Reinsurance Specialist

Company:Marsh

Description:

We are seeking a talented individual to join our team at Marsh Re. This role will be based in New York, Philadelphia or Edina, MN. This is a hybrid role that has a requirement of working at least three days a week in the office.

This role is responsible for managing complex portfolios, including processing all technical transactions related to excess loss, pro rata, or facultative reinsurance, such as coverage assessment, premium and loss transactions, and cash disbursements. Additionally, provide guidance and training to less experienced colleagues and perform leadership and business support duties as assigned by the team or department manager.

We will count on you to:

• Manage assigned client portfolio, including timely follow-up, accurate system entry of client activity, and securing reinsurance premiums.
• Collaborate with other departments to support collection efforts and cash application processes as needed.
• Oversee timely settlement of funds to and from clients, ensuring compliance with all payment warranties and conditions.
• Complete assigned tasks accurately and in accordance with Service Level Agreements (SLAs).
• Provide detailed client-specific accounting and claims information to support sales opportunities.
• Build and maintain strong relationships with Brokers, Clients, and Markets by understanding their needs and resolving issues effectively; actively participate in team meetings to share knowledge and contribute to outcomes.

What you need to have:

• 5+ years of experience in excess of loss and/or pro rata reinsurance and accounting, along with a Bachelor’s degree in accounting, finance, or risk management.
• Proficient in Microsoft Office applications (Word, Excel, PowerPoint)
• Excellent written and verbal communication and negotiation skills, consistently promoting and enhancing the Marsh Re brand.

What makes you stand out:

• (Re)Insurance and claims experience.
• Pro rata and/or Excess of loss experience

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $97,700 to $162,700.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. 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.