Risk Intern - College Program

Company:

Marsh

Description:

We are seeking a talented individual to join our Broking team at Marsh Re. This role will be based in Atlanta, Boston, San Francisco, Seattle, Tampa, Dallas, Minneapolis, Chicago, Philadelphia, Morristown and New York. This is a hybrid role that has a requirement of working at least three days a week in the office.

Our Impact in the Reinsurance Market
A dynamic and renowned innovator in the reinsurance broking space, Marsh Re helps insurance companies find new ways to manage their risk. As a reinsurance intermediary, Marsh Re’s colleagues are offered a unique opportunity to pursue a career that marries investment banking and consulting. Similar to an investment bank, we broker a specific type of financial transaction called reinsurance. Comparable to a consulting firm, we leverage our reinsurance expertise to help our clients anticipate and navigate change, providing them with a business edge that goes beyond the insurance transaction. Our full company platform includes broking expertise, strategic advisory services, and best-in-class analytics, giving insurers the confidence they need to grow and protect their business. 

We thrive on working together, harnessing our collective intelligence across teams, borders, and backgrounds. We are looking for an individual who is proactive, innovative, a self-starter and enjoys building relationships with clients, reinsurers and colleagues.

What is Reinsurance?

Reinsurance is a risk transfer agreement that is often referred to as “insurance for insurance companies”. Insurance companies purchase reinsurance from other carriers to protect against the risk of a major claims event. Marsh Re supports insurance companies as they navigate the market to find the best reinsurance solutions for their needs. Given the important role we play in global risk mitigation, we enable insurance companies the opportunity to protect individuals against unforeseen loss.

Fulfilling Your Potential

The Risk Intern is a feeder role for our Risk Analyst position which is the entry level to the reinsurance Broker career track. Our Brokers are client advocates in the reinsurance transaction negotiations but also leaders in advising the right risk mitigation techniques; their financial broking expertise helps drive favorable terms for our clients, and their important advisory role impacts how the c-suite of insurance companies make decisions.

Why Marsh Re

At Marsh Re, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.

We will count on you to:

• Support all account team members and contribute to strategic recommendations and problem solving for clients
• Develop a broad understanding of the environment in which the insured operates, and the marketplace in which the transactions Marsh Re handles take place
• Assist the broking team with client and market research and financial analysis for current and prospective clients
• Develop competencies through a comprehensive and engaging curriculum centered around networking and collaboration 

What you need to have:

• Fully matriculated student pursuing a Bachelor's degree is required with an expected graduation date of December 2027 or Spring 2028
• Strong computer skills using Microsoft Office (Excel, Word, PowerPoint)
• Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

What makes you stand out?

• Relevant work experience is a plus
• Strong interpersonal skills for establishing and maintain good client, reinsurer, and internal relationships
• Strong analytical and quantitative skills
• Strong written and verbal communication skills
• Ability to work under pressure and to meet deadlines
• Ability to work flexibly as part of multiple teams and autonomously
• Ability to juggle changing priorities and varied workload

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

The applicable hourly rate for this role is $27.00-29.00 depending on location.
 

What's next:

Application Instructions:  

• Application deadline is Saturday, October 31st at 11:59pm EST
• We are hiring in multiple locations. As you are filling out your application, you'll have the opportunity to select your desired location. Should you have interest in multiple locations, your recruiter will work with you to make those connections should that be necessary. 

 First Round Interviews:  

• Applications are reviewed on a rolling basis.  
• If selected, first-round interviews consist of an on-demand digital video interview.  
• Further timing and instructions will be provided at that time.

Consider watching Max Aronchick's reflection on his early days at Marsh Re - Building an InsurTech Career | Ep. 5 | Careers That Matter - YouTube

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 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 [email protected] 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.