Hybrid Director: Reinsurance Contract Wording

Aon; BLOOMINGTON (MN); Hybrid; USD 130,000 - 190,000; Full time

Benefits offered by this job

401(k) plan

Employee stock purchase plan

Long-term incentive awards

Medical, dental and vision insurance

Paid time off and holidays

Commuter benefits

Job summary

Aon is seeking a Director of Contracts for Reinsurance, a hybrid role in Bloomington, MN, combining virtual work with onsite collaboration. The role focuses on drafting and managing treaty reinsurance wordings, while mentoring a team of contract drafters and providing expert guidance to brokers and clients.

The candidate will lead complex contract development, stay abreast of regulatory changes, and participate in market discussions to support growth across Global and US clients.

Qualifications

• Bachelor's degree in Business Administration, Legal Studies, Risk Management, a related field, or equivalent years of industry experience.
• A minimum of 8 years in insurance or reinsurance, working as a lawyer/attorney or contract/policy specialist, with preference for experience in reinsurance structures.

Responsibilities

• Prepare complex reinsurance contracts and review the work of supporting Contract Drafters, ensuring technical quality, accuracy, and consistency.
• Manage and develop team of supporting Contract Drafters, offering technical mentorship, quality oversight, mentoring, feedback, and support for colleague development.
• Participate in client, reinsurer, and broker meetings, providing wording expertise in the development and interpretation of contract language.
• Apply deep understanding of reinsurance structures and intent to guide brokers and clients in developing and interpreting contract language covering complex coverage builds and potential loss scenarios.
• Partner with brokers during placement negotiations to join client discussions regarding wording provisions addressing emerging risks and specific client concerns.
• Support business growth and strengthen client advocacy through RFP participation, competitor wording reviews, and recommendations for coverage and contract improvements for new and existing clients.
• Maintain a solid grasp of evolving insurance, reinsurance, and risk management market conditions and keep brokers and clients updated on pertinent developments.
• Serve as a senior subject-matter expert on reinsurance contract wordings, offering mentorship and recommendations to brokers and clients.
• Manage departmental projects and initiatives passionate about improving contract processes, capabilities, consistency, and client service.
• Develop training materials and deliver internal technical training on reinsurance contract wording, market trends, and guidelines within the department.
• Contribute to the Annual Global Client Training Summit by presenting to clients and preparing materials on reinsurance contract wording trends, market developments, and possible coverage or contract improvements.
• Support multiline reinsurance business for Global and US clients.

Skills

Contract drafting

Reinsurance

Leadership

Mentoring

Client meetings

Education

Bachelor's degree

Job description

Aon is seeking a Director of Contracts for Reinsurance, a hybrid role in Bloomington, MN, combining virtual work with onsite collaboration. The role focuses on drafting and managing treaty reinsurance wordings, while mentoring a team of contract drafters and providing expert guidance to brokers and clients.

The candidate will lead complex contract development, stay abreast of regulatory changes, and participate in market discussions to support growth across Global and US clients.