Senior Reinsurance Contract Analyst

3 weeks ago

New York, United States Masis Professional Group Full time

MASIS Professional Group's Insurance Staffing Team has partnered with a Global Reinsurance organization to conduct a search for a Sr. Reinsurance Contract Analyst based in NYC.

Sr. Reinsurance Contract Analyst - Hybrid NYC

Since 1977 our client has delivered first class solutions to insurers worldwide, by combining global reach with local decision making. They have built customer & broker relationships on years of trust, experience, and execution. Through their people, their products and their partnerships, they deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, their colleagues work with:

  • Integrity Work honestly, to enhance Companys reputation.
  • Respect Value all colleagues. Collaborate actively.
  • Performance We reward excellence. Be accountable, manage risk and deliver Companys strengths.
  • Entrepreneurship Seize opportunities. Innovate for and with customers.
  • Customer Focus Anticipate their priorities. Exceed their expectations.

Description

The Reinsurance Contract Analyst will analyze U.S. & Canadian Treaty Reinsurance Contracts and give feedback to underwriters regarding consistency of contract language and approved firm order terms & conditions, while also highlighting material year-over-year changes and discrepancies. This role will report to the Global Operations Leader in the Global Portfolio management team and will have great visibility with Underwriters and Brokers at all levels. Responsibilities include, but are not limited to:

  • Maintaining timely turnaround of review on renewal business, new business, final documents, I&L processing, and endorsements
  • Collaborating with internal and external stakeholders including Senior Management, U.S. and Canadian Treaty Underwriters, Legal, Claims and Reinsurance Brokers
  • Developing and monitoring contracts training plans for underwriters and technical assistants
  • Communicating contract changes based on Lines of Business, Clients, Brokers, Clauses and providing historical perspective on contract changes.
  • Tracking broker introduced language and communicating throughout the underwriting team.
  • Leading quarterly task force meetings that are led by the contracts analytics team in order to outline trends and changes in contract language with the underwriting team.
  • Assisting in contracts administration including documentation of internal electronic file
  • Assisting on special projects across multiple product lines and providing support/feedback to other departments as required, including but not limited to drafting treaty and certificate language.
  • Requirements7+ years of experience with Reinsurance Treaty Contracts Analysis either as a Contract Analyst or Treaty Underwriter
  • Strong technical skills in reinsurance contract structures and coverages
  • Proficient knowledge of reinsurance operations and industry practices
  • Professional (re)insurance designations such as CPCU or ARe are preferred.
  • Strong organization skills with meticulous attention to detail

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