PartnerRE Ltd.
Senior Contract Wording Specialist
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Company Description
PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment 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. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.
Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:
- Shape your own career
- Grow in a supportive environment
- Connect with a community of experts
- Make an impact
View Home - PartnerRe Experience e-book to find out more about what it’s like to work at PartnerRe.
We are always looking for bright, proactive individuals to join our team! Please follow our Careers page for all updates on new positions. We look forward to receiving your application.
PartnerRe is an equal opportunities employer. Please join our company LinkedIn Page for all updates on new positions that are coming live.
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Job Summary
The Senior Contract Wording Specialist will provide technical guidance to Underwriters with respect to a wide range of North American and International reinsurance agreements. Responsibilities include applying the Company’s underwriting guidelines to assumed property and casualty reinsurance agreements and assisting the Company’s retrocessional department in drafting bespoke clauses and wordings. Provide Underwriters with commercial and actionable advice to help achieve optimal contract wordings. Provide technical guidance in developing and implementing technology-forward contract review and management tools. This role will report to the Global Head of Contracts.
About the role
- Serve as thought leader with respect to insurance and reinsurance industry trends and regulatory changes impacting reinsurance coverage and wording issues.
- As a member of the CUO’s office, assist with establishing and implementing wording-related policies to be consistently applied throughout a global organization.
- Work with Contract Wording team, Underwriters, Claims personnel, and Legal colleagues to draft agreements, resolve wording issues, refine wording templates and establish best practices.
- Analyze contracts and endorsements for suitability and check for deviations from company underwriting guidelines and agreed-upon terms.
- Act as a key contributor in developing tech-based wording review tools and processes to improve consistency, relevancy and productivity.
- Evaluate broker produced wordings and market reference clauses for suitability and craft solutions to address underwriting concerns.
- Prepare reinsurance contracts, endorsements, NDAs and other agreements based on corporate standards.
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Qualifications
Technical Skills:
- Expertise with relevant software, including CoPilot, Word, Excel, and SharePoint.
- Project management
- Excellent analytical and communication skills.
- High attention to detail and ability to spot errors and inconsistencies.
Behavioral Competencies:
- Excellent written communication skills, including demonstrated competence in technical reading, writing and communicating in English.
- Strategic and analytical thinker, including basic math proficiency and proven problem solving.
- Adaptable to proprietary systems/applications as demonstrated by previous experience.
- Demonstrated collaborative and learning mindset
Work Experience:
- 10 or more years of experience in (re)insurance contract drafting, underwriting, legal, and/or claims.
Education:
- A Legal degree, Bachelor's degree, Paralegal degree or ARe preferred.
Additional Information
#LI-Hybrid
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Thank you,
PartnerRe Hiring Team
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