Associate Placement Specialist

Marsh Risk; Chicago (IL); Hybrid; USD 73,000 - 154,000; Full time

Job summary

Marsh seeks candidates to join our Healthcare Placement team focused on medical professional liability in New York or Chicago. This hybrid role requires three days in the office weekly.

You will develop renewal strategies, select (re)insurers, negotiate terms, present program recommendations and document all placement activity while collaborating with clients and carriers. The base salary range is $72,500 to $154,300, with potential incentives.

Qualifications

• College degree required.
• 3–6 years of insurance industry or relevant experience.
• P&C license or ability to obtain within 3 months.
• Proficiency in Microsoft Office and ability to learn proprietary applications/databases.

Responsibilities

• Develop renewal strategies for medical professional liability placements.
• Negotiate terms and select (re)insurers for placements.
• Present program recommendations and document placement activities.
• Collaborate with clients, carriers and team to deliver cohesive service.
• Support client retention and new business through RFPs and coverage reviews.

Skills

Insurance industry experience

Team collaboration

Analytical thinking

Attention to detail

Communication skills

Growth mindset

Education

College degree

Tools

Microsoft Office

Job description

Marsh is seeking candidates to join our Healthcare Placement team focused on medical professional liability based in our New York or Chicago office locations. This is a hybrid role that has a requirement of working at least three days a week in the office.

What can you expect

• Work in conjunction with Marsh's healthcare client team to develop and execute medical professional liability renewal strategy, select (re)insurers to approach, negotiate broad coverage terms, produce and present program recommendations and complete documentation of all placement activities.
• Foster relationships within your team, colleagues, clients, carriers to provide cohesive client service.

We will count on you to

• Consult management on complex client issues or trends through clear and concise communication and participate in development of solutions
• Ensure client renewal transactions are compliant with professional standards.
• Assist in special projects within team.
• Consult with client executives and client teams to support client retention and new business production such as active participation in RFPs and coverage reviews
• Coverage expertise to be able neg and drive optimal terms on behalf of our healthcare clients
• Thorough review of all quotes, binders, and policies to ensure accuracy of coverage placed
• Work towards:
  • A solid knowledge of market risk issues, insurance brokerage, account management, servicing, and sales skills
  • A detailed understanding of changing insurance and risk management market conditions

What you need to have

• College degree
• 3-6 years of insurance industry or relevant experience
• P&C licensed, OR ability to obtain within 3 months of employment
• Proficiency in Microsoft Office applications (e.g., Word, Excel, Power Point, Outlook) and the ability to learn proprietary applications/databases

What makes you stand out

• Medical professional liability experience
• Ability to work in teams and cultivate relationships
• Analytical thinker and problem solver
• Intellectual curiosity and a growth mindset
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
• Demonstrated leadership skills or has taken initiative within school, work and/or community
• Attention to detail
• Strong organizational/multi-tasking skills
• Excellent oral and written communication skills

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 [e-mail].

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 $72,500 to $154,300.

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.

R_350090