Reinsurance Contract Wordings Specialist - Hamilton, Bermuda
Management and review of all reinsurance related documentation, including ensuring contracts reflect the intent of negotiations, performing KYC and sanctions checks and licensing reviews. As necessary, assist the Corporate Secretary.
##Review all documentation relating to the company's reinsurance business (binders, slips, contracts, I&L Agreements, trust agreements, LOCs, and NDA's) against ART requirements. ~crlf~##Raise potential issues as appropriate and negotiate resolution with brokers/counterparties.~crlf~##Perform quality assurance review of contracts to ensure contract wording reflects intent of the negotiations. ~crlf~##Consider International Licensing issues.~crlf~##Conduct KYC reviews of counterparties. ~crlf~##Consider sanctions issues and obtain consent, as necessary, from AGCS compliance.~crlf~##Consider and provide guidance to stakeholders on compliance with GDPR and PIPA.~crlf~##Promote and maintain relationships with brokers and key business partners including participating in regular conference calls/meetings with key clients to obtain feedback on outstanding contract issues.~crlf~##Compile library of approved wordings (e.g., ART required reinsurance clauses, sample contracts, NDAs, etc.).~crlf~##Scheduling of meetings, preparing board packages, and reviewing minutes. ~crlf~~crlf~
##3+ years of Reinsurance/Insurance contract review experience, with a good business background;~crlf~##Knowledge of reinsurance contract documentation, reinsurance concepts, and basic regulatory issues;~crlf~##Knowledge of US Credit for Reinsurance rules;~crlf~##Proficiency with Microsoft Office Suite;~crlf~##Excellent communication and organization skills;~crlf~##Strong attention to detail; and~crlf~##University degree preferred.~crlf~~crlf~
Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 85 million private and corporate customers and more than 142,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).
Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~
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Sang Hun, Allianz SE Reinsurance