Reinsurance Contracts Specialist

About the role

AmericanAg®, a global provider of diversified reinsurance services, is seeking a Reinsurance Contracts Specialist to join our team in Schaumburg, Illinois. This is a hybrid position requiring a minimum of three days in-office per week, with occasional travel.

Responsibilities

• Assisting the Director of Reinsurance Contracts and Reinsurance Contract Drafters in drafting and negotiating a wide variety of reinsurance contracts.
• Developing an understanding of contract language used in reinsurance contracts (including trust agreements).
• Assembling and issuing reinsurance contract documents for execution and tracking the status of each document (execution, coordination with other parties, etc.).
• Organizing and filing reinsurance contracts and trust agreements.
• Monitoring statutory positions, regulatory guidelines, and judicial decrees affecting reinsurance contract wording.
• Developing skills to support negotiation and resolution of wording issues for reinsurance contracts.
• Drafting addenda and endorsements to reinsurance contracts (ceded, assumed, and retrocessional agreements).
• Researching information (both internal and external) to support legal and contract positions with respect to terms and conditions included in reinsurance contracts.

Requirements

• Bachelor’s degree; JD is a plus.
• Property and casualty insurance/reinsurance knowledge; experience with insurance contracts and foundational knowledge of legal industry practices is a plus.
• Proficiency with Microsoft Office products, especially Word.
• Strong analytical, critical-thinking, decision-making, and problem-solving skills.
• Excellent organizational and time management skills; ability to multi-task and handle multiple priorities often under tight deadlines.
• Ability to collaborate and work successfully in a team environment.
• Professional designations such as CPCU or ARe preferred.

Qualifications

• Experience in the insurance industry.
• Knowledge of contract law and insurance regulations.
• Strong attention to detail and accuracy.
• Excellent communication and interpersonal skills.

Skills

• Contract drafting and negotiation.
• Understanding of insurance contract language and legal principles.
• Microsoft Office proficiency, particularly Word.
• Legal research and analysis.
• Collaborative teamwork.
• Problem-solving and decision-making skills.

Benefits

The expected starting salary range for this position is between $75,000 and $105,000. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual productivity bonus.

Pay

The expected starting salary range for this position is between $75,000 and $105,000. Actual pay will be determined based on experience and other job-related factors permitted by law.

Schedule

This is a hybrid position requiring a minimum of three days in-office per week, with occasional travel.

Benefits

We offer a comprehensive benefits package including health insurance, retirement plans, and paid time off. For more information, please click here.

Who We Are

Since 1948, AmericanAg® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to farm bureau insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace.

Reasons to Consider AmericanAg®

At AmericanAg®, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life, and where employees are appreciated, engaged, and encouraged to reach their full potential.

Contact Information

If you are interested in applying for this position, please visit our careers page or contact us directly. We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for ANY employer without the need for employment visa sponsorship.