Reinsurance Consultant

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US012 Marsh & McLennan Agency LLC


Stop Loss Consultant
US012 Marsh & McLennan Agency LLC • United States • via Workday
Full–time
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Job description
Company: Marsh McLennan Agency Description: The Stop Loss Consultant is tasked with supporting and helping to grow the Center of Excellence for Stop Loss. The Stop Loss Consultant works with the Account and Underwriting Teams, exercising discretion and independent judgment, providing financial analysis and utilizing modeling tools to evaluate benefit programs and their impact on overall business objectives, including the management and control of client risks and losses. ESSENTIAL DUTIES AND RESPONSIBILITIES include, but are not limited, to the following: Partner with carriers and internal teams to build and maintain schedules for client renewal and data collection to ensure consistent and timely receipt; Perform underwriting, financial, and risk analysis support for internal teams and their respective consulting clients; Responsible for clients’ benefits marketing process, such as: data acquisition, request for proposal (RFP) preparation, vendor question resolution, proposal review and analysis, and client exhibit and presentation preparation; Perform the analysis and negotiation of rates and plan options with insurers on behalf of clients to secure optimal, cost-competitive benefit plans; Validate renewals and proposals for accuracy; Work closely with MMA Agency contacts to help intake Stop Loss process but to also educate Agency on self-funding, stop loss and captives as appropriate. Coordinate with team member to understand Stop Loss RFP status and overall panel block positions; Update Leadership on identified trends in stop loss market including tracking DTQ rate, overall renewal positions and contractual concerns to be addressed as part of ongoing panel management conversations; Support MMA stop loss captives quoting process; Review RFP/Renewal results as requested by MMA East or local MMA Agency; Help support Stop Loss claims tracking process; Help compile the results of the annual Request for Information process of potential Stop Loss Panel participants to determine panel selection recommendations as well as suggested changes to overall agreement to obtain optimal concessions for the Center of Excellence; Experience and knowledge of other lines of coverage, such as Dental, Vision, Health Savings Accounts, Flexible Spending Accounts and COBRA Administration to build out a Center of Excellence Model including creation of detailed RFIs to complete market evaluation; Help review and provide best practice recommendations on current MMA East models and outputs including financial analysis, qualitative and quantitative analysis, disruption and discount analysis as needed for other lines of coverage; Maintain quality service standards and organization to assure timely service to MMA East and MMA Agency teams; Remain abreast of the dynamic, competitive insurance environment, new and complex insurance initiatives, appropriate data analysis techniques and constantly changing legislation that governs business; Support other initiatives of the Strategic Initiatives Division and Underwriting Team as needed. REQUIRED EDUCATION AND EXPERIENCE: Bachelor’s Degree in Risk Management & Insurance, Actuarial Science, Mathematics and/or other related field is preferred or equivalent experience is required; Minimum of two years prior work experience the Benefits Brokerage, Consulting, or Insurance industry; Strong background in self-funding, stop loss underwriting required. KNOWLEDGE, SKILLS AND ABILITIES Strong organizational, analytical skills and strong attention to detail; Excellent troubleshooting, decision making and problem solving skills; Proven ability to support multiple projects simultaneously with attention to detail and process; Ability to multi-task and work in a fast-paced environment; Excellent verbal and written communication skills; Ability to prioritize projects and meet deadlines; Ability to follow through on and successfully execute tasks while adhering to specified quality standards; Must be able to effectively interact with people internal and external customers Intermediate knowledge of MS Office Suite (Word, Excel, Access, Outlook), working knowledge of pivot tables. Who you are is who we are. 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, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, ****** 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 and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers. #MMA The applicable base salary range for this role is $52,000 to $+6,+00. 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. Applications will be accepted until: March 28, 2025 Click here to return to the MMC Careers Site Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 76,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit mmc.com, follow us on LinkedIn and Twitter @mmc_global or subscribe to BRINK.
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JM&A Group


