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Reinsurance Contracts Counsel

Company: Swiss RE America Holding Corporation
Location: Schaumburg
Posted on: September 12, 2020

Job Description:

Schaumburg, IL, US Armonk, NY, US Kansas City, MO, US

Reinsurance Contracts Counsel

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of our 15,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

About the Role

Swiss Re's P&C Contracts function seeks a Reinsurance Contracts Counsel to join our team supporting its property and casualty reinsurance business. Primary responsibilities include drafting and review of contract wordings, advising on contract related matters and engaging with internal and, at times, external clients to negotiate and finalize the terms of reinsurance contracts. This position will be based in Schaumburg, Illinois, Kansas City, Missouri, or Armonk, New York.

Core responsibilities of the Reinsurance Contracts Counsel are:

Independently draft and critique reinsurance contracts, binders, slips, endorsements and related documents to align written agreements with business intent and corporate requirements

Provide technical advice and guidance to various corporate functions regarding contract interpretation, implications of particular contract language and best practice

Align reinsurance contracts with applicable law, regulations and internal requirements

Collaborate with Client Managers and Underwriters in contract negotiations, including discussions with external clients and brokers

Maintain strong governance risk and control standards with respect to contract wordings and processes.

About the Team

Reinsurance Contracts Counsel will be expected to develop a thorough understanding of relevant law, regulations and market practices and apply these to reinsurance agreements. They will also require strong analytical abilities, experience in business negotiations, and excellent written and verbal communication skills, including the ability to engage confidently and in an impactful manner with internal stakeholders in other functions and with external clients. We are seeking a candidate with an innovative, pragmatic and results-oriented mindset, who possesses the ability to work independently with a sense of personal responsibility and accountability, while also building cooperative relationships with internal and external partners.

About You

Requirements for the Reinsurance Contracts Counsel position include:

Law degree or equivalent experience working with reinsurance or insurance agreements;

Two or more years of (re)insurance industry experience in an attorney, contract/policy specialist, underwriting, marketing or claims handling role;

Solid understanding of P&C products and the United States (re)insurance market (additional knowledge of Canadian and/or Latin American reinsurance markets would be a plus);

Aptitude to learn and comfort working with new and evolving IT tools and systems; and

High level fluency in business English. Additional language skills would be a plus.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

Keywords:  Reinsurance Contracts Counsel

Reference Code:  93157

Nearest Major Market: Chicago

Job Segment: Underwriter, Purchasing, Claims, Web Design, Law, Insurance, Finance, Creative, Legal

Keywords: Swiss RE America Holding Corporation, Schaumburg , Reinsurance Contracts Counsel, Other , Schaumburg, Illinois

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