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UFG Insurance · 2 days ago

Corporate Counsel - Contracts, Insurance & Reinsurance

Cedar Rapids, IA

Full-time

Onsite

Senior Level

$103K/yr - $136K/yr

6+ years exp

UFG Insurance is currently hiring a Corporate Counsel to focus on contracts, insurance, and reinsurance. In this role, you will be responsible for drafting, reviewing, and finalizing formal documentation related to commercial contracts and reinsurance treaties while staying informed on industry trends and regulations.

Financial ServicesInsurance

Responsibilities

Draft, review and negotiate a broad range of contracts, including reinsurance treaties, agency/broker agreements, vendor/service agreements, software licenses/SaaS agreements, and commercial real estate leases

Identify terms that vary from company standards and policies to ensure consistency, alignment with company strategies and appetite, compliance with laws and regulations, and recommend appropriate modifications

Collaborate closely with the vendor management team to develop and maintain standard vendor contract templates, playbooks and SLA terms

Support the development and implementation of a library of preferred reinsurance provisions, and formalized contract review procedures

Stay updated on insurance/reinsurance rulings, legal, regulatory, and emerging issues, modifying or drafting new contract terms as necessary

Oversee components of the insurance regulatory function, including management of data call requests, periodic reporting to state agencies, and other ad hoc requests (e.g., sustainability disclosures)

Develop specialized knowledge of particular lines of business or structures

Assist in corporate governance and risk management activities as they pertain to reinsurance

Provide accurate and timely counsel to the different internal business units and executives on a variety of legal topics, including analysis of contract terms and conditions, and strategies for resolving contract disputes

Assist in improving and maintaining contract workflows, document management and retention procedures and other company policies and records

Champion a robust contract lifecycle management process

Develop and deliver training on contract and regulatory issues to business stakeholders

Undertake special projects and tasks as needed, addressing unique legal challenges and supporting new business initiatives in a dynamic environment

Qualification

Juris Doctor (JD)InsuranceReinsurance knowledgeContract draftingNegotiationCPCUAre designationRegulatory complianceAnalytical abilitiesCommunication skillsOrganizational skillsProblem-solving skillsTeam collaboration

Required

Juris Doctor (JD) degree from an accredited law school

Admission to at least one U.S. state bar

Extensive experience (6+ years) drafting, reviewing and interpreting insurance, reinsurance and/or commercial contracts, preferably gained at an insurance or reinsurance company

Advanced knowledge of contract terms, conditions and legal ramifications

Strong knowledge of insurance and reinsurance principles, contract structures, and regulatory requirements

Excellent communication and interpersonal skills

Strong negotiation and contract management skills

Ability to manage multiple tasks and work effectively under pressure

Keen analytical abilities and excellent judgment, a pragmatic approach to problem solving, flexibility to adapt and thrive in an environment that is constantly changing, and the ability to make smart decisions in the face of ambiguity and imperfect information

Self-directed, solution-focused individual who has a strong work ethic, strong business acumen, and the ability to collaborate cross-functionally to achieve enterprise-wide results

Superior organizational and written and verbal communication skills

Skilled attention to detail and organization required

Ability to prioritize and complete time-sensitive projects on time

Must deploy sound, mature legal judgment, and influence to build effective working relationships with a wide variety of internal and external colleagues

Ability to explain complex and/or sensitive information in a straightforward manner

Desire to be a collaborative member of a highly-engaged, high performing team