Program Reinsurance Contracting Manager - Eatontown, NJ or Remote

About the role

The A&H Legal Department is responsible for the various legal functions of Crum & Forster’s Accident & Health division, including contract strategy, development, negotiation and tracking, litigation management, and any other miscellaneous legal support to the various disciplines.

Responsibilities

• Manage various aspects of contracting through use of legal team’s systems and templates, integration with underwriting and accounting, and contract review negotiations with external parties.
• Draft and review external reinsurance treaties and provide input on related program agreements, based on pre-defined templates, protocols, underwriting input and industry knowledge.
• Negotiate reinsurance contract language supporting business terms with internal/external partners, and coordinate discussions with related parties to drive the contract delivery process, bringing in VP when necessary.
• Advise and respond to contract questions or issues by coordinating with Legal support staff and Underwriters during divisional contract pipeline approval and signature workflows.
• Manage queue of open reinsurance contracts; advise and coordinate follow-up and system status update tasks with Legal and Business Unit team members to drive contracting lifecycle timelines and create meaningful prioritization, tracking and status reporting data.
• Review supplemental MS Excel reporting, contract system reporting and metric dashboards to assist in the evaluation of the contract management process, identify and address inconsistencies and/or errors of data, and identify trends or report risk details to the A&H organization.
• Develop updated training/user manuals to ensure users of contract systems follow consistent protocols and specification; assist in training and communications on integration strategies with Business Units and Shared Services.
• Partner with Legal team and the A&H Strategy & Innovation team to develop rules-based dynamic protocols, to apply on bulk basis without the need to update each contract individually to promote scaling of contracting.
• Partner with the Legal team, Business Units and the A&H Strategy and Innovation team on enhancements to quote and contract structure, templates and tools for integration of program contracting with underwriting and finance systems to promote risk mitigation, speed in implementation, renewal persistency and scale across the A&H Division.

Requirements

• Bachelor’s degree - insurance or reinsurance designation (e.g. CPCU, ARe, ARA) a plus.
• 8+ years in the reinsurance field and/or the program insurance industry with duties involving Reinsurance transactions or contracts.
• Demonstrated industry knowledge and contacts in at least one reinsurance contract segment such as Assumed Fronting, International, Managed Care, Captive or Program contracting.
• Demonstrated understanding of multi-party contractual agreement types and uses.
• Demonstrated understanding of reinsurance terminology impacting profit & loss management.
• Experience in developing automated workflows, based upon rules-based technology protocols a plus.
• Ability to utilize Microsoft Office (Word, Excel, Outlook, PowerPoint) and other similar software.