Senior Workers Compensation Placement Broker

Company:

Marsh

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 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 objectives
• Prepare clear, professional underwriting submissions, renewal proposals, quotations and placement documentation that set out risk profile, coverage options and financial implications
• Support senior brokers and large employers with complex multi-state policies, self-insurance, managed fund structures, bespoke arrangements and contractual reviews
• Monitor market conditions, insurer appetite and pricing trends, and translate market intelligence into practical placement advice
• Use data and analytics to support team market management, reporting and placement decisions
• Maintain accurate account records, provide regular updates on progress and financial impacts, and uphold service standards
• Oversee account transactions including premium invoicing, collections and reconciliations, and coordinate timely resolution of payment issues
• Build and maintain productive relationships with clients, internal stakeholders and insurance and reinsurance partners to support efficient outcomes
• Review contract documents and advise clients on contractual obligations and legislative restrictions affecting workers’ compensation arrangements
• Keep current with national and jurisdictional workers’ compensation legislation, premium models, policy administration practices and state risk policies
• Where required, review client financial statements and industry-specific metrics to inform pricing, retentions and placement recommendations
• Brief and support junior brokers on market developments, account issues and placement approaches

What 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 schemes
• Experience with self-insurance, managed fund or nominal insurer arrangements, excess layers and reinsurance placements
• Proficiency in claims exposure assessment, account performance analysis and financial analysis, including interpretation of financial statements and industry metrics
• Advanced Excel skills and proficiency with Power BI for modelling, analysis, reconciliation and reporting
• Excellent written and verbal communication, presentation, negotiation, time management and conflict resolution skills

What makes you stand out:

• Experience using broking platforms, Word and PowerPoint to support presentations, documentation and reporting
• A collaborative approach with the ability to mentor and support junior colleagues
• Capacity to manage competing priorities while maintaining a high level of accuracy and client service

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 (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 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.