Placement Broker

2 weeks ago

Manchester, United Kingdom Marsh McLennan Full time

Are you a Placement Broker with experience of negotiating the best terms for your clients? Do you thrive on working with challenging and complex corporate insurance programs? Are you looking for a role that will allow you to build strong relationships with insurers? By joining Marsh in our Manchester office we can offer the opportunity to working closely with colleagues, insurers and clients to provide a first-class broking service.

The successful candidate will be required to work closely with Marsh colleagues on the implementation of placement strategy for middle market corporate 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. You will also act as the reference point for advice and technical expertise to the internal client servicing teams.

What can you expect?

  • Diverse and rewarding role enabling you to work with colleagues and clients across a vast array of business sectors
  • Opportunity to support colleagues, clients and prospects both remotely and in person
  • A great opportunity to build/strengthen strong regional and UK wide market relationships

What will you be rewarded with?

  • Competitive Benefits Package including: 27 days annual leave, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
  • Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary

We will rely on you to:

  • Assist in implementation of placement strategy for renewals in collaboration with colleagues
  • 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 design an insurance programme 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
  • Utilise the Marsh online trading system (Eurotrade 2)
  • Fully document all quotations received and advise the Client Servicing team of all conditions
  • Act as a referral point for the resolution of insurer queries
  • Attend client and insurer meetings in partnership with the client service team
  • Contribute to rolling risk management strategy with clients and insurers
  • Ensure operational procedures are followed and can be demonstrated at all times
  • Build strong relationships with insurers and seek feedback on Marsh's service through ongoing dialogue

What you need to have:

  • Proven experience of corporate insurance broking or underwriting is essential
  • Exposure to global placements and experience in multinational programme design and placement would be desirable
  • Awareness of Clients' business, their business issues, insurance programmes and service plans
  • Strong communication skills
  • Excellent insurer trading & negotiation skills
  • Proven relationship management experience with a strong insurer/broker network of contacts
  • Excellent organisational skills with the ability to manage multiple enquiries simultaneously

What makes you stand out?

  • Ambitious to progress as part of a market leading team
  • Collaborative, communicative and with strong negotiation skills
  • Fully Competent in Microsoft Office Products (Word, Excel, PowerPoint, Outlook)
  • Qualified or working towards ACII is desirable

About 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 (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US $17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, religion, sexual orientation, gender identity or any other characteristic protected by applicable law.

We are an equal opportunities employer. We are committed to providing reasonable support to any candidate with a disability/health condition to allow them to fully participate in the recruitment process. We welcome candidates to contact us at to discuss any specific needs.

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