Marsh is seeking candidates for the following position based in the Singapore office:
Vice President, Regional Construction Placement Team, Asia
What can you expect
- Marsh Asia has an exciting opportunity for a suitably experienced and qualified placement specialist to bring his/her expertise, insights, and experience to match clients insurance needs with appropriate carrier coverage.
- Construction is an essential industry for the global economy and activity in the sector is constant.
- There will always be a need for the renewal of existing and the creation of new infrastructure. But as the build cycle is often driven by socio-economic factors, it can be quite volatile. Construction companies need to have an acute awareness of current and emerging risk issues and be able to respond quickly to changing circumstances.
- Marsh's globally integrated team of construction industry specialists helps clients deliver construction projects in all regions of the world. For more than 30 years, this team have supported businesses by accurately assessing their risks, minimizing uncertainty, and embracing safety as a business enabler. Our experts work alongside our client to craft construction risk and insurance strategies. They help our clients design and implement programs that align to their strategic objectives, optimize their capital, and protect their business now and into the future.
What is in it for you
- This will be an exceptional opportunity to collaborate and work alongside a highly motivated, well established and professional team based in Singapore.
- Be part of a reputable and recognized brand in the insurance and risk management industry by working with and learning from industry leading experts in the field
- Unprecedented opportunity to meaningfully impact our clients and make a difference
- You will also get access to colleague resource groups across the globe providing engagement, mentorship and development opportunities, to help you build a sense of connection and community throughout your career.
We will count on you to:
Reporting to the Asia Construction Placement Team Leader, the principal responsibility of the role is the placement and account management of clients and projects. This will include all facets of the broking life cycle, including the following.
- Uses risk expertise and knowledge of industry and carriers to develop placement solutions that meet client needs.
- Develops and implements the strategic direction for market approach and tenders
- Drives placement strategies to achieve growth goals and provides exceptional client service
- Manage market negotiations and placements
- Advise clients and client executives on best technical practices and on changing insurance market conditions/major developments affecting various types of products/coverage
- Build relationship with key internal stakeholders in local offices, client executives as well as the construction insurance/reinsurance market
- Account management of large construction projects, such as project financing, contract reviews and bespoke placement structures
- Build a strong understanding of our solutions portfolio, a deep understanding of the Marsh Construction customer value proposition, and our key differentiators
- Working with the client executives and claims team on progression of client claims
- Oversees placement support activities and ensuring internal procedural compliance requirements are always met
What you need to have:
- Minimum 5 years relevant experience in insurance broking and placement, preferably in Construction/Power/Energy sectors
- Proven technical broking skill to manage large and/or complex placements. Deep underwriter relationships and an established positive reputation in the insurance market
- Excellent communication and interpersonal skills.
- Process oriented and able to prioritise projects and deliverables.
- Clear understanding of a project life cycle and the key criteria for successful execution.
- Commercially credible with the ability to express value propositions and cost benefits.
- Proven record of driving growth, delivering strong financial results and providing excellent client service.
What makes you stand out
- The candidate is expected to have a tenacious ability to drive results by being creative and innovative, combined with exemplary team working and rigorous attention to detail, such that they deliver positive outcomes for both the client and Marsh.
- Strong negotiating skills alongside a collaborative approach to building and delivering success
- Self-motivated and enthusiastic combined with a positive attitude.
Marsh is the world's leading insurance broker and risk adviser. With more than 45,000 colleagues advising clients in over 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and X.
Marsh McLennan is committed to creating 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, or any other characteristic protected by applicable law.
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.
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