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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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