Reinsurance Contract Drafter

Marsh McLennan•Edina, MN

2d•Hybrid

About The Position

We are seeking a talented individual to join our team at Guy Carpenter. This role will be based in one of our offices in Philadelphia, PA; New York, NY; Edina, MN; Seattle, WA. This is a hybrid role that has a requirement of working in the office. This role manages the full lifecycle of reinsurance contracts, from drafting to execution, and handles inquiries from brokers and clients. It also involves providing contract analysis, mentoring colleagues, and leading projects to improve team development and efficiency.

Requirements

2+ years of contract drafting management experience in reinsurance, insurance, or legal.
A bachelor’s degree or experience in a relevant field.
Strong communication and negotiation skills (both written and verbal), the ability to independently manage and prioritize tasks, attention to detail, and proficiency in Microsoft Office Applications (Word, Excel, and PowerPoint).

Nice To Haves

Associate in Reinsurance (ARe) designation and/or law degree.
Knowledge of contract law, contract provisions, reinsurance concepts and principles, basic regulatory controls, and general business trends.

Responsibilities

Manage the complete lifecycle of a reinsurance contract for your assigned accounts, including drafting the contract language to reflect the intent of the reinsurance negotiations between the client and reinsurers, initiating the contract transmittal and coordinating the execution of all final documentation.
Build relationships with reinsurance brokers and clients and answer any contract-related inquiries on your accounts as needed.
Provide reinsurance contract analysis either independently or in collaboration with the Global Contract Consultant team, including receiving training on and having access to Guy Carpenter’s AI-assisted contract analysis tool.
Support the development of our team for future success, by mentoring and facilitating our colleagues new to the industry through our Contract Drafter Academy, Guy Carpenter’s reinsurance onboarding curriculum.
Lead and/or collaborate with colleagues to complete projects on behalf of the Contracts Team, including creating and presenting training on reinsurance industry topics, and developing workflow tools to aid in the efficiency and accuracy of our work product.