Contracts Intern

Howden • Edina, MN

11d • $27 • Hybrid

About The Position

This internship focuses on the reinsurance contracts process within Howden Re's North America reinsurance team. The intern will gain exposure to reinsurance broking, risk mitigation solutions, and contract decision-making. The role involves supporting teams by performing real work for current and prospective clients. The primary function is to learn about the reinsurance contracts process and the relationships between reinsurance counterparties by participating in the transmission of final contract documents to reinsurers and clients for execution and tracking their status.

Requirements

• Actively pursuing a Bachelor's degree
• Have a GPA of 3.0+
• Be proficient in Excel, Word, and PowerPoint
• Have the ability to explain complex contracts in simple terms so anyone can understand it, either in writing or over the phone
• Pay close attention to detail, because every small detail matters
• Legally authorized to work in the US

Nice To Haves

• Working towards a Bachelor’s degree in any subject
• Able to clearly communicate thoughts and ideas both in writing and in person
• Able to handle multiple tasks and projects at the same time in a client service, deadline-driven environment

Responsibilities

• Review and create PDFs of final Reinsurance Contracts, Interests and Liabilities Agreements, and related documents at direction of the Contracts Wording Team
• Transmit final Reinsurance Contracts, Interests and Liabilities Agreements, and related documents to ceding companies and reinsurers at direction of the Broking Team
• Track status of transmitted documents via tracking tool
• Monitor and manage Transmittal Shared Mailbox in Outlook
• Prepare regular reports on status of transmitted documents
• Follow up with outstanding markets for signatures
• Compile fully executed documents into single PDF files
• Update contract files with executed documentation
• Communicate and coordinate with broker, contract drafter, and transmittal specialist as required
• Perform other miscellaneous duties as assigned

Benefits

• A career that you define
• An environment where new ideas are encouraged and celebrated
• Opportunities for people who want to have a real hand in our success
• Opportunities for people who want to make a difference - not just in the workplace, but in the industry and in the wider community

What This Job Offers

• Career Level: Intern