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    Lead Specialist - Mumbai, India - Marsh McLennan

    Marsh McLennan
    Marsh McLennan Mumbai, India

    1 week ago

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    Description

    Entity: Guy Carpenter

    As a part of the Guy Carpenter Client Support Services function of Marsh McLennan Global Services (MMGS) the colleague would support Operations team. The role will be based in Mumbai Hiranandani office. This role will be an extension of the existing IMEA BSS team and entitled; IMEA Broker Support Administration

    Job Title: Lead Specialist/Deputy Manager

    What can you expect?

    • You will part of the team working with reinsurance professionals with a range of experience having strength in operations, claims, and compliance, broking and reinsurance placements both Treaty and Facultative
    • There is a requirement to have a broad awareness of the Reinsurance market and all aspects impacting the same and influencing the practices followed in the servicing clients/Insurer
    • Ensuring smooth collaboration with other technical experts across locations
    • Monitor the agreement, following up with clients and reinsurers
    • Handling enquiries from Reinsurers and clients
    • An opportunity to understand end to end lifecycle of Re-insurance Broking
    • A place to enhance your knowledge and leadership skills
    • Immense opportunity to lead Change Management initiatives

    We will count on you to:

    Responsible for the 90 day pre-renewal set up which includes:

    · Account Status check up

    · Initial Renewal Slip set up

    · Set up Firm Order / Placement Monitor and Quote Monitor sheets used during the placement stages

    · Internal folder set up for renewal / new business (K Center and Internal Shared Folder)

    · Initial set up for OpenTWINS record

    Responsible for post placement tasks which includes:

    · Completion of internal checklists and any other compliance related documents required for audit purposes

    · Completion of Opening Memo providing processing instructions for CSS

    · Ensuring email correspondence related to each placement being filed in the correct K Center and internal folders

    · Risk Load in to OpenTwins

    · Issuance of Evidence of Cover (EOC)

    · Creation of OneVolve workflow into CSS

    · Updating the BSS Masterlist(s) in conjunction with BSS colleagues to ensure all post placement details are logged at the point where CSS are initiated

    · Preparation of VAT invoices (where applicable) across various territories

    Ongoing responsibility for Account/Adjustment Monitoring

    · Monitoring and where required escalate internally for BSS to chase for overdue quarterly accounts on proportional treaties / premium adjustments for excess of loss contracts

    · Ascertain with CSS status of Accounts/Adjustments in terms of what has been processed and GC revenue attaching

    What you need to have:

    • Good written and verbal communication skills (mandatory)
    • Good Typing speed
    • Logical Reasoning and prioritization skills
    • Problem Solving and Analytical Skills
    • Proficient with MS outlook & MS Excel
    • Team Management Skills
    • 8 -10 year of experience with the Reinsurance

    What makes you stand out?

    • Experience in interacting with international customers (preferred)
    • Excellent presentation and MS office power point skills (preferred)
    • Basic understanding of Insurance principles & terminologies
    • Basic understanding of Risk & Financial regulatory bodies (preferred)
    • Experience in regulations that govern Insurance in our countries of operation (i.e. UK, Australia, Asia) (preferred)

    Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 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 advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit , or follow us on and Twitter.

    Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity or any other characteristic protected by applicable law.

    GUY CARPENTER:

    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.Our Mission is to be our clients most trusted and valuable broker and strategic advisor. For more information, visit and follow Guy Carpenter on and Twitter @GuyCarpenter.

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