Company:
Marsh
Description:
We are seeking a talented individual to join our Broking team at Marsh Re. This role will be based in Boston, Chicago, San Francisco, Tampa, Philadelphia, Seattle and New York. This is a hybrid role that has a requirement of working at least three days a week in the office.
Our Impact in the Reinsurance Market A dynamic and renowned innovator in the reinsurance broking space, Marsh Re helps insurance companies find new ways to manage their risk. As a reinsurance intermediary, Marsh Re’s colleagues are offered a unique opportunity to pursue a career that marries investment banking and consulting. Similar to an investment bank, we broker a specific type of financial transaction called reinsurance. Comparable to a consulting firm, we leverage our reinsurance expertise to help our clients anticipate and navigate change, providing them with a business edge that goes beyond the insurance transaction. Our full company platform includes broking expertise, strategic advisory services, and best-in-class analytics, giving insurers the confidence they need to grow and protect their business. We thrive on working together, harnessing our collective intelligence across teams, borders, and backgrounds. We are looking for an individual who is proactive, innovative, a self-starter and enjoys building relationships with clients, reinsurers and colleagues.
What is Reinsurance? Reinsurance is a risk transfer agreement that is often referred to as “insurance for insurance companies”. Insurance companies purchase reinsurance from other carriers to protect against the risk of a major claims event. Marsh Re supports insurance companies as they navigate the market to find the best reinsurance solutions for their needs. Given the important role we play in global risk mitigation, we enable insurance companies the opportunity to protect individuals against unforeseen loss.
Fulfilling Your Potential The Risk Analyst role is entry level to the reinsurance Broker career track. Our Brokers are client advocates in the reinsurance transaction negotiations but also leaders in advising the right risk mitigation techniques; their financial broking expertise helps drive favorable terms for our clients, and their important advisory role impacts how the c-suite of insurance companies make decisions.
As a Risk Analyst at Marsh Re, you will:
- Gain exposure to the firm’s business and knowledge of the reinsurance industry as they develop key communications, analytical, marketing and sales skills.
- Analyze client data and create reinsurance submissions while also developing the functional skills required to coordinate all broking placement activities of the account.
- Assist in organizing and preparing presentations which explain industry trends, discuss client options and recommend strategic solutions to meet client goals.
- Assist the senior brokers with client relationship management and sales efforts. Providing the brokers with market research and financial analysis for current and prospective clients.
- Develop competencies through a comprehensive and engaging curriculum centered around networking and collaboration. From communicating with clients and reinsurers to helping Marsh Re renew client reinsurance programs, our Risk Analysts are a vital part of Marsh Re’s broking teams.
- Learn all aspects of the industry and be trained for an Account Executive role as your career unfolds.
Why Marsh Re:
At Marsh Re, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.
We will count on you to:
Broker Support
- Data collection and analysis in building reinsurance submission for client assignments
- Assist in renewing reinsurance programs. Provide brokers with research analysis as needed
- Update Brokers on issues, progress etc, regularly and upon request
- Assist in responding to client queries and concerns, resolving issues promptly
- Assist in monitoring accountings, (premium payments, loss collections, etc) anticipating and preventing problems when possible
- Assist with broker review on contract documentation, ensuring contract drafter has accurately captured terms and conditions of placement
- Assist in timely production of contract documentation and follow-up, ensuring timely flow of materials
- Assist with scheduling of reinsurer audits and visits with client
Learn the Business
- Maintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc) with the help of Market Information Department and Market Reference Guide
- Analyze client risk and develop and present recommendations
- Develop broking and functional skills
- Best Practice Procedures and Compliance Policies
- Understand all best practice procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Marsh Re
- Follow all best practice procedures and compliance requirements, including but not limited to building a complete placement file as the placement progresses to minimize errors & omissions
Client Services
- Assist brokers in designing new programs for clients’ unmet needs
- Respond to client requests for information (reinsurer, financial reports, industry issues, etc), as directed by senior broker, coordinating with Market Information and other departments as necessary, and clearing with senior broker
What you need to have:
- Fully matriculated student pursuing a Bachelor's degree is required with an expected graduation date of December 2026 or Spring 2027
- Good computer skills using Microsoft Office (Excel, Word, PowerPoint)
- Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future
What makes you stand out?
- Relevant work experience is a plus
- Strong interpersonal skills for establishing and maintain good client, reinsurer, and internal relationships
- Strong analytical and quantitative skills
- Strong written and verbal communication skills
- Ability to work under pressure and to meet deadlines
- Ability to work flexibly as part of multiple teams and autonomously
- Ability to juggle changing priorities and varied workload
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
The applicable salary for this role is between $70,000 - $82,000 depending on location.
What's next:
Application Instructions:
- Application deadline is Sunday, November 29th at 11:59pm EST
- We are hiring in multiple locations. As you are filling out your application, you'll have the opportunity to select your desired location. Should you have interest in multiple locations, your recruiter will work with you to make those connections should that be necessary.
First Round Interviews:
- Applications are reviewed on a rolling basis.
- If selected, first-round interviews consist of an on-demand digital video interview.
- Further timing and instructions will be provided at that time.
Consider watching Max Aronchick's reflection on his early days at Guy Carpenter - Building an InsurTech Career | Ep. 5 | Careers That Matter - YouTube
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 reasonableaccommodations@marsh.com.
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.