About Us
Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:
Integrity Work honestly, to enhance TransRe’s reputation
Respect Value all colleagues. Collaborate actively.
Performance We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths
Entrepreneurship Seize opportunities. Innovate for and with customers.
Customer Focus Anticipate their priorities. Exceed their expectations.
We have the following job opportunity in our New York City office:
Description
The Reinsurance Contract Analyst will analyze U.S. & Canadian Treaty Reinsurance Contracts and give feedback to underwriters regarding consistency of contract language and approved firm order terms & conditions, while also highlighting material year-over-year changes and discrepancies. This role will report to the Global Underwriting Operations Leader in the Global Portfolio management team and will have great visibility with Underwriters and Brokers at all levels. Responsibilities include, but are not limited to:
- Maintaining timely turnaround of review on renewal business, new business, final documents, I&L processing and endorsements.
- Collaborating with internal and external stakeholders including Senior Management, U.S. and Canadian Treaty Underwriters, Legal, Claims and Reinsurance Brokers.
- Developing and monitoring contracts training plans for underwriters and technical assistants.
- Communicating contract changes based on Lines of Business, Clients, Brokers, Clauses and providing historical perspective on contract changes.
- Tracking broker introduced language and communicating throughout the underwriting team.
- Leading quarterly task force meetings that are led by the contracts analytics team in order to outline trends and changes in contract language with the underwriting team.
- Assisting in contracts administration including documentation of internal electronic file
- Working with internal AI-Team to create and maintain contract review functionality, libraries and tracking industry trends.
- Assisting on special projects across multiple product lines and providing support/feedback to other departments as required, including but not limited to drafting treaty and certificate language .
Requirements
- The ideal candidate will have strong experience reviewing contracts on a detailed level. This experience can be from a (re)insurance or legal perspective and will have equipped you with the tools to review contracts in any subject matter.
- Interest in partnering with AI team to create, implement then provide ongoing support as the subject matter expert on the AI contracts tool.
- Strong technical skills in reinsurance contract structures and coverages.
- Proficient knowledge of reinsurance operations and industry practices.
- Professional (re)insurance designations such as CPCU or ARe are preferred.
- Strong organization skills with meticulous attention to detail.
Work Schedule
TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences marketplace trends, and TransRe’s business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.
Compensation
In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $115,000 – $145,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.
We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.
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What We Do
We are a leading international reinsurance organization headquartered in New York with operations worldwide. We offer reinsurance capacity on both a treaty and facultative basis. We built our business on the principles of capacity, reliability, expertise and creativity to deliver the risk transfer solutions you need to support your business. We work closely with you, listening and asking to understand your strategic objectives, and offering you the full spectrum of property and casualty products, services and support to help you grow and succeed. We have dedicated teams of local professionals near you and we build relationships based on the fundamental promise that we will be here when you need us. We have the ability and willingness to pay your claims. We are members of the Berkshire Hathaway group of companies. We value risk. Our Core Values are woven into our key employment policies and procedures: Integrity - Work honestly. Enhance our reputation. People - Develop diverse talent. Reward excellence. Customer Focus - Anticipate their priorities. Exceed their expectations. Respect - Value all colleagues. Collaborate with one another. Entrepreneurship - Seize opportunities. Innovate for and with customers. Performance - Be accountable. Manage risks. Deliver our strength. For immediate and confidential consideration, please email your resume to [email protected].
