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Marsh & McLennan Companies
New Jersey, United States
(on-site)
Posted
1 day ago
Marsh & McLennan Companies
New Jersey, United States
(on-site)
Opportunity Type
Other
Insurance Coverage Consultant
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Insurance Coverage Consultant
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Description
The Complex Liability Consulting (CLC) practice of Risk Consulting, Marsh offers unparalleled expertise across a broad spectrum of coverage challenges, including insurance archaeology, policy analysis and mapping, electronic database solutions, allocation modeling, insurer negotiations, and claims and payment tracking. In addition, we have units that ensure effective contractual risk and manage WC Qualified Self-Insured and monopolistic state filings to maintain coverage. We are seeking an Insurance Coverage Consultant to join and help grow this high-impact practice.What can you expect?
- Implement strategic plans and advanced technology to maximize clients' insurance recoveries for mass tort and complex claims such as toxic tort, environmental, pollution, asbestos, sexual assault, concussion, and other high-value claims.
- Apply deep understanding of complex insurance programs and industry-specific knowledge; experience with insurance archaeology and legacy policy searches is a plus.
- Provide insightful analysis and recommendations on insurance coverage for clients facing complex liabilities.
- Manage insurer communications, including notice and tender processes, coverage position letters, and information requests.
- Review policy documents to identify key provisions for policy management systems and coverage charts.
- Evaluate cost share agreements and buyout offers to ensure client interests are protected.
- Utilize both coverage expertise and business relationships to negotiate insurance coverage and loss allocation resolutions with adjusters on behalf of clients.
- Maintain client WC Qualified Self-Insured or monopolistic state status through assisting with filing requirements.
- Adhere to company policies for timekeeping, expense reporting, and billing.
What's in it for you?
- Play a vital role in the continued success of the industry's leading coverage consulting practice.
- Opportunities for growth into project management, business development, and leadership roles.
- Enjoy a rewarding level of independence and autonomy, empowering you to take ownership of your work and make impactful decisions.
- Build trusted advisor relationships across the largest client portfolio in the industry.
- Utilize and enhance your claims and coverage technical expertise at the highest level.
- Establish your reputation as a recognized industry leader.
- Join a company with a strong brand and a track record of solving today's and tomorrow's toughest challenges.
- Thrive in a culture that values internal mobility, diversity, inclusion, and collaboration.
- Access Employee Resource Groups offering leadership connections, volunteer and mentoring opportunities, and industry networking.
- Enjoy flexible work arrangements supporting work/life balance.
- Receive competitive pay and comprehensive benefits starting Day 1, including medical, dental, vision, disability, life insurance, employee stock purchase program, generous paid time off, and a 401(k) with company contributions and matching after one year.
We will count on you to:
- Deliver the highest level of technical advice that drives optimal client outcomes.
- Create client deliverables that showcase our value and enhance our reputation.
- Respond promptly and professionally to client requests, instilling confidence and enabling success.
- Lead client needs analysis, develop project plans, and recommend effective approaches.
- Use facilitative and diagnostic skills to help clients articulate complex challenges.
- Show the consultant mindset by proactively identifying and addressing client concerns or issues.
- Develop project requirements and work plans within your practice or technical area.
- Align products and services with clients' key needs.
- Maintain strict client confidentiality.
What you need to have:
- Drive to utilize your expertise in long tail claim and emerging coverage issues at the highest level.
- 5-10+ years of relevant experience evaluating and negotiating coverage on multi year claims at an insurer, third-party administrator, insurance archaeology firm, risk management department, consulting firm and/or law firm.
- Bachelor's degree or equivalent.
What makes you stand out?
- Proven ability to deliver high-end solutions that expand client engagements.
- Recognized for superior, accurate and timely work by clients, project managers, and key stakeholders.
- Creativity and effectiveness in developing materials that address complex client, project, and technical issues in every client interaction.
- Innovating new solutions and services.
- Ability to thrive in a fast-paced, collaborative environment while managing priorities and meeting deadlines.
Marsh Risk is a business of Marsh (NYSE: MRSH), 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 about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.
Marsh 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, 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, 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 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.
The applicable base salary range for this role is $139,800 to $297,900.
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.
Job ID: 82753780
Please refer to the company's website or opportunity descriptions to learn more about them.
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