Workers Compensation Placement Broker

Company:

Marsh

Description:

We are seeking a talented individual to join our Workers Compensation team at Marsh. This role can be based in Melbourne or Sydney. This is a hybrid role that has a requirement of working at least three days a week in the office.

The Workers Compensation Placement Broker provides specialist broking support for workers’ compensation programmes across Australia. You will work closely with senior brokers and clients to develop tailored placement strategies, negotiate with insurers and reinsurers, and manage policy administration across complex arrangements. You will also contribute to market management, data and analytics, and the development of products and solutions for large employers.

We will count on you to:

• Analyse client risk exposures and workers’ compensation portfolios to recommend cost-effective placement and risk transfer strategies aligned with client objectives
• Prepare clear underwriting submissions, renewal proposals, quotations and placement documentation that set out risk profile, coverage options and financial implications
• Support senior brokers and large employers with workers’ compensation policies for large employers in underwritten jurisdictions, including multi-state placements, self-insurance, managed fund structures, excess layers and bespoke arrangements
• Monitor market conditions, insurer appetite and pricing trends, and translate market intelligence into practical placement advice
• Use data and analytics to support team market management, reporting and placement decisions
• Respond promptly to client queries, resolve issues to maintain service quality and escalate complex matters when required
• Assist with product development, market positioning and contractual reviews to support new opportunities and service offerings

What you need to have:

• Demonstrated technical knowledge of Australian workers’ compensation legislation across jurisdictions and premium determination methods, including experience/retrospective rating and loss-sensitive schemes
• Experience with self-insurance, managed fund or nominal insurer arrangements, excess layers and reinsurance placements
• Proficiency in claims exposure assessment, financial analysis and interpretation of financial statements and industry metrics
• Advanced Excel skills and proficiency with Power BI for modelling, analysis, reconciliation and reporting
• Excellent written and verbal communication, negotiation, time management and conflict resolution skills

What makes you stand out:

• Experience using broking platforms, Word and PowerPoint to support presentations, documentation and reporting
• A client-focused approach with a high level of attention to detail
• Ability to build productive relationships with clients, internal stakeholders and insurance and reinsurance partners

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

Applications can be considered from candidates who have the appropriate approval to work in Australia. Successful applicants will be required to complete a criminal & bankruptcy check prior to commencement of employment.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.Marsh 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. Applications will only be considered from candidates who have the appropriate approval to work in Australia. Successful applicants will be required to complete a Criminal & Bankruptcy check prior to commencing of employment.Marsh 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 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.