Contracts Specialist
About The Position
We are looking for a Contract Specialist to join our Life & Health Contracts team, supporting the US, Canada, and English Caribbean markets. In this role, you will draft and structure reinsurance contracts, ensuring terms are clear, accurate, and aligned with market practice. This is an individual contributor role reporting to the L&H Contracts Team Lead – US/Canada/English Caribbean. The L&H Contracts function drafts, reviews, and advises on traditional reinsurance agreements between Swiss Re and its clients. In close partnership with client managers, underwriting, pricing, claims, legal, and operations, the Contracts team structures and documents agreements aligned with underwriting intent, advises on wording implications and commercial risk trade-offs, and supports disciplined portfolio management through contract analysis. Contracts plays a critical role in safeguarding Swiss Re’s risk position while enabling sustainable long-term performance. In this role, you will draft and review Life & Health traditional reinsurance contracts and addenda, owning end-to-end drafting for assigned deals with a high degree of independence. You will translate technical and commercial inputs into clear and enforceable contractual language, ensuring contracts reflect deal structure, underwriting intent, and agreed commercial terms, and deliver high-quality contracts within expected timelines. You will also identify and assess commercial, operational, and contractual risks, apply internal guidelines to determine appropriate positions and approvals, and maintain consistency and deviation discipline across contracts. Additionally, you will identify and address emerging issues and problematic clauses, and contribute to the development and refinement of standard wordings. You will partner with Client Managers and cross-functional stakeholders to clarify deal requirements and resolve ambiguities, acting as a trusted advisor on contract wording and risk trade-offs. You will provide clear analysis and recommended positions to support decision-making, participate in contract discussions with clients, including negotiation of wording where appropriate, and engage Legal on non-standard, jurisdiction-specific, or dispute-related matters.
Requirements
- Proven ability to independently draft and review complex reinsurance contracts
- Experience in Life & Health reinsurance or broader insurance markets
- Strong understanding of reinsurance structures and underwriting concepts
- Sound commercial judgment and risk assessment capability
- Confidence engaging directly with business stakeholders and clients
- Comfortable using technology, workflow tools, and GenAI
Nice To Haves
- Reinsurer or insurer with exposure to Life & Health treaty documentation
- In-house legal or contracting roles within insurance or financial services
- Law firm or advisory roles involving re/insurance or complex financial contracts
- Proficiency in French is an advantage, but not required
Responsibilities
- Draft and review Life & Health traditional reinsurance contracts and addenda
- Own end-to-end drafting for assigned deals, with a high degree of independence
- Translate technical and commercial inputs into clear and enforceable contractual language
- Ensure contracts reflect deal structure, underwriting intent, and agreed commercial terms
- Deliver high-quality contracts within expected timelines
- Identify and assess commercial, operational, and contractual risks
- Apply internal guidelines to determine appropriate positions and approvals
- Maintain consistency and deviation discipline across contracts
- Identify and address emerging issues and problematic clauses
- Contribute to the development and refinement of standard wordings
- Partner with Client Managers and cross-functional stakeholders to clarify deal requirements and resolve ambiguities
- Act as a trusted advisor on contract wording and risk trade-offs
- Provide clear analysis and recommended positions to support decision-making
- Participate in contract discussions with clients, including negotiation of wording where appropriate
- Engage Legal on non-standard, jurisdiction-specific, or dispute-related matters
Benefits
- Total compensation approach considering base pay, short- and long-term incentives, and benefits offered
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
