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Senior Contract Associate at Marsh and McLennan

Senior Contract Associate

Marsh and McLennan Philadelphia, PA Full-Time
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Title: Senior Contract Associate

Location: Chicago, IL; New York, NY; Philadelphia, PA; Atlanta, GA; Dallas, TX; Seattle, WA; Tampa, FL; Morristown, NJ; Boston, MA or Hartford, CT

What to expect:

You will be the primary collaborator with Broking on construction and delivery of contractual documentation for client accounts assigned, expected to possess and apply high level of advanced reinsurance knowledge, basic primary insurance concepts and excellent writing skills, independently, to each program. You will regularly make informed, thoughtful and relevant recommendations to the contractual product beyond the broker instructions given and/or raise potential issues with requested language/approach as applicable and as each unique program warrants. Be responsible for delivering consistently accurate and timely contract documentation to internal and external parties. Have direct responsibility for managing your own workload and deadlines with Brokers and others to ensure expectations are met on assigned accounts. Perform all contract drafting and document management responsibilities for assigned accounts, all within published guidelines. You will be viewed as a partner to the placement process and expected to be available to support those activities when needed, as reasonable.

We will count on you in the following areas:

Contract Support

  • Management of assigned client base for all aspects of reinsurance contracts.

  • Interpret and assess contracts and perform quality assurance review to ensure contract wording reflects intent of reinsurance negotiations.

  • Proactively recommend coverage and wording enhancements and raise potential coverage issues, as appropriate.

  • Support Brokers by providing effective responses to all contract-related inquiries with Client and/or Markets.

  • Research and respond to inquiries from Brokers, Clients and Markets. Input contract status data on the electronic document tracking system.

  • Utilize CSS Dashboard and/other legacy tracking tools to manage contract performance.

  • Promote, build and maintain relationships with Brokers, Clients and Markets.

Continuous Learning

  • Participate in team meetings and activities to share opinions, ideas, knowledge and solutions; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes. Seek opportunities to increase own understanding and improve the services provided.

  • Maintain broad understanding of the environment in which the client operates and the marketplace in which the transactions that Guy Carpenter handles take place.

Compliance and Regulatory Review

  • Understand all published procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Guy Carpenter.

  • Demonstrate understanding of and appreciation for the way in which own actions/inactions protect or subject GC to potential errors & omissions.

Other

  • Support team by maintaining Colleagues’ workloads in their absence.

  • Attend Client meetings as requested.

What's in it for you?

  • A company with a strong Brand and strong results to match.

  • Culture of internal mobility, collaboration and valued partnership throughout business.

  • Employee Resource Groups that provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations.

  • Social Impact volunteering opportunities available for all colleagues through a network of colleague and business partnerships.

  • Competitive pay (salary and bonus potential), Full benefits package – starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND contribution.

  • After six months, eligible for up to $10k tuition reimbursement per year and participation in our Employee Stock Purchase Plan.

What you need to have:

  • Bachelor’s Degree and applicable experience preferred.

  • Minimum of 7 years of directly related experience in insurance/reinsurance industry.

  • Associate in Reinsurance (ARe) required

  • Chartered Property Casualty Underwriter (CPCU) a plus

  • Knowledge of contract law, contract provisions, reinsurance concepts and principles, basic regulatory controls and general business trends.

  • Proficiency in Microsoft Office Applications (Word, Excel, and PowerPoint) required.

  • Strong verbal and writing skills for complex communications (presentations, negotiations, etc.) with clients, markets and GC colleagues at all levels.

  • Demonstrated ability to work as part of a high performance team. Attention to detail in completing assigned tasks.

  • Positive attitude, willingness to offer and execute ideas and solutions to enhance processes within a changing environment.

  • Successful management of workload; able to manage expectations of all Clients and Stakeholders.

  • Able to challenge appropriately, supporting business cases with facts and information.

  • Understanding of project management methodology, stakeholder management, and risk mitigation.

  • Able to engage, influence and negotiate with Clients, Markets and Colleagues in a professional manner.

  • Consistently provide guidance by mentoring and/or training colleagues.

  • Consistently deliver superior Client service.

What makes you stand out:

  • Reinsurance experience

GUY CARPENTER

Guy Carpenter & Company, LLC 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 Marsh & McLennan Companies (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 Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter

#LI-KS1 #reinsurance

 

Recommended skills

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