Reinsurance Assistant

Company:Marsh

Description:

We are seeking a talented individual to join our team at Marsh Re. This role will be based in one of these locations: Hartford, CT; New York, NY; or Chicago, IL. 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 all post-placement support activities for the account and providing assistance to account team members as needed. The incumbent proactively monitors and prompts key activities and tasks during binding and post-binding phases to ensure full and timely compliance with quality standards and regulatory requirements, following established guidelines. The role requires the ability to coordinate activities independently and to liaise effectively with internal and external stakeholders, including brokers, clients, and markets, to facilitate efficient and seamless post-placement services.

We will count on you to:

• Review all client and market correspondence for completeness to ensure compliance with regulatory and quality requirements.
• Obtain and verify client and market binding confirmations for accuracy against binding documentation; address and resolve any discrepancies with brokers.
• Process binding and final documentation to clients and markets, ensuring accuracy and fulfillment of client-specific accounting and platform requirements.
• Obtain and review client policies, identify discrepancies, collaborate with brokers and clients to rectify issues, obtain market approvals, and process necessary endorsements or certificates.
• Manage placement changes during the term by coordinating with brokers and markets to achieve satisfactory outcomes for all parties.
• Maintain accurate and up-to-date placement files, ensuring all control documentation and records/forms are properly completed and stored per policy.
• Participate actively in team meetings and initiatives to share knowledge, improve services, and ensure adherence to best practices, compliance policies, and training requirements.

What you need to have:

• 3+ years of experience in the Property Insurance or Reinsurance industry with solid knowledge of insurance/reinsurance concepts, contract wordings, and basic accounting principles.
• Strong interpersonal, verbal, and written communication skills to effectively interact with clients, reinsurers, and colleagues at various levels.
• Excellent organizational and prioritization abilities, with strong attention to detail and capacity to manage multiple tasks efficiently.
• Proficient problem-solving skills with the ability to identify issues, develop initial solutions, and escalate appropriately; proficient in Microsoft Office applications.

What makes you stand out:

• Associate’s degree preferred, along with relevant or transferable experience.
• Associate in Reinsurance (ARe) designation is beneficial though not essential

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 an impact on 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.

The applicable base salary range for this role is $70,000 to $90,000.

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.

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 providing an inclusive work environment. We aim to attract and retain the best, most qualified people and value colleagues of all backgrounds, without regard to 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 require an accommodation during the application or interview process, 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.