Contract Drafter

Lockton • Minneapolis, MN

16h

About The Position

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

Requirements

• 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.
• Minimum 3 years reinsurance contract drafting work experience.
• Must be proficient in the Microsoft Office products.
• 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

Nice To Haves

• JD or other legal degree preferred, but not required
• Experience with document management and workflow systems would be a plus.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level