Contract Wordings Counsel
3 days ago
About the Job
We are seeking a highly skilled Reinsurance Contracts Expert to join our team at Crossell. As a Reinsurance Contracts Expert, you will be responsible for drafting and reviewing (re)insurance contract wordings, advising on contract-related matters, and engaging with internal and external clients to negotiate and finalize the terms of reinsurance contracts.
Key Responsibilities
- Drafting and critiquing (re)insurance contracts, binders, slips, endorsements, and related documents to align written agreements with business intent and corporate requirements.
- Performing portfolio analysis and providing insights on trends related to contract risks in reliance on Swiss Re contracts systems and database.
- Aligning reinsurance contracts with applicable law, regulations, and internal requirements.
- Coordinating, communicating, and participating in the development of corporate policies on contract-related matters.
- Supporting functional development of contract management and analytical systems.
- Collaborating with Client Managers and Underwriters in contract negotiations, including discussions with external clients and brokers.
Requirements
- A degree holder in business, finance, insurance, law, or a related field, preferably with a professional insurance designation (e.g., ACII or equivalent).
- A minimum of 5 years of (re)insurance industry experience in (re)insurance claims, underwriting, coverage counsel, legal, or product roles.
- Solid understanding of P&C (re)insurance policy wordings, coverage, product, and business processes.
- Good skills and confidence in commercial/(re)insurance coverage agreement drafting.
- External customer servicing, management, or advising experience is an advantage.
- Exposure to a multi-cultural work and/or client servicing environment.
- High-level fluency in English, including business terminology, and additional fluency in Chinese and/or Mandarin is a plus.
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