Insurance Contract Specialist

Position: Insurance Contract Specialist Location: Wall Street Plaza; 88 Pine St., 6th Floor New York, NY Job Id: 6223 # of Openings: 0

At Amwins Global Risks, we succeed together. We’re not ‘just another London broker’ placing risks and signing contracts. We’re forging relationships that are built to last. With over 700 employees around the world and a global footprint across more than 150 countries, we’ve cemented our place as a top 10 contributor to Lloyd’s.

Insurance is a relationship-based business, and achieving success means hiring the best talent in the industry. When you join us, we will encourage and support your professional and personal development as we invest in you and your learning to help you succeed and grow.

We believe in a flat organizational structure that prizes expertise and relationships equally. We’ve built a workplace where talent, collaboration and inclusivity are valued, and our commitment to diversity, equity and inclusion helps cultivate an open, welcoming workplace where everyone who works with us can be themselves.

Key Responsibilities

• Stakeholder Liaison: Liaising with Account Executives, Brokers, and other stakeholders to assess requirements and broking strategy for any particular contract.
• Contract Preparation: Assisting in the preparation of new/renewal business contracts and other documentation and materials for clients and markets.
• Managerial Support: Assisting Operations and Development Managers and Account Handlers in duties as required.
• Dashboard Management: Overseeing the compilation and management of the Dashboard regarding contracts and other documentation relating to programs.
• Troubleshooting: Troubleshooting issues related to contracts and other documentation and helping find and implement solutions.
• Team Integration: Forming an integral part of the Amwins Re (Specialty) team and ensuring product and business area knowledge is current and continually updated.
• Relationship Management: Developing and maintaining effective relationships with all Amwins support functions, including Legal, Compliance, Processing, Claims, Credit Control, Finance, Systems, and others, providing guidance as required.
• Contract Knowledge: Possessing excellent knowledge of contracts relating to the programs and how they apply to all intermediary servicing matters.
• Confidentiality: Always maintaining client confidentiality.
• Compliance Training: Undertaking and completing all FCA and compliance training as deemed appropriate by divisional management.
• Promotion: Actively promoting AGRL within and outside the firm at all opportunities.
• Procedural Reporting: Reporting procedural irregularities immediately and assisting in management as required.
  
  

Key Knowledge Requirements

• Legal and Contractual Knowledge: Excellent knowledge of the legal and contractual aspects of USA Property and Casualty Reinsurance.
• Program Knowledge: In-depth knowledge of all programs.
• Market Practices: In-depth knowledge of market practices and procedures.
• Regulatory Understanding: Understanding of regulatory requirements in the territories concerned and related regulatory aspects.
• Reinsurance Knowledge: Good knowledge of general reinsurance, its processes and procedures, and underlying legal principles.
• Regulatory Rules: Knowledge and understanding of NAIC Model Intermediary Act and other regulatory rules and guidelines.
  
  

Snapshot of what Amwins provides to our valued team members:

• Pursuant to state regulation, the compensation range for this position is $100,000 to $108,000, and includes eligibility for performance-based bonuses
• Broad benefits package available
• Most benefits available first day of employment
• Medical, Dental, Vision, Life, etc
• Paternal Leave, Adoption Assistance, Travel Reimbursement for healthcare, Retail Discount Program, Scholarships for dependents of Amwins employees, etc.
• Generous Paid Time Off and Company Holiday Schedule
• Collaborative, continuing education focused work environment
• Career advancement opportunities
  

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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