Reinsurance Contracts Specialist
AmericanAg®, a global provider of diversified reinsurance services, is looking for a Reinsurance Contracts Specialist to join their team in Schaumburg, Illinois. The role involves drafting and negotiating reinsurance contracts, ensuring compliance with regulations, and collaborating with internal and external stakeholders.
Responsibilities
- Assisting the Director of Reinsurance Contracts and Reinsurance Contract Drafters in drafting and negotiating of wide variety of reinsurance contracts
- Developing an understanding of contract language used in reinsurance contracts (including trust agreements)
- Assembling and issuing reinsurance contract documents for execution and tracking the status of each document (execution, coordination with other parties, etc.)
- Organizing and filing reinsurance contracts and trust agreements
- Monitoring statutory positions, regulatory guidelines, and judicial decrees affecting reinsurance contract wording
- Developing skills to support negotiation and resolution of wording issues for reinsurance contracts
- Drafting addenda and endorsements to reinsurance contracts (ceded, assumed, and retrocessional agreements)
- Researching information (both internal and external) to support legal and contract positions with respect to terms and conditions included in reinsurance contracts
Skills
- Bachelor's degree
- Property and casualty insurance/reinsurance knowledge; experience with insurance contracts and foundational knowledge of legal industry practices
- Proficiency with Microsoft Office products, especially Word
- Strong analytical, critical-thinking, decision-making, and problem-solving skills
- Excellent organizational and time management skills; ability to multi-task and handle multiple priorities often under tight deadlines
- Ability to collaborate and work successfully in a team environment
- JD is a plus
- Professional designations such as CPCU or ARe preferred
Benefits
- Annual productivity bonus
Company Overview