Placement Specialist

3 days ago

Singapore Marsh Full time

Marsh is seeking candidates for the following position based in the Singapore office:

Placement Specialist

What can you expect?

  • This will be an exceptional opportunity to collaborate and work alongside a highly motivated, well established and professional placement team based in Singapore.
  • As a Placement Specialist, you will use information about market practices, pricing and underwriting policies to match clients' insurance needs with appropriate carrier coverage. You will coordinate with advisors and client executives to evaluate and select the best insurance carrier coverage quotes for clients.
  • A Placement Specialist makes an impact as a seasoned, professional individual contributor, ready to manage projects, work independently, help teammates thrive and collaborate with stakeholders across the company.

What is in it for you?

  • Embark on a journey of career growth and acceleration with an award-winning Fortune 500 company that provides you with a collaborative, strong support network.
  • We will set you up for success - proper on-the-job training will be provided with clear career path for you to advance in your career, and you will gain exposure working with different clients.
  • You will also get access to colleague resource groups across the globe that provides mentorship and development opportunities to help you build a sense of connection and community throughout your career.

We will count on you to:

  • Use significant risk expertise and knowledge of industry and carriers to develop placement solutions that meet client needs.
  • Implement the Placement strategy to achieve growth goals and provide exceptional client service.
  • Develop the go-to-market strategy and articulates the value of placement function and participates within pricing of services as applicable.
  • Facilitate submission of coverage specifications and obtains quotes from carriers based upon the âassist, advise, and assumeâ transaction model.
  • Bind coverage and is responsible for the accuracy of placement binders.
  • Create and maintain relationships with practice, insurance markets, clients carriers and/or underwriters to provide cohesive client service.
  • Advise on changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.
  • Interface closely with client executives and client teams to support client retention and new business production.
  • Drive senior placement/technical support activities on assigned accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required.
  • Advise management about client issues or trends through clear and concise communication and participates in development of solutions.

What you need to have:

  • More than 7 years working experience in international broking house or insurance company in a placement and/or underwriting capacity.
  • Has knowledge of general insurance classes of insurance including Property and Political Violence Insurance.
  • Ability to handle complex property cases, and drive the property strategy for the Singapore team.
  • Attained minimum Certificate in General Insurance (CGI) or equivalent

What makes you stand out?

  • Strong networking skills and relationships with the market
  • Strong negotiation and communication skills
  • Ability to navigate swiftly in a fast-paced environment

Marsh is the worldâs leading insurance broker and risk adviser. With more than 45,000 colleagues advising clients in over 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the worldâs leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and X.

Marsh McLennan is committed to creating 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, or any other characteristic protected by applicable law.

Marsh McLennan 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 McLennan 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 âanchor dayâ per week on which their full team will be together in person.

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