Job title: Associate Broker
Company: Marsh McLennan
Job description: Company: Guy Carpenter
Description:
Guy Carpenter is the world’s premier reinsurance intermediary and strategic advisor to leading insurance and reinsurance organizations, delivering integrated solutions through its industry-leading analytics and advisory services, highly specialized product knowledge and trading relationships with reinsurance markets around the world.
We are seeking a Associate Broker that can be located in our Toronto Canada office.
What can you expect?
The Associate Reinsurance Broker is responsible for developing the functional skills required to coordinate all broking placement activities of the account. The Associate Reinsurance Broker provides support to all account team members and contributes to strategic recommendations and problem solving for clients. The Associate Reinsurance Broker should develop a broad understanding of the environment in which the insured operates, and the marketplace in which the transactions Guy Carpenter handles take place. The Associate Reinsurance Broker will assist in the broking team with client and market research and financial analysis for current and prospective clients. The Associate Reinsurance Broker will be responsible for communicating particulars for the account internally, including the clients budgeted revenue to management and details about the placement to GC Specialties for inclusion in market and peer studies.
What is in it for you?
A company with a strong Brand and strong results to match
Culture of internal mobility, collaboration and valued partnership with HR from the business
Competitive pay, full benefits package – starting day one (medical, dental, vision, STD/LTD, life insurance, generous 401k match AND automatic contribution
Generous paid time off for vacation, sick, company holidays and time to give back to your community
Employee Resource Groups, which provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations
We will count on you to:
Data collection and analysis in building reinsurance submission for client assignments
Assist in renewing reinsurance programs and provide brokers with research analysis as needed
Assist in responding to client queries and concerns, resolving issues promptly
Assist in monitoring accountings (premium payments, loss collections, etc.) anticipating and preventing problems when possible
Assist with broker review on contract documentation, ensuring contract drafter has accurately captured terms and conditions of placement
Assist broking team in designing new programs for clients’ unmet needs
Respond to client requests for information (reinsurer, financial reports, industry issues, etc.), as directed by senior broker, coordinating with Market Information and other departments as necessary, and clearing with senior broker
Assist in timely production of contract documentation and follow-up, ensuring timely flow of materials
Update Brokers on issues, progress etc., regularly and upon request
Assist with scheduling of reinsurer audits and visits with client
What you need to have:
Graduated from a bachelor’s degree program in Actuarial Science, Statistics, Mathematics, Commerce, Finance, Economics
Relevant work experience including co-op work terms and internships
Curious and proactive mindset: desire and ability to lead internal initiatives and research projects to completion
Superior communication and presentation skills: an ability to translate complex technical analysis and concepts into easily understandable terms for brokers and clients
A collaborative, team-oriented professional with effective interpersonal skills
Strong ability to be organized and detail oriented
Knowledge of VBA and/or other programming languages
Proficient in MS Excel with skills in other MS Office products
Bilingualism – French and English
What makes you stand out:
1 to 3 years of experience in insurance and/or reinsurance
An understanding of the reinsurance industry and product lines
is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 75,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including , and . For more information, visit www.guycarp.com and follow Guy Carpenter on LinkedIn and Twitter
In accordance with applicable legislation, Mercer will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need please contact .
Expected salary:
Location: Toronto, ON
Job date: Sat, 07 Oct 2023 01:30:18 GMT