Reinsurance Consultant
JM&A Group • United States • via LinkedIn
4 days ago
Full–time
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Job highlights
Identified by Google from the original job post
Qualifications
Bachelor's degree in Finance, Business Administration, Accounting, or a related field, or equivalent practical experience
Proven experience with automotive F&I participation structures, including Reinsurance and Dealer Owned Warranty companies, along with a strong understanding of related financial products, services, and associated tax implications
Demonstrated ability to effectively communicate complex concepts clearly to stakeholders and manage multiple tasks simultaneously
6 more items(s)
Benefits
The pay range for this position is 71,2+1 - 148,067
Actual base pay will be determined by factors including candidate experience and qualifications, education and work location
At JM Family, we offer an extremely competitive benefits package tailored to your needs and those of your family
4 more items(s)
Responsibilities
As a Reinsurance Consultant, you will focus on supporting our Field Sales team within a specific geographic zone, working closely with zone leadership
Your primary responsibility will be to help the sales team engage with Automotive Dealer Principals and profit-participating owners to select and optimize their participating structures related to finance & insurance products
You will leverage your subject matter expertise to provide strategic consultation, drive improvements in participation structure portfolios, and ensure alignment with client goals and regulatory requirements
12 more items(s)
More job highlights
Job description
As a Reinsurance Consultant, you will focus on supporting our Field Sales team within a specific geographic zone, working closely with zone leadership. Your primary responsibility will be to help the sales team engage with Automotive Dealer Principals and profit-participating owners to select and optimize their participating structures related to finance & insurance products. You will leverage your subject matter expertise to provide strategic consultation, drive improvements in participation structure portfolios, and ensure alignment with client goals and regulatory requirements. Your role will involve close collaboration with key stakeholders and internal teams to deliver actionable insights and effective solutions.

Responsibilities
• Manage structure consulting activities in a designated sales zone, qualify reinsurance candidates, and coordinate information for business plans, trust accounts, and tax returns. Collaborate with dealer partners and internal resources to recommend improvements.
• Provide valuable consultation to Automotive Dealer Principals on profit participation solutions to meet their goals. Proactively evaluate and recommend improvements to portfolios, fostering strong relationships and enhancing business retention.
• Cultivate and manage relationships with Dealer Principals, CFOs, CPAs, legal advisors, management companies, and trustees. Assist Field Sales with dealer interactions via meetings, virtual consultations, calls, and written correspondence regarding structure options, investments, and proformas.
• Use sales projections to develop solutions for at-risk Section 831(b) reinsurance companies. Ensure compliance with IRS limits and business purposes.
• Assist in providing training to the Field Sales team on participation structures and related concepts and support escalations in the formation processes. Participate in annual reviews with reinsurance partners to assess and refine structures using actuarial related data as needed.
• Maintain a strong understanding of participation structure agreements and related documents to expedite review and approval, and effectively explain them to dealer customers and stakeholders.

Qualifications
• Bachelor's degree in Finance, Business Administration, Accounting, or a related field, or equivalent practical experience.
• Proven experience with automotive F&I participation structures, including Reinsurance and Dealer Owned Warranty companies, along with a strong understanding of related financial products, services, and associated tax implications.
• Demonstrated ability to effectively communicate complex concepts clearly to stakeholders and manage multiple tasks simultaneously.
• Effective consultation skills with ability to build and maintain relationships with automotive dealer customers, business partners, and other key stakeholders.
• Advanced proficiency in Microsoft Excel, with an aptitude for data analysis and reporting, along with comprehensive knowledge of the Microsoft Office Suite (Word, PowerPoint, Outlook, SharePoint).
• Excellent problem-solving skills, strategic thinking, and a commitment to continuous learning and professional development.
• Ability to travel up to 25% of the time.

This will be a remote position for anyone living outside of Miami-Dade, Broward, or Palm Beach counties. For candidates within those counties, it will be a 3-day, in-office, hybrid position

The pay range for this position is 71,2+1 - 148,067. Actual base pay will be determined by factors including candidate experience and qualifications, education and work location. At JM Family, we offer an extremely competitive benefits package tailored to your needs and those of your family. Beyond base pay, this position is eligible for an annual discretionary bonus as well as participation in our robust retirement plans including 401k, profit sharing and pension. Yes, you read that right, a pension plan! We offer medical, dental and vision insurance, as well as flexible spending accounts. We also provide access to emergency backup care and family support services, supplemental life insurance, a lifestyle spending account, parental leave and paid time off. During your interview process, our talent team can fill you in on the details of our benefits and career development opportunities.

This job description may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time at the sole discretion of JM Family. All work arrangements are subject to associate performance, business need and manager discretion, and may be revised as necessary.

JM FAMILY IS PROUD TO BE AN EQUAL OPPORTUNITY EMPLOYER

JM Family Enterprises, Inc. is an Equal Employment Opportunity employer. We are committed to recruiting, hiring, retaining, and promoting qualified associates without regard to age, race, religion, color, gender, *** (including pregnancy, childbirth and related medical conditions), ****** orientation, gender identity, gender expression, mental or physical disability, national origin, marital status, citizenship, military status, genetic information, veteran status, or any other characteristic protected by federal, state, provincial, or local law.

DISABILITY ACCOMMODATIONS

If you have a disability and require a reasonable accommodation to complete the job application process, please contact JM Family’s Talent Acquisition department at talentacquisition@jmfamily.com for assistance. If you have an accommodation request for one of our recruiting events, please notify us at least 72 hours prior so that we may provide assistance.

United States
Alabama
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