Reinsurance Contract Services Associate

Company:

Guy Carpenter

Description:

We are seeking a talented individual to join our team at Guy Carpenter. This role will be based in one of our offices in Philadelphia, PA; New York, NY; Edina, MN; Seattle, WA; or San Francisco, CA with consideration for other US-based locations. This is a hybrid role that has a requirement of working in the office.

This role manages the full lifecycle of reinsurance contracts, from drafting to execution, and handles inquiries from brokers and clients. It also involves providing contract analysis, mentoring colleagues, and leading projects to improve team development and efficiency.

We will 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:

• 2+ years of contract drafting management experience in reinsurance, insurance, or legal.

• 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:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

#LI-JG3

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 reasonableaccommodations@mmc.com.

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 $74,200 to $136,200.

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.