Associate II - Reinsurance Contract Services

Company:Guy Carpenter

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 can 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: 

• Minimum two years of reinsurance experience.
• A 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 (standard verbiage on all job postings)

• 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.

Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

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.