Specialist - Insurance Operations

3 days ago

Mumbai, Maharashtra, India Marsh Full time

Marsh is seeking candidates for the following position based in the Mumbai office:

Specialist – Insurance Operations

What can you expect?

  • An opportunity to understand end to end lifecycle for UK Insurance Broking
  • A place to enhance your knowledge on work which is undergoing transition
  • We have robust training around understanding insurance concepts and business knowledge.

What is in it for you?

  • Learn about the system and process
  • Enhance your skills via various development programs offered in-house
  • Opportunity to build on your Insurance knowledge through CII course
  • All benefits as per the location HR policy will be applicable

We will count on you to:

  • Undertake monitoring reviews in line with group policies and procedures and suggest corrective actions / remedial measures to business.
  • Interpret clauses of Insurance and Reinsurance contracts with specific emphasis on Scope, Coverage, and Limitations.
  • Understand group & company procedures and monitor compliance in terms of the business placed by the Group.
  • Review and compare policy wordings across different classes of business to advice business with regards to scope and limitations of cover.
  • Recommend pragmatic and effective remedial measures to business for addressing any procedural breaches caused during the placement process.
  • Understand market practices which impact the broking activities and align review methodology to reflect commercial realities.
  • Appropriate usage of Marsh's systems for conducting reviews and monitoring and recording information, ensuring that systems are correctly used during the process.
  • Deliver on KPI's as per company standards.

What you need to have:

  • Good verbal and written communication skills
  • Attention to detail
  • Ability to learn new processes and systems, ability to adapt to change
  • Ability to prioritize and organize tasks
  • Ability to work independently and as a part of a team
  • Graduate
  • 3-6 years of experience in insurance broking domain

What makes you stand out?

  • Any Insurance qualification or certification will be an added advantage.
  • Analytical ability
  • Good working knowledge of MS Excel.

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 , follow us 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, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, 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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