Contract Drafter

Lockton; Minneapolis (MN); On-site; USD 70,000 - 90,000; Full time

Job summary

Lockton is looking for a Contract Drafter in Minneapolis to prepare and review documentation for reinsurance arrangements. You will draft contracts and liaise with brokers and clients.

The ideal candidate holds a Bachelor's degree with a preference for a JD, possesses at least 3 years of reinsurance experience, and has excellent negotiation and writing skills. This role requires attention to detail and the ability to work independently.

Qualifications

• Minimum 3 years reinsurance contract drafting work experience.
• Ability to read, analyze, and interpret reinsurance contracts.
• Excellent writing skills and effective negotiation ability.

Responsibilities

• Prepare draft contracts, endorsements, and other documents for clients.
• Research regulations affecting reinsurance contracts.
• Discuss contract issues with broker teams.

Skills

Contract drafting

Negotiation skills

Microsoft Office proficiency

Document management

Analytical skills

Education

Bachelor's degree

JD or other legal degree

Job description

Responsibilities

The Contract Drafter is responsible for preparing, reviewing, and finalizing formal documentation of terms and conditions for reinsurance arrangements.

Contract Drafter responsibilities:

• Prepares draft contracts, endorsements, and other documents for clients and markets.
• Researches regulations and other industry requirements impacting reinsurance contracts, as needed.
• Discusses contract issues with broker teams.
• Facilitates the brokers’ negotiation of contract language and liaises with clients and markets, as needed.
• Maintains contract and correspondence files, in accordance with corporate guidelines.
• Works with contracts administrative staff, brokers, reinsurers and clients to ensure timely execution of reinsurance contracts.
• Provides document review, training, and oversight for brokers.
• Documents the status and abstracts the content of contracts in the firm’s document tracking systems.

Qualifications

• Bachelor's degree (B.A.) from four-year college or university and experience in a contract writing department of a reinsurance broker, reinsurance underwriter, or ceding company is required.
• JD or other legal degree preferred, but not required
• Minimum 3 years reinsurance contract drafting work experience.
• Must be proficient in the Microsoft Office products.
• Experience with document management and workflow systems would be a plus.
• Ability to read, analyze, and interpret reinsurance contracts for various lines and programs is essential.
• Must understand and assimilate industry developments (such as the emergence of new lines of insurance, reinsurance structures, regulations, business processes, etc.) as they arise.
• Excellent writing skills required. Must be a skilled and an effective negotiator.
• Ability to complete continuing education requirements as needed
• Ability to attend company, department, and team meetings as required, including industry training sessions
• Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information
• Ability to efficiently organize work and manage time to meet deadlines
• Ability to work outside of normal business hours as needed
• Legally able to work in the United States