Facultative Leader Senior Vice President
About the job
- Have a minimum of 10 years of solid experience in facultative or property and casualty broking, focused on the reinsurance sector.
- Have strong experience in facultative markets, particularly in Korea.
- Have a bachelor's degree in a relevant field, such as insurance, risk management, or a related discipline.
- Have a customer-focused approach and a strong sales drive.
- Have a proven track record of delivering exceptional service to clients.
- Have experience in team leadership, including growing, managing, and mentoring a team.
- Have strong communication skills in English and Korean.
- Produce and manage business development and revenue generation for the Korean facultative business.
- Lead and manage relationships with reinsurance markets.
- Develop and present new, renewal, and prospective presentations to clients and reinsurers.
- Produce new clients, design programs for them, and establish relationships through meetings.
- Support best broking practices, including client proposals, presentations, market submissions, and execution.
- Work with other brokers, technical support, and placement teams to ensure a high-quality business process.
- Ensure business operations and documentation comply with professional standards.
- Liaise with Guy Carpenter’s global network to obtain expertise and support.
- Mentor and develop the team.
- Provide technical training to clients and colleagues.
- Have proficient Microsoft Office skills and be able to leverage digital tools and technology effectively.
- Have the ability to manage and network in a multicultural environment, with the gravitas and presence to influence and build collaborative relationships with stakeholders.
- Have established market connections and relationships with local insurers.
- Be commercially astute and demonstrate strong business sense.
About the company
Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
New York, NY
Founded
1871
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Simplify's Take
What believers are saying
- Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
- Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
- Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.
What critics are saying
- Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
- Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
- Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.
What makes Marsh & McLennan unique
- Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
- Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
- Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.
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