Remote Position

[Remote] Program Reinsurance Contract Analyst

🌍 Remote Β· United States πŸ’Ό Full-time

Note: The job is a remote job and is open to candidates in USA. MS Transverse is a global program insurance company and subsidiary of MSIG USA that provides insurance services to MGAs, program administrators, and general agents. The Program Reinsurance Contract Analyst will independently review, draft, negotiate, and interpret complex reinsurance contracts while ensuring regulatory compliance and serving as a subject matter expert for brokers and reinsurers. The role also supports cross-functional contract development, mentors team members, and contributes to reinsurance wording best practices.

Responsibilities

  • Independently review/edit/create/interpret complex and non-standard reinsurance contracts to accurately memorialize negotiated reinsurance placement terms, including facultative, treaty, and retrocessional arrangements
  • Deep, expert-level knowledge of standard and bespoke market wordings, with the ability to identify, resolve, and advise on complex technical and coverage issues
  • Act as the primary escalation point and subject matter expert between MS Transverse and Brokers/Reinsurers for questions/inquiries associated with contract wording for programs they are responsible for
  • Draft and negotiate related contract documents, including amendments, and other supporting agreements, often with minimal oversight
  • Ensure contract language complies with applicable regulatory and statutory requirements across admitted and non-admitted lines, and advise leadership on emerging regulatory and reinsurance wording trends and considerations
  • Collaborate cross-functionally with Legal, Compliance, and Product teams to support contract development and risk management initiatives
  • Mentor and provide technical guidance to other ceded reinsurance team members, by reviewing the reinsurance contracts and explaining complex reinsurance terms and conditions
  • Contribute to the development of department best practices, templates, and standard contract wording libraries
  • Assist in additional projects as assigned

Skills

  • Bachelor's Degree (job-related majors/fields of study a plus)
  • Fifteen + years progressive experience working on reinsurance wording in a US/London market environment, including treaty, facultative and ILS Side Car placements
  • Extensive, expert-level knowledge of reinsurance placements, terms & conditions, including statutory and reinsurance accounting implications
  • Technical and/or analytic experience that can be adapted to current technologies
  • Strong verbal and written communication skills
  • Analytical, decision making, problem resolution and organizational skills
  • Demonstrated track record leading complex, high-value contract negotiations and mentoring or managing junior team members
  • ARe or CPCU strongly preferred
  • Advanced degrees, Juris Doctor/job-related designations preferred

Benefits

  • Excellent industry leading benefits package
  • Progressive work environment that parses both virtual and office environments
  • Healthcare and Retirement Benefits
  • Comprehensive medical, dental, and vision coverage
  • 401(k) with a generous employer match and profit-sharing contribution
  • Wellness incentive program
  • Life and accidental death and dismemberment (AD&D) insurance
  • Flexible spending programs
  • Short-term and long-term disability plans
  • Paid time off program
  • Paid charitable leave
  • Paid parental leave
  • Tuition reimbursement program
  • Personal insurance (auto/homeowners) discounts
  • Ability to build their own brand as they build MS Transverse’s brand
  • Direct interaction with, and visibility to, all the senior leadership of the firm.

Company Overview

  • MS Transverse is a subsidiary of MSIG North America and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world. It was founded in 2018, and is headquartered in Warren, New Jersey, USA, with a workforce of 51-200 employees. Its website is https://transverseinsurance.com.
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