Reinsurance Contracts Specialist

Faraday; Stamford (CT); Hybrid; USD 106,000 - 178,000; Full time

Job summary

An established industry player is seeking a Reinsurance Contracts Specialist to join their hybrid team in Stamford, CT. This role involves reviewing and drafting reinsurance contracts, ensuring compliance with corporate standards, and collaborating with various departments to enhance contract language. The ideal candidate will have a strong background in reinsurance or insurance, excellent analytical and communication skills, and the ability to thrive in a fast-paced environment. This position offers a competitive salary range and an inclusive workplace that values diversity and equal opportunity.

Qualifications

• 5+ years in Contracts Specialist, Underwriting, Legal, or Claims.
• Knowledge of reinsurance standards and contract clauses.

Responsibilities

• Review and analyze reinsurance contracts against standards.
• Draft contracts and update templates as needed.

Skills

Analytical Skills

Communication Skills

Attention to Detail

Multitasking

Education

College Degree

CPCU Designation

ARe Designation

JD Degree

Tools

Microsoft Word

Microsoft Excel

SharePoint

Microsoft Outlook

Job description

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.

Gen Re currently offers an excellent opportunity for a Reinsurance Contracts Specialist in our Stamford, CT office. This is a hybrid role with two days a week in the office or performed remotely with periodic trips to the Stamford office for an appropriately qualified individual.

Role Description

Primary Responsibilities

• Review market-produced reinsurance contracts against corporate standards and agreed-upon terms.
• Analyze general clauses and business-specific contract provisions, identify wording that is contrary to standards or terms, and suggest alternative wording as appropriate.
• Draft reinsurance contracts, endorsements, and interests and liability agreements based on corporate standard wordings, client clauses, and agreed terms.
• Update standard contract templates.

Additional Responsibilities

• Keep current on reinsurance and insurance industry issues and contract/policy wording.
• Develop specialized knowledge of particular lines of business (property, casualty, specialty) or structures (excess of loss, quota share, per risk, per occurrence, per policy).
• Collaborate with other members of the Contracts team, Underwriters, Claims and Legal colleagues to improve wordings.
• Set challenging goals and work to meet them.
• Effectively manage time and meet deadlines.

Role Qualifications and Experience

• Minimum of five years of experience in a Contracts Specialist, Underwriting, Legal, Claims or similar position.
• Knowledge of reinsurance and/or primary insurance standards, practices and principles.
• Knowledge of contract clauses and/or primary policy forms.
• Excellent analytical and communication skills.
• High attention to detail and ability to spot errors and inconsistencies.
• Strong ability to multitask and perform in a fast-paced environment with a positive approach.
• Ability to work independently and collaborate with colleagues within and across departments.
• Excellent Word skills; proficient in Excel, SharePoint, Outlook.
• College degree required.
• CPCU designation, ARe designation, JD degree a plus.

Salary Range

106,000.00 - 178,000.00 USD

The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.

Our Corporate Headquarters Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)

At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is our policy to afford equal employment opportunity to all employees and applicants without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, disability, marital status, military service, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by law. We also provide reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.