Corporate Counsel - Contracts, Insurance & Reinsurance

UFG Insurance-posted about 2 months ago

$110,000 - $135,000/Yr

Full-time • Mid Level

Cedar Rapids, IA

1,001-5,000 employees

Insurance Carriers and Related Activities

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UFG is currently hiring Corporate Counsel to focus on contracts, insurance and reinsurance. In this role you will be responsible for drafting, reviewing and finalizing formal documentation memorializing terms and conditions applicable to commercial contracts, agency/broker agreements and reinsurance treaties. You will be challenged to learn and remain well informed of industry concepts and developments, as well as trends and regulations to remain competitive.

Draft, review and negotiate a broad range of contracts, including reinsurance treaties, agency/broker agreements, vendor/service agreements, software licenses/SaaS agreements, and commercial real estate leases
Identify terms that vary from company standards and policies to ensure consistency, alignment with company strategies and appetite, compliance with laws and regulations, and recommend appropriate modifications
Collaborate closely with the vendor management team to develop and maintain standard vendor contract templates, playbooks and SLA terms
Support the development and implementation of a library of preferred reinsurance provisions, and formalized contract review procedures
Stay updated on insurance/reinsurance rulings, legal, regulatory, and emerging issues, modifying or drafting new contract terms as necessary
Oversee components of the insurance regulatory function, including management of data call requests, periodic reporting to state agencies, and other ad hoc requests (e.g., sustainability disclosures)
Develop specialized knowledge of particular lines of business or structures
Assist in corporate governance and risk management activities as they pertain to reinsurance
Provide accurate and timely counsel to the different internal business units and executives on a variety of legal topics, including analysis of contract terms and conditions, and strategies for resolving contract disputes
Assist in improving and maintaining contract workflows, document management and retention procedures and other company policies and records
Champion a robust contract lifecycle management process
Develop and deliver training on contract and regulatory issues to business stakeholders
Undertake special projects and tasks as needed, addressing unique legal challenges and supporting new business initiatives in a dynamic environment

Juris Doctor (JD) degree from an accredited law school
Admission to at least one U.S. state bar
Extensive experience (6+ years) drafting, reviewing and interpreting insurance, reinsurance and/or commercial contracts, preferably gained at an insurance or reinsurance company
Advanced knowledge of contract terms, conditions and legal ramifications
Demonstrated interest in expanding knowledge into new practice areas, including corporate governance and evolving ESG reporting obligations
Strong knowledge of insurance and reinsurance principles, contract structures, and regulatory requirements.
Excellent communication and interpersonal skills
Strong negotiation and contract management skills
Ability to manage multiple tasks and work effectively under pressure
Keen analytical abilities and excellent judgment, a pragmatic approach to problem solving, flexibility to adapt and thrive in an environment that is constantly changing, and the ability to make smart decisions in the face of ambiguity and imperfect information
Self-directed, solution-focused individual who has a strong work ethic, strong business acumen, and the ability to collaborate cross-functionally to achieve enterprise-wide results
Superior organizational and written and verbal communication skills
Skilled attention to detail and organization required
Ability to prioritize and complete time-sensitive projects on time
Must deploy sound, mature legal judgment, and influence to build effective working relationships with a wide variety of internal and external colleagues
Ability to explain complex and/or sensitive information in a straightforward manner
Desire to be a collaborative member of a highly-engaged, high performing team

Experience in reinsurance (Ceded, Assumed, FAL) strongly preferred
CPCU or Are designation desirable

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