Company: MarshDescription:We are seeking a talented individual to join our Workers Compensation team at Marsh.
This role can be based in Melbourne or Sydney.
This is a hybrid role that has a requirement of working at least three days a week in the office.The Senior Workers Compensation Placement Broker provides specialist broking support for workers' compensation programmes across Australia.In this role you will analyse client exposures, develop tailored placement strategies, negotiate with insurers and reinsurers, and manage policy administration across complex arrangements.
You will also support market management, data and analytics, client relationship management and the development of products and solutions for large employers.We will count on you to:Analyse client risk exposures and workers' compensation portfolios to recommend cost-effective placement and risk transfer strategies aligned with client objectivesPrepare clear, professional underwriting submissions, renewal proposals, quotations and placement documentation that set out risk profile, coverage options and financial implicationsSupport senior brokers and large employers with complex multi-state policies, self-insurance, managed fund structures, bespoke arrangements and contractual reviewsMonitor market conditions, insurer appetite and pricing trends, and translate market intelligence into practical placement adviceUse data and analytics to support team market management, reporting and placement decisionsMaintain accurate account records, provide regular updates on progress and financial impacts, and uphold service standardsOversee account transactions including premium invoicing, collections and reconciliations, and coordinate timely resolution of payment issuesBuild and maintain productive relationships with clients,
internal stakeholders and insurance and reinsurance partners to support efficient outcomesReview contract documents and advise clients on contractual obligations and legislative restrictions affecting workers' compensation arrangementsKeep current with national and jurisdictional workers' compensation legislation, premium models, policy administration practices and state risk policiesWhere required, review client financial statements and industry-specific metrics to inform pricing, retentions and placement recommendationsBrief and support junior brokers on market developments, account issues and placement approachesWhat you need to have:Demonstrated technical knowledge of Australian workers' compensation legislation across jurisdictions, premium determination methods including experience and retrospective rating, and loss-sensitive schemesExperience with self-insurance, managed fund or nominal insurer arrangements, excess layers and reinsurance placementsProficiency in claims exposure assessment, account performance analysis and financial analysis, including interpretation of financial statements and industry metricsAdvanced Excel skills and proficiency with Power BI for modelling, analysis, reconciliation and reportingExcellent written and verbal communication, presentation, negotiation, time management and conflict resolution skillsWhat makes you stand out:Experience using broking platforms,
Word and PowerPoint to support presentations, documentation and reportingA collaborative approach with the ability to mentor and support junior colleaguesCapacity to manage competing priorities while maintaining a high level of accuracy and client serviceWhy join our team:We help you be your best through professional development opportunities, compelling work and supportive leadersWe foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communitiesOur scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-beingApplications can be considered from candidates who have the appropriate approval to work in Australia.
Successful applicants will be required to complete a criminal & bankruptcy check prior to commencement of employment.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 creating 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, or any other characteris
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📌 Senior Workers Compensation Placement Broker (Sydney)
🏢 Marsh
📍 Sydney