Placement Specialist - FINPRO

About the role

Marsh is hiring a Placement Specialist for its FINPRO team in the New York City office. This is a hybrid role with at least three days a week spent in the office. The specialist builds relationships with underwriters, places sophisticated insurance programs and delivers technical expertise on the FINPRO parts of requests for proposals.

Key responsibilities

• Build and maintain relationships with underwriters and help place sophisticated insurance programs.
• Identify the need for new products and develop innovative solutions for clients.
• Complete policy management and deliver reviewed policies to clients, and address client inquiries.
• Deliver technical expertise on the FINPRO portions of RFPs.
• Manage and monitor the insured's placement strategy using risk expertise and knowledge of industry and carriers.
• Develop go-to-market methods and give input on service pricing to support client retention and new business.
• Audit and finalize the commission structure with the underwriter in line with client direction, Marsh Commission Yield Statements and facility agreements.
• Keep abreast of changing insurance and risk market conditions and share them with client teams, clients and carriers.
• Lead complex placement and technical support on large accounts, including procedural compliance, data review, renewal exhibit updates and accurate placement system entries.
• Submit coverage specifications, obtain carrier quotes, ensure coverage is bound and analyze quotes with recommendations.

Required profile

• 5+ years of industry experience.
• Commercial brokerage and/or underwriting experience, preferably in financial lines of coverage.
• P&C license required, or ability to obtain one.
• Bachelor's degree preferred.
• Ability to build strong relationships with colleagues, clients and carriers, and to work in a collaborative team.

What we offer

• Base salary range of $92,500 to $197,100, depending on experience, skills, location and other factors; possible performance-based incentives.
• Health and welfare benefits, tuition assistance, 401K and other retirement programs, and employee assistance programs.
• Hybrid work with at least three days per week in the office.