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Years of Experience
Date Last Verified
Contract Management Specialist - Reinsurance The candidate will provide ongoing support to the reinsurance division and P&C Group Executive team regarding reinsurance contracts. Review contract wording for all renewal reinsurance programs to ensure compliance with companyâ€™s Reinsurance Treaty Clause Manual. Draft and/or review contract wording for all new reinsurance programs. Draft and/or review wording for all reinsurance contract amendments. Prepare final contracts for signature by reviewing any changes made since the last draft reviewed. Review and approve any non-concurrent contract wording appearing in individual reinsurer participation pages. Maintain companyâ€™s reinsurance treaty Clause Manual; update as needed to keep current with market-accepted wording. In instances where company has negotiated alternative contract wording with certain reinsurers (Global Trade Agreements), maintain a record of the accepted alternative wording and ensure that it is used consistently across all contracts with that reinsurer. Maintain a log of all reinsurance contracts and collaborate with intermediaries and reinsurers to ensure final contract documentation is executed with 2-3 months of the contract effective date. Scan and file all final reinsurance contract documentation into myFile. Collaborate with GAIC P&C Legal as needed.
Qualification and Experience
The candidate should have a Paralegal Certificate, Bachelorâ€™s Degree, and/or Post-Bachelorâ€™s certificate preferred. 3-5 years of experience working in the insurance / reinsurance business. Including familiarity in contract review and drafting. Juris Doctorate (JD) from an accredited law school or equivalent a plus. Excellent written, verbal, and interpersonal skills.
Job ID: 23703
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