Vice President, Placement

Company:Marsh Risk

Description:

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

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.

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 articulate the value of placement function and participate within pricing of services as applicable.
• Facilitate submission of coverage specifications and obtain quotes from carriers based upon the “assist, advise, and assume” transaction model.
• Bind coverage and be 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 inform 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 participate 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.
• Knowledge of general insurance classes 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.

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 impact for 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 Risk is a business of Marsh (NYSE: MRSH), 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 about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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 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.