Reinsurance Specialist

Company:

Marsh

Description:

We are seeking a talented individual to join our team at Marsh Re. This role will be based in Philadelphia, PA. This is a hybrid role that has a requirement of working at least three days a week in the office.

This role is responsible for managing complex portfolios, including processing all technical transactions related to excess loss, pro rata, or facultative reinsurance, such as coverage assessment, premium and loss transactions, and cash disbursements. Additionally, provide guidance and training to less experienced colleagues and perform leadership and business support duties as assigned by the team or department manager.

We will count on you to:

• Manage a complex client portfolio, ensuring accurate processing of premiums, client activity, and timely follow-up, while supporting collection and cash application initiatives. Ensure timely settlement of funds, adhering to all payment warranties and contractual conditions, and collaborate with market fiduciaries and collections teams as needed.
• Provide detailed information on client-specific accounting and claims activities to support sales opportunities and reinsurance negotiations. Request and maintain collateral requirements for clients.
• Build and maintain strong relationships with brokers, clients, markets and claim professionals to resolve issues, review practices, and facilitate effective communication.
• Participate actively in team and department meetings, sharing knowledge, contributing to process improvements, and fostering strong working relationships.
• Support and mentor less experienced colleagues, lead or participate in training sessions, and contribute to the development of operational processes and technology solutions.
• Coordinate reinsurance audits, review claims and premium activity, reconcile records, and facilitate review processes with clients and reinsurers.
• Utilize KPIs and system tools to manage receivables, funding, reporting, and transactional processes efficiently, ensuring compliance and service excellence.

What you need to have:

• Proficient in Microsoft Office applications (Word, Excel, PowerPoint) with strong attention to detail.
• Proven ability to work effectively in high-performance teams, managing workload to meet client and stakeholder expectations.
• Excellent communication and negotiation skills, with the ability to deliver clear messages and promote the Guy Carpenter brand.
• Capable of making sound independent judgments, providing effective solutions, and mentoring colleagues to ensure superior client service.

What makes you stand out:

• 2+ years of professional experience in reinsurance.
• Bachelor's degree or equivalent work experience.
• Familiarity with contract law, regulatory controls, and general business trends, along with previous knowledge of reinsurance and insurance concepts preferred.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

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 reasonableaccommodations@marsh.com.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.