Associate II - Broking

Guy Carpenter & Company, LLC is seeking candidates for the following position based in the New York, NY office (Hybrid (in-office and remote) work may be permitted within a commutable distance from the work site, in accordance with company policy)

Associate II - Broking

We will count on you to:

Manage all aspects of new, renewal and prospective reinsurance account business including the solicitation of accounts and the preparation and presentation of research, financial analysis, client and reinsurance underwriting presentations, budget and revenue exhibits, formal reinsurance contract document execution, management of accounting, reinsurance claims, and contract issues. Responsible for coordinating broking placement activities for client accounts, which includes management of more junior brokers as well as day-to-day client relations. Design new reinsurance programs for clients’ needs, placing business with client-approved reinsurers who will underwrite the business. Develop and present new, renewal, and prospective presentations to clients and reinsurers, including synopses of actuarial and catastrophe modeling reinsurance analytics. Oversee the timely production of appropriate account/program documents. Produce new clients with underwriting entities (such as insurance carriers of Managing general agents), establish relationships through meetings, and entertain in order to generate revenue. Liaise with Guy Carpenter (GC) service departments to ensure the proper level of client service and timely flow of business process. Monitor the follow-up on contract documentation, ensuring the timely flow of deliverables. Respond to client queries and concerns, resolving issues promptly. Establish and maintain strong relationships with reinsurance underwriters, clients, colleagues, and other MMC operating entities. Manage expenses, time, services, etc. in order to maximize GC profits. Oversee documentation of all external communications in accordance with GC procedures, including where appropriate, Guy Carpenter Professional Standards guidelines. Maintain comprehensive knowledge of reinsurer capabilities (product lines underwritten, capacity, approvals, etc.), with the help of Market Information Department, Legal Department, and other departments as necessary.

What you need to have:

Must have a Bachelor’s degree or foreign equivalent in Economics or a related field plus five (5) years of progressively responsible post-baccalaureate experience in the position offered, or as an Assistant Vice President, Associate Broker, Risk Analyst, or a related position. Must have five (5) years of experience with all of the following: Database management in Excel and interpreting and manipulating insurance company bordereau data for both exposure and experience information: filtering, pivot tables, vlookup, hlookup, indexmatch functionality, graphing, “sumif” function, creating limits and deductible profiles, and Excel based financial models; Interpreting underlying insurance data and/or analytics and architecting client and/or reinsurer facing presentations in PowerPoint; Creating summaries of client underwriting and claims handling operations in Microsoft Word and/or Adobe through embedded Excel and/or PowerPoint Graphics and graphic manipulation; Preparing communications including presentations, analytics synopses, and negotiations for clients, reinsurance underwriters and colleagues; and Placing casualty-related reinsurances including workers’ compensation, auto, general liability, umbrella and Excess liability, and medical professional liability. Must also have two (2) years of experience with all of the following: Developing and placing reinsurance programs, preparing placement contracts and cover notes, and drafting or amending new and existing contracts; Leading client-facing presentations for delivery of analytics and/or reinsurance placement strategy materials; Prospecting new insurance carrier underwriters and/or managing general agents/underwriter (MGU) clients; Assessing mortgage credit risk transfer reinsurance and insurance marketplace and underlying data and databases; Stratifying mortgage loan tape data: assessing FICO score, Loan to Value, and Debt to Income as they relate to the reinsurance and insurance marketplace and capital markets; Analyzing the effects of macro-economic policy on mortgage rates, supply, and risk profile; Interpreting and applying statutory accounting and insurance finance basics; Calculating Insurance to Value, Total Insured Value, and Probable Maximum Loss; and Differentiating catastrophe modeling output VaR, TVaR, OEP and AEP. Travel req: 15% domestic and international travel is required to various and unanticipated company and client sites.

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 85,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $20 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter

The applicable base salary range for this role is $140,000 - $215,000 per year.