Contract Analyst - Reinsurance Contract Services
MMC

Job Info

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Guy Carpenter is seeking candidates for the following position based in the Edina, MN or Philadelphia, PA office:

Contract Analyst - Reinsurance Contract Services

What can you expect?

• As the primary colleague accountable to Broking for contractual documentation for client accounts assigned, you will be expected to develop and apply increasingly expanding knowledge of basic reinsurance concepts and solid language writing skills to each contract/program assigned, under regular supervision.
• You will be responsible for delivering consistently accurate and timely contract documentation to internal and external parties.
• You will have direct responsibility for managing your own workload and deadlines with Brokers and others to ensure expectations are met on assigned accounts.
• You will perform all contract drafting and document management responsibilities for assigned accounts, all within published guidelines and with supervisory guidance as needed.
• You will be viewed as a partner to the placement process and expected to be available to support those activities when needed, as reasonable.

What is in it for you?

• A company with a strong Brand and strong results to match
• Culture of internal mobility, collaboration and valued partnership with HR from the business
• Competitive pay, full benefits package - starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND automatic contribution
• Generous Parental Leave and Tuition Reimbursement plan per year and participation in our Employee Stock Purchase Plan
• Generous paid time off for vacation, sick, company holidays and time to give back to your community
• Employee Resource Groups, which provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations

We will count on you to:

Contract Support

• Under regular supervision, perform all or some of the following core job functions:
• Management of assigned client base for all aspects of reinsurance contracts.
• Interpret and assess contracts and perform quality assurance review to ensure contract wording reflects intent of reinsurance negotiations.
• Input contract status data on the electronic document tracking system.
• Utilize CSS Dashboard and/other legacy tracking tools to manage contract performance.
• Promote, build and maintain relationships with Brokers, Clients and Markets.

Continuous Learning

• Participate in team meetings and activities to share opinions, ideas, knowledge and solutions, appropriate to skill level; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes. Seek opportunities to increase own understanding and improve the services provided.
• Gain broad understanding of the environment in which the client operates and the marketplace in which the transactions that Guy Carpenter handles take place.

Compliance and Regulatory Review

• Understand all published procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Guy Carpenter.
• Demonstrate understanding of and appreciation for the way in which own actions/inactions protect or subject GC to potential errors & omissions.

Other

• Support team by maintaining Colleagues' workloads in their absence.
• Support Brokers by assisting with contract-related inquiries from Clients and/or Markets as requested and with assistance and guidance as necessary

What you need to have:

• Bachelor's Degree
• 1-3 years related experience in insurance/reinsurance industry.
• Knowledge of contract law, contract provisions, reinsurance concepts and principles, basic regulatory controls and general business trends.
• Proficiency in Microsoft Office Applications (Word, Excel, PowerPoint) required.
• Demonstrated ability to work as part of a high performance team. Attention to detail in completing assigned tasks.
• Positive attitude, willingness to offer and execute ideas and solutions to enhance processes within a changing environment.
• Successful management of workload; able to manage expectations of all Clients and Stakeholders, under regular supervision.
• Able to challenge appropriately, supporting business cases with facts and information.
• Understanding of project management methodology, stakeholder management, and risk mitigation.
• Able to engage, influence and negotiate with Clients, Markets and Colleagues in a professional manner, with guidance as needed.
• Strong communication and negotiation skills, both written and verbal, delivering clear and concise messages and at all times promoting and enhancing the Guy Carpenter brand.
• Strong ability to quickly assess and offer effective solutions to problems efficiently. Ability to make sound judgments, with guidance as required, while knowing when to bring situations to the attention of Management.
• Consistently deliver superior Client service.

What makes you stand out:

• Will be encouraged to begin the Associate in Reinsurance (ARe) designation.
• Exposure to a corporate environment preferred for entry into this role

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people. The company's 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter

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 TANA@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.

#BSS #reinsurance

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