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Product Development Specialist

Location: London, United Kingdom

Company: Marsh

Job ID R_060629-en

Are you looking to work for a market leader within a very collaborative team developing our Financial and Professional Services product offering?  Do you have a strong drafting background with excellent attention to detail?  If so, this position at Marsh may be of interest.

Ultimately assisting with driving the FINPRO-wide product development strategy in order to enhance our value proposition, your responsibilities will include:

  • Analysing policy wordings for efficacy, client suitability, and compliance with FINPRO coverage guidelines and maintaining good records evidencing the same
  • Designing and negotiating proprietary products
  • Preparing comparisons of available market offerings
  • Advising brokers on the negotiation of substantive points with insurers
  • Advising client executives on how to explain the implications of policy terms to clients
  • Preparing training and materials for specific products and conducting internal training on those products
  • Advising clients on the operation of policies and innovative solutions to match the risk profile
  • Hosting client workshops on risk management and claims scenarios

Your skills and qualifications should include the below:

  • Legally qualified (comprehensive experience PQE minimum 5 years) or non-UK equivalent
  • Insurance and/or contract law experience
  • Excellent written and oral communication skills
  • Excellent attention to detail
  • Knowledge of legal concepts informing contract efficacy
  • Ability to organize, prioritize and execute multiple tasks
  • Ability to present concepts in a clear and concise way
  • Experience with financial and professional lines of insurance

About Marsh

Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world.  To every client interaction we bring an unmatched combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration.  Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients.  Visit for more information and follow us on LinkedIn and Twitter @MarshGlobal

Marsh and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: pension, health and welfare, tuition assistance, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at:  We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at:

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