Principal - Corporate Practice

Company:

Marsh

Description:

Marsh are seeking candidates for the position of Principal – Corporate Practice.

We are currently seeking a dynamic and experienced Principal to join our Corporate practice in New Zealand. This role will be based in Wellington. This is a hybrid role that has a requirement of working at least three days a week in the office.

This role is pivotal in ensuring high-quality customer service, managing practice revenue and expenses, and developing a strong team through effective leadership and strategic direction. The ideal candidate will have a proven track record in client relations, financial performance, and compliance within the insurance industry.

We will count on you to:

• Plan and implement clear and effective renewal and broking strategies, ensuring renewal performance exceeds set targets.

• Create a positive client retention and development focus amongst all the team by encouraging regular communication of client status and promptly addressing current retention issues.

• Maximise the Company’s national and global resources by maintaining and communicating the facilities and capabilities available through the Company.

• Ensure you meet service standards agreed in client service agreements.

• Manage all expenses to maintain close control of expenditure by remaining intimately aware of costs against budget.

• Maximise account profitability through the implementation of efficient and effective work practices, adequate client billing and sensible expense control.

• Develop and maintain meaningful working relationships with insurers, frequently monitor environmental, leadership and other changes within client industries to always preserve and protect the Company’s relationship.

• Ensure colleagues (where appropriate) possess and apply a thorough understanding of the client's business, risk management and insurance needs to ensure that our services and programs continue to meet with their needs and expectations.

• Act as a representative of the company at industry functions, meetings, or events.

• Adhere strictly to the Company's Quality practices and other systems and procedures.

• Possess and apply a thorough understanding of all major classes of insurance which the Company offers to its clients and keep abreast of all new technical and product developments.

• Possess and apply a thorough working knowledge of all aspects of relevant insurance legislation including the Marine Insurance Act and Insurance Law Reform Act, Fire & Emergency Services Levy, EQC Levy, Stamp Duties, GST, and other relevant legislation and keep abreast of all new developments.

• Personally comply with the Company's Errors and Omissions avoidance procedures and ensure that no Errors and Omissions occur.

What you need to have: 

• Achieve and maintain NZ Certificate in Financial Services (Level 5) in accordance with the Code of Professional Conduct for Financial Advice Services.

• Completion and application of areas of professional development in progressive studies such as Leadership, Management, Negotiation, Presentation, Broking, and Project Management as they are offered.

• Insurance qualifications (ANZIIF or similar).

• Degree preferred

What makes you stand out:

• Experience in developing and executing strategic plans that align with business objectives.

• Strong client service orientation, with a focus on client retention and development.

• Excellent communication and relationship-building skills, with the ability to represent the company at industry events.

• Continuous improvement mindset, with a commitment to professional development and staying abreast of industry trends.

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 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.