Marsh & McLennan Companies Policy Review Specialist - Marsh - Toronto in Ontario, Canada
This role provides administrative support and document review in the renewal process to ensure that communication and process flow between Marsh, carriers and clients is timely and consistent from submission to policy issuance. This role is also responsible for gathering, reviewing, and some analysis of required client information to ensure that materials produced are accurate and meet the requirements of the Broking Teams to present the information to the clients and carriers and make the appropriate recommendations. The colleague in this role requires specialized insurance knowledge to be able to fulfill their role as coach and mentor to other Insurance Specialists. Role is responsible for more complex policies and renewals, i.e. multi-layered, co-insured placements plus specialized placements such as product recall. This role requires more in-depth technical knowledge across specialties and confidential placements such as construction tender projects.
Administration and Documentation
- Ensure timely & accurate processing of:
o core brokerage tasks
o client and carrier documentation
o computer system records, data, and files in MDOCs
o current and outstanding documentation follow ups
o miscellaneous correspondence
Responsible for quality transactions, seamless client service and quality of work product.
Responsible for the review of simple to complex policy wordings (mid-term endorsements, audits and adjustments) across various industry segments; achieved by comparing certified policy and/ or binder to policy issuance request as per established best practices
Adhere strictly to the company's quality practices and other systems and procedures, professional standards, Greater Good
Comply fully with the Company's Errors and Omissions avoidance policy
Comply with company policy for continuous professional development
Possess a thorough working knowledge of all aspects of the Insurance (Agents & Brokers) Act, Insurance Contracts Act, Fire Services Levy, Stamp Duties, Worker's Compensation and other relevant legislation
Customer Awareness and Focus
Maintain a solid understanding of the core aspects of relevant Insurance and related legislation
Lead and/or participate in stakeholder engagement sessions and work in partnership with brokers on identified initiatives to improve client experience
Understand the needs and expectations of Marsh external clients and ensure the delivery of quality service to colleagues and client teams
Manage escalated calls, complaints, questions, and queries as necessary
Develop awareness of key stakeholders of the Operations team
Builds and maintains relationships with the appropriate level at Insurer to ensure effective execution in post placement services, as well as maintaining customer service to Client Team and peers
Technical Support and Coaching
Provide coaching and support to Operations team
Act as a mentor to Insurance Specialists to ensure they have working knowledge of systems and processes within OMCB.
Provide assistance to Operations Team Leaders by acting as a point of escalation as required
Identify opportunities for improvement within operational processes and work with colleagues and Operations Services Team Leaders to deliver improvements
Provide Subject Matter Expertise (SME) support to business stakeholders and participate in group and business unit lead initiatives.
- College or university degree (or equivalent experience) required
3-5 years of work experience required, with 3 years previous insurance experience required.
Ability to review simple to complex core commercial coverage’s and coach junior colleagues to enhance their capability
Knowledge and skills:
Intermediate Insurance knowledge in one or two product families
Clear and concise oral and written communication skills
Comfortable and experience working with technology (solutions)
Proficient in Microsoft Office tools (or equivalent) – Outlook, Word and Excel
Strong numerical skills
Excellent organization skills – able to prioritize work and meet deadlines
Excellent interpersonal skills – able to work within a team
Demonstrated leadership qualities
Strong networking skills
Strong problem solving capabilities
Ability to handle complex and difficult negotiations and influence stakeholders
Broker License, other certification or licenses as required by jurisdictions
Demonstrated fulfillment of CIP courses, CIP
In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or a medical need, feel free to contact Stephanie Joseph at 1 416 349 4855 or via email:email@example.com
Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world. To every client interaction we bring an unmatched combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration. Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit www.marsh.com for more information and follow us on LinkedIn and Twitter @MarshGlobal
Marsh and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.
Title: Policy Review Specialist - Marsh - Toronto
Requisition ID: TOR002FP