Business Insurance Analytics Associate

Marsh McLennan Agency (MMA) is a leading provider of business insurance and employee benefits solutions. The Business Insurance Analytics Associate will support the National BI Analytics Leader in executing MMA’s analytics strategy to enhance client retention and growth through data analysis and actionable insights.

Responsibilities:

• Identifies trends in claims data through various analytical tools that can be improved through safety, claims management, risk transfer, or other risk management techniques
• Supports and strengthen negotiations with underwriters
• Justifies collateral reductions for clients
• Quantifies future losses based on trends and actuarial methodologies
• Advises clients on insurance program options to select the best fit for their company
• Supports research and development of new tools and deliverables as directed
• Enables clients to adequately and accurately budget for loss sensitive program adjustments
• Accompanies Producers, Account Executives and other team members as required to client meetings and presentations to explain analytical tools and results
• Partners with National Business Insurance teams on group initiatives
• Displays measurable results that we have created for clients
• Works with Producer and/or Account Executives, service team, and other internal departments to plan, execute, and track customized service strategy for each client, designed to create measurable value and efficiencies in their businesses
• Analyzes risk, coverage, program structure and recommends options
• Takes an enterprise-wide approach to client service by collaborating with other service teams to create a cohesive client service experience
• Manages time effectively to prioritize workload, client service requests, and service parameters on business processes
• Operates as the technical expert in Analytics, providing analytical resources to account team staff and clients
• Collaborates with other Regional Analytics resources on best practices
• Assists in educational presentations for account team staff to continue their development and keep to date on analytical capabilities available

Requirements:

• BS/BA in insurance & risk management, actuarial science, business administration, accounting, finance, economics, mathematics, statistics
• 2 to 5 years of insurance analytics experience
• Proficiency in Microsoft Office Products, including Excel and PowerPoint
• Strong interpersonal and effective communication skills
• Property & Casualty underwriting experience with a focus on analytics
• Property & Casualty Actuarial experience
• Knowledge of property & casualty insurance analytics concepts and tools