Crum & Forster logo
Crum & Forster

Crum & Forster, part of Fairfax Financial Holdings Limited, is an admitted property and casualty insurance company that's been A-rated by A.M. Best. As an emplo

Program Reinsurance Contracting Manager

Location

New Jersey

Posted

110 days ago

Salary

$82.5K - $155.1K / year

Seniority

Lead

Bachelor Degree8 yrs expEnglish

Job Description

Program Reinsurance Contracting Manager

Crum & Forster

• Manage various aspects of contracting through use of legal team’s systems and templates, integration with underwriting and accounting and contract review negotiations with external parties • Independently draft and review external reinsurance treaties and provide input on related program agreements, based on pre-defined templates, protocols, underwriting input and industry knowledge. • Negotiate, in collaboration with underwriting, the reinsurance contract language supporting business terms with internal/external partners, and coordinate discussions with related parties to drive the contract delivery process • Advise and respond to contract questions or issues by coordinating with Legal support staff and Underwriters during divisional contract pipeline approval and signature workflows. • Manage queue of open reinsurance contracts; advise and coordinate follow-up and system status update tasks with Legal and Business Unit team members to drive contracting lifecycle timelines and create meaningful prioritization, tracking and status reporting data. • Review supplemental MS Excel reporting, contract system reporting and metric dashboards to assist in the evaluation of the contract management process

Job Requirements

  • Bachelor’s degree - insurance or reinsurance designation (e.g. CPCU, ARe, ARA) a plus.
  • 8+ years in the reinsurance field and/or the program insurance industry with duties involving Reinsurance transactions or contracts.
  • Demonstrated industry knowledge and contacts in at least one reinsurance contract segment such as Assumed Fronting, International, Managed Care, Captive or Program contracting.
  • Demonstrated understanding of multi-party contractual agreement types and uses.
  • Demonstrated understanding of reinsurance terminology impacting profit & loss management.
  • Experience in developing automated workflows, based upon rules-based technology protocols a plus
  • Ability to utilize Microsoft Office (Word, Excel, Outlook, PowerPoint) and other similar software

Benefits

  • Competitive compensation package
  • Generous 401K employer match
  • Employee Stock Purchase plan with employer matching
  • Generous Paid Time Off
  • Excellent benefits that go beyond health, dental & vision.
  • A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
  • A dynamic, ambitious, fun and exciting work environment
  • Corporate giving program that lets you participate and support your community

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