1 Contract Writer Job in Princeton, NJ
Munich Re is Hiring a Contract Writer Near Princeton, NJ
We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. We will consider a range of reinsurance and/or relevant insurance experience for this role and the offer will be commensurate with that.
The CompanyMunich Re US (MR US) offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients’ needs, creating opportunities to achieve sustained profitable growth.
The OpportunityFuture focused and always one step ahead
The Contract Writer will, under limited supervision, review and/or draft accurate and timely reinsurance contract wordings that meet Munich Re group and local internal policies, procedures and industry standards. They will also ensure wordings are fully executed according to time frames set by Munich Re US (MRUS).
Key Responsibilities
- Under limited supervision, review, analyze and draft reinsurance contract documentation for all lines of reinsurance business, and prepare ancillary documents as required, including letters of intent, special endorsements, etc., escalating to the Unit Manager or relevant authority as appropriate.
- Participate in the creation of alternative wordings to simultaneously meet client needs and comply with General Underwriting Guidelines and market standard wordings.
- Peer review and audit reinsurance contract wordings to ensure accuracy and adherence to unit quality assurance procedures.
- Consistently adhere to MRUS individual performance, productivity and customer (internal and external) satisfaction targets.
- Oversee diary process, ensure wordings are fully executed within approved time frames and document receipt.
- Provide consultative guidance to Business Development Managers and Underwriters on the potential structure of non-routine contracts and endorsements.
- Monitor industry changes and trends, as well as Munich Re Munich/MRUS contract policy changes.
- Conduct research or participate in special projects as assigned.
- Participate, as needed, in peer reviews of contracts drafted by other contract writers.
- Bachelor’s degree in business, risk management, or related field
- Juris Doctor from an accredited law school a plus
- 3 years of legal experience with a focus on contract drafting preferred.
- Excellent written and oral communication skills with the ability to communicate at all levels within a global organization.
- Strong negotiation skills and critical thinking skills.
- Knowledge and understanding of contract law principles including the ability to approach complex legal and/or contractual issues with a business solution oriented mindset.
- Ability to coordinate with internal departments to proactively identify contract wording issues and effectively use problem solving and business judgment to resolve those issues in compliance with internal policies and market custom and practice.
- Interested in utilizing and/or further developing advance digital and data technology (software, analytics) as required by the department.
- Self-motivated with an ability to work well under pressure and manage multiple projects and priorities in a fast-paced environment.
- Quantitive skills, and a basic understanding of insurance, reinsurance, or finance is a plus.
- Proficient in the following Microsoft Office tools incudling Outlook, Word, PowerPoint and Excel.
The base salary range anticipated for this position is $110,500 to 162,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Summary
Full Time
Insurance
$88k-111k (estimate)
06/21/2024
08/02/2024
munichre.com
ATLANTA, GA
3,000 - 7,500
1880
Private
MICHAEL G DEKONING
$1B - $3B
Insurance
Related Companies
The job skills required for Contract Writer include Microsoft Office, PowerPoint, Problem Solving, Quality Assurance, Oral Communication, etc. Having related job skills and expertise will give you an advantage when applying to be a Contract Writer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Contract Writer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Contract Writer positions, which can be used as a reference in future career path planning. As a Contract Writer, it can be promoted into senior positions as a Technical Writer IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Contract Writer. You can explore the career advancement for a Contract Writer below and select your interested title to get hiring information.
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