Contracts Intern

Howden•Edina, MN

9d•Remote

About The Position

This internship focuses on the contracts aspect of reinsurance broking. The intern will learn about reinsurance contracts, decision-making processes, and support teams in serving clients. Reinsurance is described as insurance for insurers, helping insurance companies protect their futures and the people they insure. The role involves understanding the reinsurance contracts process and relationships among counterparties, specifically by participating in sending final contract documents to reinsurers and clients for execution and tracking their status.

Requirements

Actively pursuing a Bachelor’s degree
GPA of 3.0+
Proficient in Excel, Word, and PowerPoint
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
Legally authorized to work in the US

Nice To Haves

Working towards a Bachelor’s degree in any subject
Ability to clearly communicate thoughts and ideas both in writing and in person
Ability 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
Perform other miscellaneous duties as assigned