Senior Alternative Risk Analyst at MMC in SCHAUMBURG, Illinois

Posted in Other 2 days ago.





Job Description:

About Marsh McLennan Agency Midwest

Marsh McLennan Agency's Midwest Region is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country. MMA Midwest is consistently recognized as a top workplace, attracting and retaining its insurance talent by rewarding expertise and investing in career development. Colleagues enjoy an award-winning culture that fosters a highly productive and results-driven working environment.



A day in the life.



As a Senior Alternative Risk Analyst, you will play a vital role in the daily operations of captive accounts within the Alternative Risk sector. You will manage the technical aspects of captive accounts, facilitate communication with clients and brokers, and oversee underwriting processes to provide excellent service. You will work closely with production teams to create tailored service plans that enhance client satisfaction and ensure the financial success of captive programs.



Our future colleague.



We'd love to meet you if your professional track record includes these skills:


  • Strong ability to actively engage in the alternative risk industry by building relationships with captive managers, service vendors, and insurance carriers, while ensuring compliance for captive accounts


  • Proficient in serving as the primary contact for Business Insurance service teams and overseeing the proposal and renewal processes for captive accounts


  • Skilled in developing strong relationships with production teams, managing underwriting processes, coordinating with actuaries, and leading meetings to facilitate effective decision-making


  • Expertise in ensuring efficient client service through workflow management, analyzing captive program needs, verifying financial transactions, preparing budgets and proposals, maintaining accurate client files, and upholding data completeness and quality standards


  • Demonstrated ability to manage monthly premium allocation for captive members/managers through advanced Excel worksheets




These additional qualifications are a plus, but not required to apply:


  • 5 + years of experience in risk analysis or alternative risk management


  • 2+ years of experience working on captive programs


  • Strong analytical skills with the ability to interpret complex data sets




We know there are excellent candidates who might not check all these boxes. Don't be shy. If you're close, we'd be very interested in meeting you.



A Great Place to Work. A Great Place to Perk.



Recognized for workplace culture by the likes of Fortune Magazine, The Chicago Tribune and more, our colleagues enjoy an environment that fosters creativity as well as individual and organizational growth. A small sampling of the benefits our colleagues enjoy include:


  • Medical, dental, vision, 401K benefits and more


  • The flexibility to work at home or an office, based on your discretion and schedule


  • Start with 20 days of paid time off


  • A paid day off to volunteer and company-organized volunteer events


  • Up to $1,000 per year in matching charitable donations


  • Up to $750 per year in wellness rewards


  • All the nitro cold brew coffee and sparkling water you can drink


  • A company-wide mentality that you can never appreciate your co-workers too much





Who You Are is Who We Are



MMA Midwest has created an award-winning culture largely due to meeting our colleagues where they are, celebrating their differences and building an inclusive environment. We challenge ourselves to create a workplace where our colleagues feel not only welcomed, but feel they belong; where we not only embrace diverse perspectives and opinions but seek them out; and where we ask not how a colleague fits our culture, but what they add to it.



Marsh McLennan and its affiliates are EOEMinority/Female/Disability/Vet/SexualOrientation/Gender Identity employers.



To learn more about a career at MMA, check us out online: http://marshmma.com/careers or flip through our recruiting brochure: https://bit.ly/3Qpcjmw


Follow us on social media to meet our colleagues and see what makes us tick:


  • https://www.instagram.com/lifeatmma_midwest/


  • https://www.facebook.com/MMAMidwest


  • https://x.com/MarshMMAMidwest


  • https://www.linkedin.com/company/marsh-mclennan-agency




#MMAMW


#MMABI
#LI-Hybrid


The applicable base salary range for this role is $79,900 to $139,900.


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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