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About the Role
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.
Responsibilities
- 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.
Requirements
- 5+ years of experience in excess of loss and/or pro rata reinsurance and accounting.
- Proficient in Microsoft Office applications (Word, Excel, PowerPoint)
- Excellent written and verbal communication and negotiation skills, consistently promoting and enhancing the Marsh Re brand.
Skills
- Excess of loss reinsurance
- Pro rata reinsurance
- Reinsurance accounting
- Microsoft Office Suite
- Written communication
- Verbal communication
- Negotiation
Location
- New York
- Philadelphia
- Edina, MN
Work Type
- Hybrid
- Full-time
Experience Level
- 5+ years
Education Level
- Bachelor's degree in accounting, finance, or risk management
Salary/Compensations
- $97,700 to $162,700
Benefits
- Professional development opportunities
- Health and welfare benefits
- Tuition assistance
- 401K savings and other retirement programs
- Employee assistance programs
About the Company
- 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.
- 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.
Equal Opportunity
- 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.