What are the responsibilities and job description for the Reinsurance Contracts Specialist position at Gen Re?
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General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for a Reinsurance Contracts Specialist in our Stamford, CT office. This a hybrid role with two days a week in the office or performed remotely with periodic trips to the Stamford office for an appropriately qualified individual.
Role Description
Primary Responsibilities
The Reinsurance Contracts Specialist contributes to the Contracts team by performing these functions:
- Review market-produced reinsurance contracts against corporate standards and agreed-upon terms.
- Analyze general clauses and business-specific contract provisions, identify wording that is contrary to standards or terms, and suggest alternative wording as appropriate.
- Draft reinsurance contracts, endorsements, and interests and liability agreements based on corporate standard wordings, client clauses, and agreed terms.
- Update standard contract templates.
Additional Responsibilities
- Keep current on reinsurance and insurance industry issues and contract/policy wording.
- Develop specialized knowledge of particular lines of business (property, casualty, specialty) or structures (excess of loss, quota share, per risk, per occurrence, per policy).
- Collaborate with other members of the Contracts team, Underwriters, Claims and Legal colleagues to improve wordings.
- Set challenging goals and work to meet them.
- Effectively manage time and meet deadlines.
Role Qualifications and Experience
- Minimum of five years of experience in a Contracts Specialist, Underwriting, Legal, Claims or similar position.
- Knowledge of reinsurance and/or primary insurance standards, practices and principles.
- Knowledge of contract clauses and/or primary policy forms.
- Excellent analytical and communication skills.
- High attention to detail and ability to spot errors and inconsistencies.
- Strong ability to multitask and perform in a fast-paced environment with a positive approach.
- Ability to work independently and collaborate with colleagues within and across departments.
- Excellent Word skills; proficient in Excel, SharePoint, Outlook
- College degree required.
- CPCU designation, ARe designation, JD degree a plus.
Salary Range
106,000.00 - 178,000.00 USDThe annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Corporate Headquarters Address
General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
