Contract Writer

Company



Munich Re America



Location



Princeton
, United States

Exciting opportunity for candidates with a broad variety of experience. Have you worked in a legal role for a few years and want a new challenge? Do you have a JD and are asking what's next? Keep reading!

We're adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. We will consider a range of experience for this role and the offer will be commensurate with that.

The Company

Munich Re US (MR US) offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

We address the key challenges of the future - that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow's world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients' needs, creating opportunities to achieve sustained profitable growth.

The Opportunity
Future focused and always one step ahead
The Contract Writer will, under limited supervision, review and/or draft accurate and timely reinsurance contract wordings that meet Munich Re group and local internal policies, procedures and industry standards. They will also ensure wordings are fully executed according to time frames set by Munich Re US (MRUS) and collaborate with the Claims Department, including a 6-month job rotation within first two years of employment.

Responsibilities include:

• Under limited supervision, review, analyze and draft reinsurance contract documentation for all lines of reinsurance business, and prepare ancillary documents as required, including letters of intent, special endorsements, etc., escalating to the Unit Manager or relevant authority as appropriate.
• Participate in the creation of alternative wordings to simultaneously meet client needs and comply with General Underwriting Guidelines and market standard wordings.
• Peer review and audit reinsurance contract wordings to ensure accuracy and adherence to unit quality assurance procedures.
• Consistently adhere to MRAm individual performance, productivity and customer (internal and external) satisfaction targets.
• Oversee diary process, ensure wordings are fully executed within approved time frames and document receipt.
• Provide consultative guidance to Client Managers and Underwriters on the potential structure of non-routine contracts and endorsements.
• Monitor industry changes and trends and collaborate with Claims Department in order to obtain optimal contract clauses, as well as MRM/MRAm contract policy changes.
• Conduct research or participate in special projects as assigned.

Qualifications

• Juris Doctor from an accredited law school
• Prior legal experience required
• 1+ year of contract drafting and/or review experience preferred
• Knowledge and understanding of reinsurance principles and documents a plus
• Knowledge and understanding of reinsurance contract clauses and variations a plus
• Coordinate with Underwriting and Client Management in order to proactively identify potential contract wording issues and effectively use problem solving and sound business judgment to resolve those issues in compliance with contract wording policies and procedures
• Interested in working with other functions to advance digital and data technology (software, analytics) utilized by the department
• Knowledge of underwriting and claims principles a plus
• Excellent communication (written and verbal), interpersonal and networking skills at all levels of organizations
• Strong negotiation skills
• Proficient in the following Microsoft Office tools including Outlook, Word, PowerPoint and Excel
• Able to work independently as well as in a team environment
• Able to manage time effectively, meet deadlines and budget targets

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.