SiriusPoint

Reinsurance Contract Wordings Specialist

SiriusPoint

full-time

Posted on:

Location Type: Hybrid

Location: New York City • New York • United States

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Salary

💰 $175,000 - $200,000 per year

About the role

  • Review, draft, and negotiate inwards treaty reinsurance and retrocession contract wordings to ensure alignment with SiriusPoint's strategies and appetites.
  • Promote consistency in wordings across product lines and platforms, in conjunction with client and business segment strategies.
  • Deliver best practice and minimum standard reviews to empower underwriters, ensuring compliance with the company's risk appetite, legal, and regulatory requirements.
  • Assist in the review and drafting of outwards reinsurance and internal reinsurance contracts, and in the development of SiriusPoint standard clauses.
  • Stay updated on insurance/reinsurance rulings, legal, regulatory, and emerging issues, modifying or creating new wordings as necessary.
  • Communicate and collaborate with other business areas, including underwriting, pricing, claims, legal, finance, and compliance.
  • Investigate opportunities to enhance team workflow, contract review, and reporting capabilities.
  • Drive process improvement and innovation.
  • Develop specialized knowledge of particular lines of business or structures.
  • Maintain current knowledge of reinsurance and insurance industry issues and contract/policy wording.
  • Update standard contract templates and draft reinsurance contracts, endorsements, and agreements based on corporate standards and client clauses.
  • Analyze contract provisions, identify non-standard wording, and suggest alternatives.
  • Review market-produced reinsurance contracts against corporate standards and agreed terms.

Requirements

  • College or University degree required.
  • CPCU designation, ARe designation, or JD degree is a plus.
  • Extensive experience in contract wordings or as a qualified solicitor, preferably within a (re)insurance company, broking, or legal environment.
  • Strong analytical, critical thinking, negotiation, and interpersonal skills.
  • Ability to work independently and collaboratively, multitask, and perform in a fast-paced environment.
  • High attention to detail and excellent communication skills.
  • Proficiency in Word, Excel, SharePoint, and Outlook.
  • Knowledge of contract clauses, reinsurance, and primary insurance standards and practices.
  • Minimum of five years of experience in a Contracts Specialist, Underwriting, Legal, Claims, or similar position.
Benefits
  • Medical
  • Dental
  • Vision
  • FSA Medical and Dependent care
  • Health Savings Account (HSA)
  • EAP
  • Basic Life and AD&D (company paid)
  • Basic Long-Term Disability (employer) paid-Taxable income
  • Employee paid Long Term Disability(voluntary)
  • Company Medical Leave, Parental leave- 8 weeks full pay after 6 months of service
  • Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
  • Travel assistance programs Company paid
  • 401(k) 6 % safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
  • Gym reimbursement
  • Legal plan
  • Pet Insurance
  • Tuition reimbursement
  • Generous PTO
  • Flexible work arrangement
  • Fully stacked pantry on-site
  • Team outings
  • ERG Groups
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
contract wordingsreinsurancecontract draftingcontract analysisnegotiationcompliancerisk appetiteprocess improvementworkflow enhancementreporting capabilities
Soft Skills
analytical skillscritical thinkinginterpersonal skillscommunication skillsattention to detailcollaborationmultitaskingindependenceinnovationfast-paced performance
Certifications
CPCU designationARe designationJD degree