Reinsurance Counsel
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This opportunity is in the Legal Department.
Working actively with executive and senior leadership teams, our Legal department assists in achieving the company’s goals by not only partnering with the business, but also managing corporate liability and compliance. Employees within the department work on various legal and business-related issues daily. As a group of forward-thinking individuals, our progress and success rely heavily on prioritizing the use of technology and innovation as well as fostering a supportive team environment.
Role Description:
In the role of Reinsurance Contracts Counsel, you will work under the direction of the Assistant Vice President & Senior Counsel to provide legal guidance related to assumed and ceded reinsurance contracts, coverages and legal issues by leveraging demonstrated ability for sound business judgment while supporting a growing reinsurance organization in these areas.
Your day-to-day responsibilities as Reinsurance Contracts Counsel will include:
- Reviewing all contracts for new and renewal assumed reinsurance transactions, including multiple iterations from initial draft to firm order terms/final contract
- Advising underwriters and decision makers on material terms of each reinsurance agreement, including coverage, data and other material provisions
- Reviewing all non-disclosure agreements (NDAs), addenda and endorsements for assumed reinsurance business
- Responsible for and ensuring consistency across clauses, contracts, including standardized contract wordings that are required by the company. Must be able to maintain a consistency of approach by program, line of business, treaty and/or broker
- In conjunction with the General Counsel, you will serve as a resource to the Ceded Reinsurance Department and will provide contractual review of the Company’s ceded reinsurance agreements
The ideal candidate is:
- Attorney with primary responsibility for identifying confidentiality and privacy requirements, including GDPR, CCPA and other privacy-related laws and provisions, across all reinsurance agreements
- Fluent in translating legal advice into actionable guidance for business teams
- Sharp analytical and communication skills, and a diligent, proactive and collaborative approach having shown balanced legal and business judgment and strategic thinking
- Ability to prioritize high-volume workload and manage several large projects simultaneously with minimal supervision
Qualifications:
Education:
- Must have a J.D. from an accredited law school
Required Qualifications:
- 7+ years minimum of casualty and/or professional lines reinsurance contractual experience
- Must be currently licensed to practice law in at least one state
- Proficiency in the use of Microsoft Office
- Ability to work independently on complex tasks with a proven record of producing excellent work product
- Demonstrated understanding of the reinsurance insurance industry and reinsurance operations
If this role describes you, apply today!
Remote employment is available.
Safety National is committed to fair, transparent pay and we strive to provide competitive, market-based compensation. In our vision to be First with Co-Workers, compensation is only one piece of the comprehensive total rewards package we offer. The target salary range for this position is $108,000 to $174,000. It is anticipated that most qualified candidates will fall near the middle of this range. Compensation for the successful candidate will consider the candidate’s particular combination of knowledge, skills, competencies, and experience.
Safety National is a leading specialty insurance and reinsurance provider. Our culture is built upon relationships, which allow us to demonstrate our expertise gained through our rich 80-year history. As a wholly-owned subsidiary of Tokio Marine, Inc., we appreciate the benefits and support provided by our affiliation with one of the top 10 insurance companies in the world.
A Benefits Structure That Puts Employees First
Safety National’s approach to benefits reaches far beyond competitive fixed compensation. Instead, we construct a total rewards benefits package for each valued member of our team. Highlights include incentive award bonuses, an annual holiday bonus, and profit-sharing contributions. Other exceptional benefits include generous healthcare coverage, a 401(k) match, enhanced paid caregiver leave, and family-forming benefits for adoption, surrogacy, and fertility. We also promote balance by offering a hybrid working environment and several employee appreciation events throughout the year. Apply today to learn more about our total rewards approach.
