Associate Advisory Specialist

Marsh
  • Location
    Chicago, Illinois
  • Sector
    Commercial
  • Experience
    Mid Career
  • Posted
    Jul 31

Position description

Coordinate with Marsh global network to assist in the implementation of international insurance programs for General Products Liability, Auto Liability, Excess Casualty, Property, FINPRO and Marine coverages. Provide advisory assistance regarding international insurance issues such as coverage details, international program design, contract review, claims handling, and local policy issuance. Support the delivery of client advisory service and transactions. Act as multinational insurance advisor to smaller, less complex accounts, including developing solutions for standard client needs utilizing risk expertise and knowledge of industry/insurance market place to check program submissions, review clients' exposures and losses. Create Renewal Strategy and Submission documents for clients. Provide guidance to clients on the services provided by carriers and their alignment to client requirements and their global footprint. Liaise with Placement Specialists to obtain the most appropriate insurance provider for clients. Analyze quotes from carriers and provide analysis to senior level advisors regarding pricing, coverage, services, quote comparisons, and financing. Identify differences against expiring, claims made, surplus lines, and subjectivities, loss projections, and cash flows. Prepare proposal components including analysis of pricing, coverage terms and conditions, services, quote comparisons, financing, commentary and recommendation. Support achievement of business goals and Requests For Proposals (RFPs) through research and document preparation. Responsible for execution of clients' binding instructions, such as delivery of binder, Binder Transmittal Letter via MART, and policy delivery. Coordinate follow-up on coverage changes with underwriters. Support and assist with the design, development, and marketing of new insurance and risk products. Keep abreast of changing risk and insurance market conditions.

Qualifications

Must have Bachelor's degree or a foreign equivalent in Finance, Business, Risk Management, International Relations or a related field, plus three (3) years of experience in the job offered, or as a Multinational Client Executive, Multinational Client Service Intern, or a related position. Must have three (3) years of experience: placing local insurance policies with insurance carriers, assessing quotes for coverage and pricing acceptability; and reviewing insurance contracts to identify the relationship between locally placed policies, a Master Difference in conditions Difference in Limits (DICDIL) policy and any domestically placed policies. Must have two (2) years of experience: providing advisory assistance involving international insurance issues including coverage details, contract review, claims handling, and local policy issuance; and advising clients on risk exposure and multinational insurance programs to meet their global needs, particularly European insurance options. 

Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world. To every client interaction we bring an unmatched combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration. Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit www.marsh.com for more information and follow us on LinkedIn and Twitter @MarshGlobal.

Application instructions

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