What are the responsibilities and job description for the Contract Drafter position at Lockton?
Your Responsibilities
The Contract Drafter is responsible for preparing, reviewing, and finalizing formal documentation of terms and conditions for reinsurance arrangements.
Contract Drafter responsibilities:
The Contract Drafter is responsible for preparing, reviewing, and finalizing formal documentation of terms and conditions for reinsurance arrangements.
Contract Drafter responsibilities:
- Prepares draft contracts, endorsements, and other documents for clients and markets.
- Researches regulations and other industry requirements impacting reinsurance contracts, as needed.
- Discusses contract issues with broker teams.
- Facilitates the brokers’ negotiation of contract language and liaises with clients and markets, as needed.
- Maintains contract and correspondence files, in accordance with corporate guidelines.
- Works with contracts administrative staff, brokers, reinsurers and clients to ensure timely execution of reinsurance contracts.
- Provides document review, training, and oversight for brokers.
- Documents the status and abstracts the content of contracts in the firm’s document tracking systems.
- Bachelor's degree (B.A.) from four-year college or university and experience in a contract writing department of a reinsurance broker, reinsurance underwriter, or ceding company is required.
- JD or other legal degree preferred, but not required
- Minimum 3 years reinsurance contract drafting work experience.
- Must be proficient in the Microsoft Office products.
- Experience with document management and workflow systems would be a plus.
- Ability to read, analyze, and interpret reinsurance contracts for various lines and programs is essential.
- Must understand and assimilate industry developments (such as the emergence of new lines of insurance, reinsurance structures, regulations, business processes, etc.) as they arise.
- Excellent writing skills required. Must be a skilled and an effective negotiator.
- Ability to complete continuing education requirements as needed
- Ability to attend company, department, and team meetings as required, including industry training sessions
- Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information
- Ability to efficiently organize work and manage time to meet deadlines
- Ability to work outside of normal business hours as needed
- Legally able to work in the United States