VP, Surety Broking

Guy Carpenter; Edina (MN); Hybrid; USD 105,000 - 228,000; Full time

Benefits offered by this job

Hybrid work

Competitive total rewards package

Job summary

Marsh is seeking a Surety professional to join our Center of Excellence in a hybrid role with a 3-day-a-week office requirement. The role involves managing reinsurance placements, leading client discussions on renewals and modeling, and mentoring junior staff across multiple offices including Minneapolis.

A strong background in underwriting or broking and advanced MS Office skills are required. We offer a competitive total rewards package, opportunities for advancement, and a collaborative

Qualifications

• 6+ years of experience in primary or reinsurance underwriting and/or reinsurance broking.
• Bachelor’s degree in Business, Finance, Economics or Accounting.
• Advanced MS Office skills, specifically PowerPoint & Excel.
• Strong critical thinking skills in finance, economics and/or statistics.

Responsibilities

• Work closely with Surety broking team to manage reinsurance placements from start to finish including post-placement activities.
• Lead client calls and meetings to discuss reinsurance program, renewals, modeling, and benchmarking.
• Train new staff, monitor workflow, and assist in process improvements to ensure smooth team operations.
• Develop a rapport with clients to be viewed as a trusted advisor in all aspects of their business.
• Liaise with legal, actuarial, accounting, and claims departments to assist in servicing client needs and optimize reinsurance program.
• Actively collaborate with broking teams across the organization to develop Surety opportunities.

Skills

PowerPoint

Excel

Analytical thinking

Education

Bachelor's degree in Business, Finance, Economics or Accounting

Master’s degree in Business Administration

Associate in Reinsurance (ARe) designation

Job description

Guy Carpenter has a history of innovation in developing the latest credit and portfolio tools in support of the firm’s Surety company clients. That innovation, coupled with extensive experience, industry leading market share and unrivaled technical resources, has resulted in highly efficient reinsurance solutions in an ever-changing risk environment.

We are seeking individuals with Surety experience to join our Surety Center of Excellence team. The position can be based in our New York City, New Jersey, Philadelphia, Minneapolis, Dallas or Boston office, however open to talented individuals in other locations. This is a hybrid role that has a requirement of working at least three days a week in the office

What to expect:

• You will be responsible for servicing existing and assisting in producing new client relationships.
• The opportunity to quickly develop and manage a portfolio of client relationships
• Ability to demonstrate the following traits: strong listening and analytical skills, attention to detail, proactive problem solving and management of the sales process.

We will count on you to:

• Work closely with Surety broking team to manage reinsurance placements from start to finish inclusive of post placement activities to address client needs outside of renewal activities.
• Lead client calls and meetings to discuss reinsurance program, renewals, modeling, and benchmarking.
• Train new staff, monitor workflow, and assist in process improvements to ensure smooth team operations.
• Develop a rapport with clients to be viewed as a trusted advisor in all aspects of their business.
• Liaise with legal, actuarial, accounting, and claims departments to assist in servicing client needs and optimize reinsurance program.
• Actively collaborate with broking teams across the organization to develop Surety opportunities.

What you need to have:

• 6+ years’ experience in primary or reinsurance underwriting and/or reinsurance broking
• Bachelor’s degree in Business, Finance, Economics or Accounting
• Advanced MS Office skills, specifically a strong proficiency in PowerPoint & Excel
• Strong critical thinking skills in finance, economics and/or statistics

What makes you stand out?

• Master’s degree in Business Administration
• Associate in Reinsurance (ARe) designation

Why join our team:

• Opportunity to achieve career advancement in a vibrant and growing market segment.
• We foster a collaborative and inclusive culture where you can work with talented colleagues to have an immediate and long term impact.

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 $104,500 to $228,000.

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.

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