Contract Drafter
Minneapolis, Minnesota, United States of America
Human Resources
2500VQ
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Philadelphia, New York City, Chicago
Business unit
Lockton RE
Salary
$115,000-$135,000
Schedule
Full-time
Lockton Benefits Offerings
Click Here
Workplace
In Office
Your 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.
Qualifications
- 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
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 12,500+ Associates doing business in over 140 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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