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- Tasks: Lead regional placement strategies and collaborate on innovative portfolio solutions.
- Company: Mercer Marsh Benefits is a global leader in employee health and benefits management.
- Benefits: Enjoy hybrid work flexibility, professional development opportunities, and a vibrant, inclusive culture.
- Why this job: Make an impact while working with talented colleagues in a supportive environment.
- Qualifications: Proficiency in Microsoft tools and strong analytical skills are essential; insurance experience is a plus.
- Other info: Join a diverse team committed to embracing flexibility and inclusivity.
The predicted salary is between 36000 - 60000 ÂŁ per year.
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We are seeking a talented and dynamic Placement Strategy Manager to join our Placement team at Mercer Marsh Benefits (MMB).
Based in London ideally, or any of our UK offices this is a hybrid role that has a requirement of working at least three days a week in the office.
Reporting to the Placement Leader, MMB UK this role will be responsible for leading regional placement initiatives aligned to MMB’s global and regional strategic and growth priorities. The specific focus areas of the role will vary from time-to-time, but key responsibilities are highlighted below.
We will count on you to:
Placement Strategy
- Lead on regional placement strategy and feasibility assessment, design and implementation of placement models, best practices and target operating models, working with insurers and other providers.
- Creation of a reliable and sustainable pool of carriers and solutions, balancing alignment with strategic carriers and broader market carriers/new entrants.
- Lead on global placement strategy and initiatives.
Portfolio Solutions Strategy and BAU
- Support new portfolio solution development and innovation—including Facilities (PPAs) and deals.
- Support initiatives to deliver enhanced client value and MMB revenue through increased portfolio solution engagement; growth, retention and portfolio penetration; and yield management.
Strategic carrier relationship management
- Drive and support placement and portfolio solutions strategy and development through carrier relationship building and management.
- Review performance and document/evidence KPIs, R&D, MMB relationships and client service goals through carrier relationship management.
- Negotiate and review revenue models (e.g. fees, commission etc) to optimise yield for MMB
- Manage and oversee day-to-day carrier contractual arrangements and governance processes
- Lead and/or support new product/service initiatives with insurers for MMB clients
- Manage relationships with insurers and other carriers
- Grow carrier network and develop new relationships
Data and analytics
- Lead internal and carrier-focused placement and portfolio solutions data and analytics initiatives to support:
- Portfolio insights/data quality
- Portfolio solution developments/enhancements
- Claims data and service insights and enhancements
- Regional leadership reporting and forecasting
- Global placement/portfolio solutions reporting and forecasting.
- Pricing trends
- Medical inflation trends surveys
Collaboration
- Collaborate with regional stakeholders to define and implement placement and portfolio solutions strategy and initiatives.
- Collaborate with regional and global placement and portfolio solutions teams and functions to share knowledge, insights and best practice
- Lead creation and implementation of optimised revenue models for MMB’s business units including Commercial and Corporate segments
- Support consulting delivery team in implementation of placement models, analytics and inputs, including pricing and inflation models
- Ad-hoc support for large, complex client engagements
What you need to have:
- Proficiency in Microsoft (Powerpoint, Word, Excel)
- Understanding of the Group Life and Private Medical Insurance products
- Strong analytical skills
- Ability to work with large quantities of data
- Ability to manage change
- Good project management skills
- Good communication skills
What makes you stand out:
- Experience in life and medical insurance market and/or broking
- Good communication skills
- Ability to manage stakeholders at all levels
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.
Mercer Marsh Benefits
Mercer Marsh Benefits helps clients manage the costs, risks and complexities of employee health and benefits, through the combined expertise of Mercer and Marsh, businesses of Marsh McLennan (NYSE: MMC). Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.
Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.
Marsh McLennan 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, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, 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 characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at
Marsh McLennan 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 McLennan 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.
R_311328
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Business Development and Sales
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Industries
Insurance and Business Consulting and Services
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Placement Strategy Manager employer: Mercer
Contact Detail:
Mercer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Placement Strategy Manager
✨Tip Number 1
Familiarise yourself with the latest trends in the life and medical insurance market. Understanding current developments will not only help you during interviews but also demonstrate your commitment to the industry.
✨Tip Number 2
Network with professionals in the insurance and consulting sectors. Attend industry events or webinars to connect with potential colleagues and learn more about Mercer’s culture and values.
✨Tip Number 3
Brush up on your data analysis skills, especially in relation to portfolio insights and claims data. Being able to discuss how you can leverage data for strategic decision-making will set you apart.
✨Tip Number 4
Prepare to discuss your experience in managing stakeholder relationships. Be ready to share specific examples of how you've successfully navigated complex interactions in previous roles.
We think you need these skills to ace Placement Strategy Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in placement strategy, insurance products, and project management. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Placement Strategy Manager position at Mercer. Discuss how your skills align with their needs, particularly in data analytics and stakeholder management.
Showcase Analytical Skills: Provide specific examples of how you've used analytical skills in previous roles. Mention any experience with data-driven decision-making or managing large datasets, as this is crucial for the role.
Highlight Communication Abilities: Since the role requires strong communication skills, include instances where you've successfully managed relationships with stakeholders or led collaborative projects. This will help demonstrate your capability to thrive in a hybrid work environment.
How to prepare for a job interview at Mercer
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Placement Strategy Manager. Familiarise yourself with placement strategies, portfolio solutions, and carrier relationship management. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Analytical Skills
Since strong analytical skills are crucial for this role, prepare to discuss how you've used data to drive decisions in previous positions. Bring examples of how you've managed large quantities of data and the impact it had on your projects.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities and strategic thinking. Think about past experiences where you successfully implemented a strategy or resolved a complex issue, and be ready to share those stories.
✨Demonstrate Communication Skills
Effective communication is key in this role, especially when managing stakeholders. Prepare to discuss how you've communicated complex ideas clearly and how you've built relationships with various stakeholders in your previous roles.
