Contract Drafter
Lockton · Minneapolis, MN · 1 mo ago
Art & CreativeContract
Your Responsibilities
- Prepares draft contracts, endorsements, and other documents for clients and markets.
- Researches regulations and other industry requirements impacting reinsurance contracts, as needed.
- Discusses contract issues with broker teams.
- Facilitates the brokers’ negotiation of contract language and liaises with clients and markets, as needed.
- Maintains contract and correspondence files, in accordance with corporate guidelines.
- Works with contracts administrative staff, brokers, reinsurers and clients to ensure timely execution of reinsurance contracts.
- Provides document review, training, and oversight for brokers.
- Documents the status and abstracts the content of contracts in the firm’s document tracking systems.
Qualifications
- Bachelor's degree (B.A.) from four-year college or university and experience in a contract writing department of a reinsurance broker, reinsurance underwriter, or ceding company is required.
- JD or other legal degree preferred, but not required.
- Minimum 3 years reinsurance contract drafting work experience.
- Must be proficient in the Microsoft Office products.
- Experience with document management and workflow systems would be a plus.
- Able to read, analyze, and interpret reinsurance contracts for various lines and programs is essential.
- Must understand and assimilate industry developments (such as the emergence of new lines of insurance, reinsurance structures, regulations, business processes, etc.) as they arise.
- Excellent writing skills required.
- Must be a skilled and an effective negotiator.
- Able to complete continuing education requirements as needed.
- Ability to attend company, department, and team meetings as required, including industry training sessions.
- Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information.
- Able to efficiently organize work and manage time to meet deadlines.
- Able to work outside of normal business hours as needed.