SiriusPoint · 11 hours ago
Reinsurance Contract Wordings Specialist
New York, New York, United States
Contract
Onsite
Senior Level
$175K/yr - $200K/yr
5+ years expSiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. As a Sr. Reinsurance Contract Wordings Specialist, you will review, draft, and negotiate contract wordings to ensure alignment with strategic objectives, while promoting consistency and compliance across product lines.
Auto InsuranceInsurance
No H1B
Responsibilities
Review, draft, and negotiate inwards treaty reinsurance and retrocession contract wordings to ensure alignment with SiriusPoint's strategies and appetites
Promote consistency in wordings across product lines and platforms, in conjunction with client and business segment strategies
Deliver best practice and minimum standard reviews to empower underwriters, ensuring compliance with the company's risk appetite, legal, and regulatory requirements
Assist in the review and drafting of outwards reinsurance and internal reinsurance contracts, and in the development of SiriusPoint standard clauses
Stay updated on insurance/reinsurance rulings, legal, regulatory, and emerging issues, modifying or creating new wordings as necessary
Communicate and collaborate with other business areas, including underwriting, pricing, claims, legal, finance, and compliance
Investigate opportunities to enhance team workflow, contract review, and reporting capabilities
Drive process improvement and innovation
Develop specialized knowledge of particular lines of business or structures
Maintain current knowledge of reinsurance and insurance industry issues and contract/policy wording
Update standard contract templates and draft reinsurance contracts, endorsements, and agreements based on corporate standards and client clauses
Analyze contract provisions, identify non-standard wording, and suggest alternatives
Review market-produced reinsurance contracts against corporate standards and agreed terms
Qualification
Required
College or University degree required
Extensive experience in contract wordings or as a qualified solicitor, preferably within a (re)insurance company, broking, or legal environment
Strong analytical, critical thinking, negotiation, and interpersonal skills
Ability to work independently and collaboratively, multitask, and perform in a fast-paced environment
High attention to detail and excellent communication skills
Proficiency in Word, Excel, SharePoint, and Outlook
Knowledge of contract clauses, reinsurance, and primary insurance standards and practices
Minimum of five years of experience in a Contracts Specialist, Underwriting, Legal, Claims, or similar position
Preferred
CPCU designation, ARe designation, or JD degree is a plus
Benefits
Medical
Dental
Vision
FSA Medical and Dependent care
Health Savings Account (HSA)
EAP
Basic Life and AD&D (company paid)
Basic Long-Term Disability (employer) paid-Taxable income
Employee paid Long Term Disability(voluntary)
Company Medical Leave, Parental leave- 8 weeks full pay after 6 months of service
Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
Travel assistance programs Company paid
401(k) 6 % safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
Gym reimbursement
Legal plan
Pet Insurance
Tuition reimbursement
Generous PTO
Flexible work arrangement
Fully stacked pantry on-site
Team outings
ERG Groups
Company
SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$300M2018-02-09Debt Financing· $300M
2016-04-19Acquired
Leadership Team
Joseph Marcianti
Senior Vice President, Chief Audit Officer
Tony LeHan
Senior Vice President & Chief Accounting Officer at SiriusPoint
Company data provided by crunchbase