Program Reinsurance Contract Analyst

MS Transverse Continues to Grow! Company Overview MS Transverse is a subsidiary of MSIG USA and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world. MS Transverse is dedicated to the global program market and partners with MGAs, program administrators, and general agents to offer a full suite of insurance services. We believe that by aligning the interests of all parties involved in our programs – distribution partners, MS Transverse, and the reinsurance community – we can deliver outsized results to a market in need of responsible actors with experience and expertise. Job Description This position can be located out of the New Jersey office, New York City office, or for the right candidate this candidate can be remote. Independently review/edit/create/interpret complex and non-standard reinsurance contracts to accurately memorialize negotiated reinsurance placement terms, including facultative, treaty, and retrocessional arrangements Deep, expert-level knowledge of standard and bespoke market wordings, with the ability to identify, resolve, and advise on complex technical and coverage issues Act as the primary escalation point and subject matter expert between MS Transverse and Brokers/Reinsurers for questions/inquiries associated with contract wording for programs they are responsible for. Draft and negotiate related contract documents, including amendments, and other supporting agreements, often with minimal oversight Ensure contract language complies with applicable regulatory and statutory requirements across admitted and non-admitted lines, and advise leadership on emerging regulatory and reinsurance wording trends and considerations Collaborate cross-functionally with Legal, Compliance, and Product teams to support contract development and risk management initiatives Mentor and provide technical guidance to other ceded reinsurance team members, by reviewing the reinsurance contracts and explaining complex reinsurance terms and conditions. Contribute to the development of department best practices, templates, and standard contract wording libraries Assist in additional projects as assigned Job Requirements/Qualifications Education Bachelor’s Degree (job-related majors/fields of study a plus); ARe or CPCU strongly preferred Advanced degrees, Juris Doctor/job-related designations preferred Experience Fifteen + years progressive experience working on reinsurance wording in a US/London market environment, including treaty, facultative and ILS Side Car placements Extensive, expert-level knowledge of reinsurance placements, terms & conditions, including statutory and reinsurance accounting implications Technical and/or analytic experience that can be adapted to current technologies Strong verbal and written communication skills Analytical, decision making, problem resolution and organizational skills Demonstrated track record leading complex, high-value contract negotiations and mentoring or managing junior team members Other Components Excellent industry leading benefits package Progressive work environment that parses both virtual and office environments Remuneration is superior for the right person Ability to build their own brand as they build MS Transverse’s brand Direct interaction with, and visibility to, all the senior leadership of the firm. Additional job description-Salary: The base range is $200-$300k. Salary determination are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. Additional Benefits Healthcare and Retirement BenefitsComprehensive medical, dental, and vision coverage401(k) with a generous employer match and profit-sharing contributionWellness incentive programLife and accidental death and dismemberment (AD&D) insuranceFlexible spending programsShort-term and long-term disability plans Additional Benefit Programs Paid time off programPaid charitable leavePaid parental leaveTuition reimbursement programPersonal insurance (auto/homeowners) discounts It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group! It is the policy of MS Transverse to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MS Transverse will provide reasonable accommodations for qualified individuals with disabilities.