Reinsurance Contracts Specialist

AmericanAg®, a global provider of diversified reinsurance services, is looking for a Reinsurance Contracts Specialist to join their team in Schaumburg, Illinois. The role involves drafting and negotiating reinsurance contracts, ensuring compliance with regulations, and collaborating with internal and external stakeholders.

Responsibilities

• Assisting the Director of Reinsurance Contracts and Reinsurance Contract Drafters in drafting and negotiating of wide variety of reinsurance contracts
• Developing an understanding of contract language used in reinsurance contracts (including trust agreements)
• Assembling and issuing reinsurance contract documents for execution and tracking the status of each document (execution, coordination with other parties, etc.)
• Organizing and filing reinsurance contracts and trust agreements
• Monitoring statutory positions, regulatory guidelines, and judicial decrees affecting reinsurance contract wording
• Developing skills to support negotiation and resolution of wording issues for reinsurance contracts
• Drafting addenda and endorsements to reinsurance contracts (ceded, assumed, and retrocessional agreements)
• Researching information (both internal and external) to support legal and contract positions with respect to terms and conditions included in reinsurance contracts

Skills

• Bachelor's degree
• Property and casualty insurance/reinsurance knowledge; experience with insurance contracts and foundational knowledge of legal industry practices
• Proficiency with Microsoft Office products, especially Word
• Strong analytical, critical-thinking, decision-making, and problem-solving skills
• Excellent organizational and time management skills; ability to multi-task and handle multiple priorities often under tight deadlines
• Ability to collaborate and work successfully in a team environment
• JD is a plus
• Professional designations such as CPCU or ARe preferred

Benefits

• Annual productivity bonus

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