Vice President - Parametric Solutions - Structuring & Analytics

Company:

Marsh

Description:

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 Global 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 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, with focus on parametric weather and forced outage 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, widening protection gap, hard property market, and the need from client stakeholders to diversify their risk management toolbox.

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

• Lead internal and external client meetings to discuss exposure and possible solutions

• Leverage a deep understanding of all available parametric products and solutions, with focus on weather and forced outage risks, to educate clients on pros and cons of these alternative risk finance options

• Liaise closely with property, power & energy, parametric origination team members to develop, present and place tailored client solutions

• Work with senior team members to develop marketing strategy

• Collaborate closely with internal property, industry and regional leaders to identify targets

• While the focus of this role is on the US, we will count on you to support parametric team members globally with client-focused marketing efforts

• Develop material for client presentations, internal and external sales efforts, and colleague training on parametric solutions and trends

• Review insurance policies and financial contracts, and identify potential pitfalls and improvements

• Take responsibility for the entire process, from the initial educational calls, to placement, documentation, and post-binding support

• Follow the established internal processes and standards, including compliance, data storage, term sheets, and client presentations

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 & Power Point

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 embracing 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, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.

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.

The applicable base salary range for this role is $104,600 to $222,900.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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