Workers Compensation Placement Broker

Company:

Marsh Risk

Description:

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 Workers Compensation Placement Broker provides expert broking support for workers’ compensation programs across Australia. You will work closely with senior brokers and clients to develop tailored placement strategies, negotiate with insurers and reinsurers, and ensure compliant policy administration while contributing to product development and market positioning.

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 objectives
• Prepare clear underwriting submissions, renewal proposals, quotations and placement documentation that articulate risk profile, coverage options and financial implications
• Respond promptly to client queries, resolve issues to maintain satisfaction and escalate complex matters when required
• Support the design, development and market positioning of new brokerage products and programs to secure new projects and expand service offerings
• Assist senior brokers and large employers with complex multi-state policies, self-insurance or managed fund structures, bespoke arrangements and contractual reviews
• Monitor market conditions, insurer appetite and pricing trends, translating market intelligence into practical placement advice and briefing junior brokers

What you need to have:

• Strong technical knowledge of Australian workers’ compensation legislation across jurisdictions and premium determination methods including experience/retrospective rating and loss-sensitive schemes
• Experience with self-insurance, managed fund/nominal insurer arrangements, excess layers and reinsurance placements
• Proficiency in claims exposure assessment, financial analysis and interpretation of financial statements and industry metrics
• Excellent written and verbal communication, negotiation, time management and conflict resolution skills

What makes you stand out:

• Proficiency with broking platforms and advanced Excel, Word and PowerPoint skills for modelling, reconciliation, presentations and reporting
• Client-first mindset with high attention to detail and ability to mentor junior colleagues
• Ability to build and maintain productive relationships with clients, internal stakeholders and insurance/reinsurance partners

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

Applications 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 Risk is a business of Marsh (NYSE: MRSH), 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 about Marsh Risk, 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 characteristic protected by applicable law. Applications will only 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 commencing of employment.

Marsh 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.