Stop Loss Intern

Marsh McLennan

1d•Onsite

About The Position

Marsh McLennan Agency's East Region is a leader in the employee benefits marketplace. Our associates simplify employee health and welfare benefits and risk management for regional, national, Fortune 500 and Fortune 1000 companies. We value integrity, collaboration, passion, innovation, and accountability, and we are committed to making a difference in the moments that matter for our colleagues, clients, and communities. As a Stop Loss Intern, you will have the opportunity to support the Stop Loss Center of Excellence for Marsh McLennan Agency. This internship is designed to provide you with hands-on experience in financial analysis and risk management within the insurance industry.

Requirements

Working towards a Bachelor’s Degree in Risk Management & Insurance, Actuarial Science, Mathematics and/or other related field is preferred
Working knowledge of MS Excel is required (ability to use pivot tables, intermediate formulas, lookups)
Effective analytical, math and problem-solving skills, sound judgment, strong decision making ability, confidence to make difficult decisions and excellent communication skills
Strong organizational and analytical skills
Excellent attention to detail
Excellent troubleshooting, decision making and problem solving skills
Must have strong negotiation and persuasion skills
Must be a goal oriented self-starter
Solid interpersonal, verbal and written communication skills
Ability to work well independently and as a team member
Ability to multitask and successfully operate in a fast-paced work environment
Ability to prioritize projects and meet deadlines
Ability to follow through on and successfully execute tasks while adhering to specified quality standards
Demonstrated ability to provide superior customer service and maintain positive relationships with client contacts
Proficiency in Microsoft Office Suite, including MS Word (intermediate) and Excel (intermediate)
Proficiency in use of PC such as keyboard skills and electronic folder/file organization and management
Aptitude for learning internal systems, applications and internal workflow of the department
Must be able to effectively interact and deal with people at all levels inside and outside of the company

Nice To Haves

Prior relevant internship experience in the Benefits Brokerage, Consulting, or Insurance industry is preferred

Responsibilities

Support stop loss financial, and risk analysis activities by gathering data and preparing preliminary reports for internal teams and consulting clients
Help with the stop loss marketing process by assisting in data acquisition, preparing materials for requests for proposals (RFPs), and responding to vendor questions under supervision
Support the entry, review, and validation of proposals and related documents into Stop Loss COE templates for accuracy
Collaborate with MMA Agency contacts to assist with the Stop Loss intake process and help share basic information about self-funding, stop loss, and captives as appropriate
Help review renewal results as requested by local MMA Agency teams; negotiate with carriers under supervision
Assist in the Stop Loss claims tracking process by gathering and organizing claims data; support entry and review of claims information into client reporting with accuracy
Review stop loss policies for accuracy and assist with sold case processing
Maintain organized records and support quality service standards to ensure timely assistance to MMA Agency teams
Provide support for other projects and initiatives within the Stop Loss COE, Strategic Initiatives Division, and MMA East Underwriting Team as needed
Demonstrate initiative and problem-solving skills in handling special projects as assigned
Participate in team and company meetings, including professional development sessions