Head of Global Contract Wordings

4 weeks ago

Stamford, Connecticut, United States PartnerRe Full time
About the Role:

We are seeking an experienced and legally trained professional to lead a specialized team across multiple locations within our Non-Life Reinsurance division. This is a hands-on role where you will actively engage in contract review and amendment while managing and mentoring your team.

Key Responsibilities:
  • Team Leadership: Actively manage, mentor, and participate in the work of a global team of contract specialists, ensuring high standards of work and fostering professional development.
  • Contract Drafting & Review: Take a leading role in drafting, reviewing, and amending reinsurance contracts to ensure they accurately reflect underwriting and commercial intent while adhering to legal, regulatory, and risk guidelines.
  • Underwriting Support: Collaborate closely with Underwriters to ensure contracts are in line with underwriting guidelines and risk appetite. Provide clear, actionable advice to help Underwriters focus on key contract terms and effectively negotiate with clients when necessary.
  • Guideline Maintenance: Maintain and update the Non-Life Underwriting Guidelines as directed by the Chief Underwriting Officer to ensure they remain current and effective.
  • Compliance and Regulatory: Monitor changes in reinsurance regulations and ensure all contract wordings are compliant with current laws and industry standards.
  • Workflow Design & Improvement: Design and implement efficient workflows for contract review, focusing on improving the relevance, efficiency, and speed of reviews to support business closeness and client interaction when appropriate.
  • Stakeholder Collaboration: Work closely with Underwriters, the Legal team, and the Chief Underwriting Officer to ensure that contract terms are understood, practical, and enforceable. Provide support to Underwriters in prioritizing the critical elements of contracts over less essential points.
Qualifications:

We are looking for a legally trained professional with extensive experience in wordings and reinsurance contracts. A Bachelor's degree in Law and an advanced degree are preferred. The ideal candidate will have demonstrated expertise in reviewing and amending reinsurance contracts, with a strong focus on ensuring contracts reflect the underwriting and commercial intent. Experience with US Casualty reinsurance contracts is highly desirable. The successful candidate will be able to distinguish between essential contract elements and less critical terms, advising Underwriters on practical solutions to achieve client acceptance. Experience in designing and implementing workflow improvements to enhance contract review processes is also essential. Additionally, the candidate will have experience managing and actively participating in the work of a team, providing both guidance and hands-on support.

About PartnerRe:

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength. We are committed to rebuilding businesses and communities after risk events around the world. Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people, and making a positive contribution to society. We live by our values of Integrity, Performance, Collaboration, Straightforward Communication, and Respect and Care.

We are an equal opportunities employer and invite you to learn more about our Diversity and Inclusion initiatives. Thank you for considering a career at PartnerRe.

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