Marsh & McLennan Sr. Cyber Placement Specialist in Chicago, Illinois

Position Summary:

Works with Placement Team Leader for placement of a client’s risk within the insurance and risk marketplace. Delivers marketing results to Client Team. Involved in communications and presentations with clients in collaboration with Client Team as needed.

  • Uses significant risk expertise and knowledge of industry and carriers to develop placement solutions that meet client needs.

  • Implements the Placement strategy to achieve growth goals and provide exceptional client service.

  • Develops the go-to-market strategy and articulates the value of placement function and participates within pricing of services as applicable.

  • Facilitates submission of coverage specifications and obtains quotes from carriers based upon the “assist, advise, and assume” transaction model.

  • Binds coverage and is responsible for the accuracy of placement binders.

  • Creates and maintains relationships with practice, insurance markets, clients carriers and/or underwriters to provide cohesive client service.

  • Advises on changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.

  • Interfaces closely with client executives and client teams to support client retention and new business production.

  • Drives senior placement/technical support activities on assigned accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required

  • Advises management about client issues or trends through clear and concise communication and participates in development of solutions

Responsibilities:

  • Submits coverage specifications and obtains quotes from carriers, binds coverage and is responsible for the accuracy of programs they have bound.

  • Develops strong working relations with carriers and or underwriters. Possess strong knowledge of insurance and risk marketplace including financial strength and risk appetite.

  • Prepares client differentiation/marketing message for carriers/underwriters.

  • Utilizing risk expertise and knowledge of industry and insurance market place, reviews clients’ exposures and loss experience.

  • Assesses needs of clients and develops solutions to risk situations., across complexity spectrum.

  • Receives and analyzes quotes from carriers and provides analysis and recommendations to Client Team/Client (Segment Driven).

  • Co-ordination of Global Marketplace (Domestic, Bermuda, London, ROW, Bowring).

  • Works with Team to determine the impact of risk solution, and articulates the value to Client Team/Client (Segment driven).

  • Identifies and works with appropriate parties to resolves potential error and omission situations within product line.

  • Keeps abreast of changing insurance and risk market conditions and informs Client Team/Clients (Segment driven) and carriers of major developments affecting various types of coverage.

  • Identifies the need for new products and suggests innovative solutions to Client Team,/Client (Segment driven).

  • Supports and assists in the development of new products and provides input on pricing of services.

  • Contributes to the firm’s body of knowledge on product line by active participation in internal networks.

  • Works closely with Client Team to support client retention and new business production.

  • Responsible for issuing appropriate binding documents.

  • Understands and complies with the Marsh Compliance and Transparency Standards

    Qualifications

  • Independently handles their own client assignments and assists more senior level Placement Specialists on more complex client assignments.

  • Broking or insurance carrier and Cyber E&O related experience a must

  • P&C license preferred, or ability to obtain license

  • Is expected to demonstrate proficiency in knowledge and execution of responsibilities for their assigned clients.

Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world. To every client interaction we bring an unmatched combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration. Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit www.marsh.com for more information and follow us on LinkedIn and Twitter @MarshGlobal

Marsh and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

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