Stop Loss Intern
MMC

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.

ESSENTIAL DUTIES AND RESPONSIBILITIES include, but are not limited, to the following:

• 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

REQUIRED EDUCATION AND EXPERIENCE:

• Working towards a Bachelor's Degree in Risk Management & Insurance, Actuarial Science, Mathematics and/or other related field is preferred;

• Prior relevant internship experience in the Benefits Brokerage, Consulting, or Insurance industry 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;

KNOWLEDGE, SKILLS AND ABILITIES

• 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.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• While performing the duties of this job, the employee is:
  • Frequently required to sit; speak or hear; use hands to finger, handle, feel objects, and reach with hands and arms;
  • Occasionally required to stand and walk;
  • Extensive use of computer and keyboard and viewing of computer screen is required;
  • Specific vision abilities required by this job include vision, and ability to adjust focus.
• Other working conditions are normal for an office environment.

WORK LOCATION

• Work is typically performed on site at MMA East's Conshohocken, PA office.

The applicable hourly rate for this role is $25.

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, disability, ethnic origin, 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, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com

Marsh McLennan and it affiliates are

EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

#MMAE

#LI-Hybrid

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