Vice President - Parametric Specialist
Company: Marsh and McLennan
Location: New York
Posted on: August 7, 2022
Job Description:
What you can expect:This is a multifaceted role in a rapidly
growing field, with an opportunity to contribute to business growth
locally and globally.You will be an expert in parametric risk
transfer products, withfocus on parametric weather and nat-cat
solutions. Parametric solutions are becoming an increasingly
important risk management tool for our clients across all major
industries, driven by several factors: climate change, increased
weather volatility, hardening property market, and the need from
client stakeholders to diversify their risk management toolbox. You
will be preferably based in Marsh McLennan s NYC global
headquarters, or alternatively in another key US office location,
and be part of the US Parametric Solutions team. The group drives
and places innovative parametric risk transfer solutions for Marsh
clients and is engaged with clients and colleagues globally. We are
responsible for the entire chain of the risk transfer process, from
identifying risk drivers, modeling and structuring, to marketing,
negotiation with insurers and documentation. What's in it for
you?
- A company with a strong band strong results to match.
- Culture of internal mobility, collaboration and valued
partnership with HR from the business.
- Employee Resource Groups which provide access to leaders,
relevant volunteer and mentoring opportunities and interactions
with counterparts in industry groups and client organizations.
- Competitive pay (salary and bonus potential), Full benefits
package - starting day one (medical, dental, vision, STI/LTI, life
insurance, generous 401k match AND contribution. We will count on
you to:
- Understand clients needs across various industries, develop
targets, identify risks and develop parametric solutions
- Gather and analyze clients financial data, as well as 3rd party
parametric index data
- Work with senior team members and use existing models to help
design tailored solutions
- Develop material for client presentations, internal and
external sales efforts, and colleague training on parametric
solutions and trends
- Participate in meetings with clients and internal colleagues to
discuss exposures and solutions
- Administer electronic data and file storage, as well as
distribute documentation to clients
- Prepare term sheets and quote summaries for clients
- Maintain internal logs of live deals, placement process, as
well as market and client contacts
- Review insurance policies and financial contracts, and identify
potential pitfalls and improvements
- Perform loss calculations for existing client contracts What
you need to have:
- Bachelor s degree in a technical field; masters or math/science
degree preferred
- 5-10 years of experience, preferably working in the
re/insurance industry as a broker or underwriter
- Experience with parametric solutions or a closely related
field, with technical background
- Client-centric empathy and drive to bring better understanding
of weather and natural disaster risk to less technical
audiences
- Curiosity and eagerness to constantly learn and apply new
solutions. Ability to face and troubleshoot difficult and complex
problems
- Can work independently with minimal supervision with ability to
manage projects/processes
- Ability to influence others within and outside of the job
function regarding approach and procedures
- Ability to develop strong internal/external client-oriented
solutions
- Superior detail orientation, excellent communication,
interpersonal, and time management skills
- Strong teamwork skills, hard working with a constant positive
attitude
- Strong Microsoft Office skills, especially Excel (including
VBA)
- Bonus skills: programing (R, Python), experience with GIS data
and nat-cat modeling
Keywords: Marsh and McLennan, New York , Vice President - Parametric Specialist, Executive , New York, New York
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