Broker Assistant Vice President

1 Year ago • All levels

Job Summary

Job Description

Performs tasks related to quoting, binding, and servicing new and renewal accounts to assist clients. Helps develop new products by informing management of client needs. Responds to client requests for information, coordinates with other departments, and clears with the Broker. Updates senior Brokers and Supervisors on progress. Assists in the timely production of placement slips, cover notes, and policies, and traces payments and collects premiums to provide quality deliverables. Maintains business relationships to better serve clients. Trains new employees and monitors workflow. May analyze documents and bond forms, banking terms and conditions, and financial statements for various industries, including understanding unique financial metrics. Marsh McLennan is a global leader in risk, strategy, and people, advising clients in 130 countries.
Must have:
  • Quoting, binding, and servicing accounts
  • Responding to client requests
  • Coordinating with other departments
  • Updating senior Brokers/Supervisors
  • Producing placement slips, cover notes, policies
  • Tracing payments and collecting premiums
  • Maintaining business relationships
  • Training new employees
  • Monitoring workflow
  • Analyzing documents and bond forms

Job Details

Company:

Description:

Performs tasks related to the quoting, binding and servicing of new and renewal accounts to assist with serving clients.

Helps develop new products by keeping management aware of client's needs.

Assists with responding to client requests for information, coordinating with other departments as necessary, and clearing with Broker.

Updates more senior-level Brokers and Supervisors on issues, progress etc, regularly and upon request to assist the Broker with serving clients.

Assists in the timely production of placement slips, cover notes, and policies and in tracing payment and collecting of premiums to provide quality deliverables to clients.

Maintains business relationships to better serve clients.

Trains new employees and monitors workflow to ensure the group runs smoothly.

May analyze documents and bond forms, as well as banking terms and conditions.

May examine and interpret the terms and conditions of General Agreement of Indemnity required to be executed by Clients to support all surety transactions.

May analyze financial statements for all industries with specific knowledge of each industries unique financial metrics.

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 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 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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