Premium Finance Specialist

1 Month ago • 5 Years + • Finance • $116,400 PA - $248,000 PA

Job Summary

Job Description

The Premium Finance Specialist will design and negotiate insurance premium finance alternatives for clients and prospects. They will identify potential clients, generate new premium finance loans, and maintain strong relationships with Marsh colleagues and finance company representatives. The role involves providing direction on premium finance issues, delivering presentations, and contributing to the management of the Premium Finance loan portfolio. The Specialist will also maintain records and reports.
Must have:
  • 5+ years of relevant Premium Finance experience.
  • BS Degree in Finance/Insurance preferred.
  • Superior analytical, communication and strategic planning skills
Good to have:
  • Strong Insurance industry policies knowledge.
  • Excellent organizational and project management skills.
Perks:
  • Professional development opportunities
  • Vibrant and inclusive culture
  • Benefits and rewards to enhance well-being

Job Details

Company:

Description:

Premium Finance Specialist

We will count on you to:

Design and negotiate insurance premium finance alternatives for clients and prospects that present significant underwriting risk to the finance company.

Identify clients and prospects who are candidates for financing by meeting with sales and risk practice leaders, Segment and Zone leadership to review renewal and prospect lists, target market areas, and sales goals.

Generate new premium finance loans while driving the client retention process.

Obtain and negotiate loan terms from the premium finance markets and interfaces with clients and Marsh colleagues to obtain information regarding client and prospect insurance programs and financial situations.

Provide direction to clients and Marsh colleagues regarding premium finance questions and issues.

Maintain strong working relationships with Marsh colleagues and finance company representatives

Deliver presentations that demonstrate the value of the program to Marsh and its clients.

Contribute to the management of the Premium Finance loan portfolio

Maintain records and reports as required.

What you need to have:

BS Degree in Finance/Insurance preferred

5+ years of relevant Premium Finance experience

Experience identifying, designing, recommending and implementing efficient, innovative business solutions to clients' complex challenges

Superior analytical and mathematical skills, strategic planning, communication, and listening skills

What makes you stand out:

Strong Insurance industry policies knowledge

Excellent organizational and project management skills with the ability to prioritize and handle multiple and complex tasks in a demanding work environment

A detailed understanding of changing insurance, risk management, and macroeconomic market conditions and informs client executives, client advisors, and/or clients of major developments affecting pricing and lending 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, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.

Marsh McLennan 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@mmc.com.

Marsh McLennan 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 McLennan 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.

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About The Company

Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 76,000 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 businesses. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advancedrisk,reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

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