Risk Analyst - All Locations - Guy Carpenter College Program 2022

Job description

The Risk Analyst is responsible for developing the functional skills required to coordinate all broking placement activities of the account. The Risk Analyst provides support to all account team members and contributes to strategic recommendations and problem solving for clients. The Risk Analyst should develop a broad understanding of the environment in which the insured operates, and the marketplace in which the transactions Guy Carpenter handles take place. The Risk Analyst will assist in the broking team with client and market research and financial analysis for current and prospective clients. The Risk Analyst will be responsible for communicating particulars for the account internally, including the clients budgeted revenue to management and details about the placement to GC Specialties for inclusion in market and peer studies.ESSENTIAL JOB RESPONSIBILITIESBroker SupportData collection and analysis in building reinsurance submission for client assignmentsAssist in renewing reinsurance programs. Provide brokers with research analysis as needed.Update Brokers on issues, progress etc, regularly and upon requestAssist in responding to client queries and concerns, resolving issues promptlyAssist in monitoring accountings, (premium payments, loss collections, etc) anticipating and preventing problems when possibleAssist with broker review on contract documentation, ensuring contract drafter has accurately captured terms and conditions of placementAssist in timely production of contract documentation and follow-up, ensuring timely flow of materialsAssist with scheduling of reinsurer audits and visits with clientLearn BusinessMaintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc) with the help of Market Information Department and Market Reference GuideAnalyze client risk and develop and present recommendationsDevelop broking and functional skillsBest Practice Procedures and Compliance PoliciesUnderstand all best practice procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Guy Carpenter.Follow all best practice procedures and compliance requirements, including but not limited to building a complete placement file as the placement progresses to minimize errors & omissions.Client ServicesAssist broking team in designing new programs for clients' unmet needsRespond to client requests for information (reinsurer, financial reports, industry issues, etc), as directed by senior broker, coordinating with Market Information and other departments as necessary, and clearing with senior broker.QUALIFICATIONSBachelor's Degree is requiredRelevant work experience is a plusStrong interpersonal skills for establishing and maintain good client, reinsurer, and internal relationshipsGood ability to organize and pay attention to detailGood verbal and writing skills for complex communications with clients, markets and GC colleagues at many levelsGood ability to prioritize workload according to volume, urgency, etcStrong academic record in major and summer internship or other work experienceGood problem solving skills and financial aptitudeGeneral knowledge of business principle and industry trendsGood computer skills using Microsoft Office (Excel, Word, PowerPoint) and Lotus NotesGuy Carpenter & Company, LLC, a leading global risk and reinsurance specialist, has over a 90-year history of providing integrated solutions to the (re)insurance industry. With over 2,300 professionals in more than 50 offices around the world, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services and industry-leading analytics to help our clients achieve profitable growth. As our clients' most trusted and valuable reinsurance broker and strategic advisor, we leverage our intellectual capital to anticipate and solve for a range of emerging strategic business challenges and opportunities. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit for more information and follow us on LinkedIn and Carpenter & Company, LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: