Treaty Wording Expert

Munich Re Group; Maharashtra; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Munich Re Group in Mumbai, India, seeks a Treaty Wording Expert to finalise contracts and agreements for Life & Health lines. The role reports to the Chief Marketing Actuary and interfaces with client legal teams to resolve clauses, and provides legal support on underwriting and claims matters.

The successful candidate will prepare contractual agreements, ensure templates align with LH2 standards, and draft in binding language.

Qualifications

• Law degree is essential.
• Minimum 3+ years of experience within Financial Services or IT sector is essential; insurance/reinsurance experience beneficial.
• Excellent time management, ability to handle priorities and work independently.
• Strong organizational skills to manage multiple projects.
• Excellent interpersonal and communication skills in English.
• Knowledge of negotiation best practices; travel willingness.

Responsibilities

• Prepare contractual agreements using current Munich Re methods and knowledge of client needs.
• Collaborate with Actuaries, Underwriters, Analysts and RI Account staff.
• Engage with regional experts (LH2) regularly.
• Ensure treaty terms align with LH2 templates and are drafted in binding language.
• Assist clients in fulfilling contractual obligations or terminating contracts on mutual terms.
• Provide legal inputs to Underwriting and Claims for timely decisions.
• Review treaty terms for compliance with policies and laws.
• Explain treaty terminology to clients and stakeholders clearly.
• Monitor progress and deliver drafts timely.
• Proofread, edit and fact-check documents per style guide.

Skills

Legal drafting

Contract negotiation

English proficiency

Time management

Communication

Education

Law degree

Job description

Job Summary

This is the Job Description for a legal professional within the Life & Health team of Munich Re India Branch. The position, based in Mumbai, India, will be titled Treaty Wording Expert and will be responsible for finalising all contracts and agreements associated with the lines of business written by the Branch. The individual will report to the Chief Marketing Actuary and will be responsible for a variety of activities, including treaty wording, non-disclosure agreements, engagement with client legal teams to resolve contractual clauses, and providing legal support on underwriting and claims matters.

Role Profile

• Prepare contractual agreements using current Munich Re methods and a knowledge of client needs and the ability to fulfil requirements.


• Collaborate with relevant teams consisting of Actuaries, Underwriters, Analysts and RI Account staff.


• Engage regularly with experts in the regional office (LH2).


• Ensure that treaty terms are consistent with the standard templates provided by LH2 and that contractual agreements are drafted in legally binding language in accordance with client requirements.


• Assist clients in fulfilling contractual obligations or terminating contracts on mutually agreed terms.


• Assist Underwriting and Claims teams with legal inputs on specific cases to support timely decision-making.


• Review existing treaty terms and conditions to verify compliance with company policies and all applicable laws and regulations.


• Clearly explain treaty and contract terminology to clients and other stakeholders in simple language.


• Monitor progress against agreed timelines and submit drafts and documents in a timely manner.


• Proofread, edit and fact-check legal documents for accuracy and consistency, according to a style guide where applicable.

Your Profile

• Law degree is essential.


• Minimum 3+ years of experience within the Financial Services or IT sector is essential. Experience in the Insurance/Reinsurance industry would be beneficial.


• Excellent time management skills, with the ability to manage priorities effectively, work independently when required, and demonstrate strong problem-solving capabilities.


• Good organisational skills and the ability to manage multiple projects simultaneously.


• Excellent interpersonal and communication skills, including proficiency in the English language.


• Knowledge of negotiation best practices, both in person and in written form, considering business context and the mutual interests of the parties involved.


• Willingness to travel as required.

About Munich Re

Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As a leader in risk assessment, Munich Re supports the evolution of the global insurance landscape by addressing emerging risks—from cyber threats to pandemics—enabling clients to manage uncertainty effectively. Across Asia Pacific, the Middle East and Africa, Munich Re operates life, health and non-life reinsurance as well as primary insurance businesses, with more than 1,900 employees across 20 locations. Munich Re has supported clients in India since 1951 and established its Mumbai branch in 2017 to serve India, Sri Lanka and Bangladesh. We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.