Contract Specialist Lead

Confidential Company  •  New York, NY and New York, NY

11 - 15 years experience  •  Financial Services

Salary depends on experience
Posted on 12/13/17 by Jay Modi
New York, NY
11 - 15 years experience
Financial Services
Salary depends on experience
Posted on 12/13/17 by Jay Modi

Contract Specialist Lead- New York, NY 10055-Direct hire (Full time permanent position)

 

Description

·        This is a “player/coach” role with responsibility for contract drafting on the most complex client account assignments as well as leading and coaching a small number of junior colleagues in the technical application of reinsurance principles to contract writing.

·        The successful candidate for this role will be a subject matter expert in technical contract drafting with strong knowledge of broad-based reinsurance concepts and theory, with excellent client-facing skills.

·        Responsible for the creation, distribution and maintenance of contract documentation for assigned accounts as well as utilization of comprehensive knowledge of insurance/reinsurance concepts to work with assigned clients' business.

·        Provide guidance to clients, brokers and CSS colleagues based on technical expertise and the application of reinsurance contract provisions.

·        Responsible for assessing and growing skills of assigned colleagues as well as managing development plans.

·        Working with BSS Manager, deliver performance feedback and identify operational and client service improvement opportunities.

 

Responsibilities:

·        Management of most complex client base for all aspects of reinsurance contracts, as assigned.

·        Interpret and assess contracts and perform quality assurance review for self and others to ensure accuracy and that contract wording reflects intent of reinsurance negotiations.

·        Provide technical guidance to Colleagues, Brokers and Clients as appropriate, regarding reinsurance concepts and contractlanguage application, including presentations with Broking to clients on their reinsurance contracts, as requested.

·        Recommend coverage and wording enhancements, as requested.

·        Research and respond to inquiries from Brokers, Clients and Markets.

·        Input contract status data in the electronic document tracking system.

·        Utilize BSS Dashboard and/other legacy tracking tools to manage contract performance.

·        Actively and continually upskill the technical expertise of junior colleagues assigned.

·        Perform technical and overall quality reviews of all documentation for junior colleagues assigned, mindful of GC procedures and GC and/or Client preferred clauses, protocols and timelines.

·        Support Senior Management by contributing to the formulation and execution of US BSS strategic objectives.

·        Actively enforce compliance and internal governance within policies and procedures for assigned colleagues.

·        Proactively address operational and service delivery issues, elevating to BSS Management as needed.

·        Along with the colleague, maintain and monitor individual performance and development plans for assigned colleagues.

·        Ensure operational and service excellence goals are met within assigned colleagues, using Management Information metrics.

·        Develop and deliver training for the Department as requested.

·        Provide input for the evolution of the operational model at all levels of the organization.

·        Promote, build and maintain relationships with Brokers, Clients and Markets.

·        Participate in team and department meetings and activities to share opinions, ideas, knowledge and solutions; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes. Seek opportunities to increase own understanding and improve the services provided.

·        Perform other job related duties as assigned.

Qualifications

Education:

Four Year College Degree (B.S. or B.A.) and equivalent experiencepreferred.

Required Experience:

·        Minimum of 10 years of related industry experience in reinsurance, insurance and/or legal environment; preferably in insurance or reinsurance contracts.

Knowledge and skills:

·        Strong knowledge of and ability to appropriately applycontract provisions, reinsurance concepts and principles and familiarity with basic regulations of the region.

·        Able to engage and lead discussions with Clients, Markets and Colleagues in a professional and effective manner.

·        Excellent and effective verbal and writing skills.

·        Demonstrated ability to work as part of a high performance team.

·        Positive attitude, willingness to offer and help execute ideas and solutions to enhance processes within a changing environment.

·        Enabling the success of others and offering guidance appropriate to the development level of each Colleague.

·        Successful management of workload; able to manage expectations of all stakeholders.

·        Able to challenge appropriately, supporting business cases with facts and information.

·        Understanding of project management methodology, stakeholder management, and risk mitigation.

·        Ability to work cooperatively with others

·        Resourceful and proactive

·        Ability to be discrete and maintain confidentiality on a wide range of issues.

·        Strong organizational skills and the ability to pay attention to detail and multi-task under tight timeframes.

·        Proficiency in Microsoft Office Applications (Word, Excel, and PowerPoint) required.

Other requirements:

·        Associate in Reinsurance (ARe), Chartered Property Casualty Underwriter (CPCU) strongly desired

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