable base salary range for this role is $175,000 - $225,000 per year.

    The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

    We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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    Specialist Specialist • New York, NY, US