Reinsurance - Associate Director II/Director ll

Cincinnati Financial

9h•Remote

About The Position

At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision. If you’re ready to build productive relationships, collaborate within a diverse team, embrace challenges and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow. Cincinnati Re, a division of The Cincinnati Insurance Company, seeks an experienced reinsurance contract wording professional to join the Cincinnati Re Legal team. This position is fully remote.

Requirements

a sustained track record in a reinsurance contract specialist role or similar position
working knowledge of reinsurance and primary insurance standards, practices and principles
strong knowledge of specific contract and policy features and lines of business
excellent analytical and communication skills
very high attention to detail and accuracy
the ability to work independently and collaborate with colleagues within and across departments
excellent skills with technology, including Outlook, Word, Adobe and Excel
full understanding of the deal and analysis of the contract, including drafting and suggesting alternative wording as needed
a college degree
a minimum of five years of experience in reinsurance contract wording or a legal capacity

Nice To Haves

a law degree and/or CPCU designation

Responsibilities

review a variety of market-produced assumed and ceded reinsurance contracts for accuracy, completeness and consistency, including each party’s intent and compliance with regulatory requirements and corporate standards
communicate in written and verbal form with stakeholders regarding contract wording and any regulatory and compliance issues
negotiate contract terms with counterparties
continue your education by staying current on reinsurance contract wording developments
communicate the importance and impact of wording trends to underwriters and managers
continually develop specialized knowledge of all Cincinnati Re business to anticipate and identify compliance, regulatory and contract wording solutions
collaborate with various stakeholders, including underwriters, Claims associates and Legal colleagues to improve contract wording and legal processes
effectively manage time and meet deadlines