Marsh McLennan

Reinsurance Contract Drafter

Marsh McLennan$91K — $167K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of reinsurance experience.
  • Bachelor’s degree or relevant field experience.
  • Strong written and verbal communication skills.
  • Ability to independently manage and prioritize tasks.
  • Attention to detail and proficiency in Microsoft Office (Word, Excel, PowerPoint).

Responsibilities

  • Manage the complete lifecycle of reinsurance contracts for assigned accounts.
  • Build relationships with reinsurance brokers and clients, addressing contract inquiries as needed.
  • Provide independent or collaborative reinsurance contract analysis using AI-assisted tools.
  • Mentor new colleagues through the Contract Drafter Academy and support team development.
  • Lead or collaborate on projects, including training and workflow tool development.

Benefits

  • Hybrid work schedule with remote options for experienced candidates.
  • Support for an inclusive and diverse work culture through dedicated programs.
  • Opportunities for professional development and career advancement.
  • Collaborative work environment with talented colleagues.
  • Comprehensive benefits and rewards to enhance well-being.
Full Job Description

Guy Carpenter is looking for individuals with reinsurance contract drafting experience to join our expanding North American Contracts Team, with your level of experience determining your role (Contract Associate, Senior Contract Associate, or Senior Contract Specialist) and title (Assistance Vice President, Vice President, or Senior Vice President).

You’ll want to join our team if you:

Value work-life balance.We offer a hybrid work schedule for our offices in New York, NY, Edina, MN, Seattle, WA, and Philadelphia, PA, with consideration for other US-based locations. Remote work is an option for candidates with significant reinsurance experience. Our current summer schedule includes a mid-day release on Fridays.

Appreciate an inclusive and diverse work culture. For us, these aren’t just buzzwords – we demonstrate and support these principles through our GC Embrace and Women LEAD (Leadership, Excellence, Action, Development) programs, and are dedicated to promoting and supporting diversity in our team.

Have professional aspirations. Whatever your career goals are, we want to provide you with opportunities to expand your skills and gather the professional experience needed to achieve them – and the Contracts Team includes direct career paths into either team management or into the Global Contract Consultant team, our group of reinsurance contract experts.

We will count on you to:

  • Manage the complete lifecycle of a reinsurance contract for your assigned accounts, including drafting the contract language to reflect the intent of the reinsurance negotiations between the client and reinsurers, initiating the contract transmittal and coordinating the execution of all final documentation.
  • Build relationships with reinsurance brokers and clients and answer any contract-related inquiries on your accounts as needed.
  • Provide reinsurance contract analysis either independently or in collaboration with the Global Contract Consultant team, including receiving training on and having access to Guy Carpenter’s AI-assisted contract analysis tool.
  • Support the development of our team for future success, by mentoring and facilitating our colleagues new to the industry through our Contract Drafter Academy, Guy Carpenter’s reinsurance onboarding curriculum.
  • Lead and/or collaborate with colleagues to complete projects on behalf of the Contracts Team, including creating and presenting training on reinsurance industry topics, and developing workflow tools to aid in the efficiency and accuracy of our work product.

What you need to have: 

  • 2+ years of reinsurance experience.
  • Bachelor’s degree or experience in a relevant field.
  • Strong communication and negotiation skills (both written and verbal), the ability to independently manage and prioritize tasks, attention to detail, and proficiency in Microsoft Office Applications (Word, Excel, and PowerPoint).

What makes you stand out:

  • Associate in Reinsurance (ARe) designation and/or law degree.
  • Knowledge of contract law, contract provisions, reinsurance concepts and principles, basic regulatory controls, and general business trends.

Why join our team:

  • We empower you to excel through professional development opportunities, engaging work, and supportive leadership.
  • We promote a vibrant and inclusive culture where you can collaborate with talented colleagues to develop innovative solutions that make a meaningful impact on clients and communities.
  • Our scale provides a diverse range of career opportunities, along with comprehensive benefits and rewards designed to enhance your well-being.

The applicable base salary range for this role is $91,100 to $167,200.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

Similar Jobs

More Jobs at Marsh McLennan

More Finance & Insurance Jobs

Find similar Reinsurance Contract Drafter jobs: