Legal Director – Contract Wordings - Reinsurance

Aon Corporation • Chicago, IL

15d • Hybrid

About The Position

Aon is hiring a Director – Contracts – Reinsurance for its Reinsurance Solutions team. This hybrid role can be performed virtually and from Aon’s Chicago, Illinois, or Bloomington, Minnesota office. The position leads the preparation, examination, and completion of formal documentation setting out terms and conditions for treaty reinsurance arrangements. It also manages and develops supporting Contract Drafters, serves as a senior subject-matter expert on reinsurance contract wording, and supports multiline reinsurance business for Global and US clients. The role calls for ongoing learning and awareness of industry terminology, conditions, trends, and regulatory changes.

Requirements

• Bachelor’s degree in Business Administration, Legal Studies, Risk Management, or a related field, or equivalent years of industry experience.
• At least 8 years of experience in insurance or reinsurance working as a lawyer/attorney or contract/policy specialist.

Nice To Haves

• Experience with reinsurance structures.
• Experience drafting and interpreting treaty wordings for domestic and global placements.

Responsibilities

• Support hiring, workforce planning, and talent development to ensure appropriate department staffing, technical knowledge, and capabilities.
• Prepare complex reinsurance contracts and review supporting Contract Drafters’ work for technical quality, accuracy, and consistency.
• Manage and develop supporting Contract Drafters through technical mentorship, quality oversight, feedback, and development support.
• Participate in client, reinsurer, and broker meetings, providing expertise in developing and interpreting contract language.
• Apply knowledge of reinsurance structures and intent to guide brokers and clients in developing and interpreting contract language for complex coverage builds and potential loss scenarios.
• Partner with brokers during placement negotiations and join client discussions about wording provisions addressing emerging risks and specific client concerns.
• Support business growth and client advocacy through RFP participation, competitor wording reviews, and recommendations for coverage and contract improvements.
• Monitor insurance, reinsurance, and risk management market conditions and update brokers and clients on relevant developments.
• Serve as a senior subject-matter expert on reinsurance contract wordings and offer mentorship and recommendations to brokers and clients.
• Manage departmental projects and initiatives to improve contract processes, capabilities, consistency, and client service.
• Develop training materials and deliver internal technical training on reinsurance contract wording, market trends, and departmental guidelines.
• Contribute to the Annual Global Client Training Summit by presenting to clients and preparing materials on wording trends, market developments, and possible coverage or contract improvements.
• Support multiline reinsurance business for Global and US clients.

Benefits

• 401(k) savings plan with employer contributions
• Employee stock purchase plan
• Consideration for long-term incentive awards at Aon’s discretion
• Medical insurance
• Dental insurance
• Vision insurance
• Various types of leaves of absence
• Paid time off, including 12 paid holidays and 15 vacation days per year
• Paid sick leave as provided under applicable state and local laws
• Short-term disability and optional long-term disability
• Health savings account
• Health care and dependent care reimbursement accounts
• Employee and dependent life insurance and supplemental life and AD&D insurance
• Optional personal insurance policies
• Adoption assistance
• Tuition assistance
• Commuter benefits
• Employee assistance program that includes free counseling sessions
• Eligibility for Aon’s annual incentive plans and an annual discretionary bonus, subject to plan terms and conditions

What This Job Offers

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