Program Reinsurance Contracting Manager - Eatontown, NJ or Remote

Crum & Forster Company Overview

Since 2000, Crum & Forster’s Accident & Health division (A&H) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support.

In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&H works on an international basis through various partnerships.Our global capabilities provide our partners with even broader flexibility in underwriting solutions.

The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.

Job Description

Information about the Role, Line of Business and Team:

The A&H Legal Department is responsible for the various legal functions of Crum & Forster’s Accident & Health division, including contract strategy, development, negotiation and tracking, litigation management, and any other miscellaneous legal support to the various disciplines.

This position supports A&H Business Units for reinsurance segments as assigned by VP, Program Reinsurance Contracting (WORKING TITLE: VP) by developing reinsurance contract templates, drafting case contracts, negotiating with external parties, and implementation. It interacts directly with the legal team and Business Unit underwriters, holding authority in contract development and review for assigned reinsurance segments. Additionally, this position assists the VP, Legal Operations Manager, and IT and Strategy & Innovation teams in reviewing current contract specifications in the contract system and underwriting workflow to enhance functionality, promoting the ability to complete more contracts with the same resources, achieving "scale". This position will also collaborate with the VP and A&H division teams on special projects related to program underwriting, contracting and implementation in developing optimization tools for assigned reinsurance segments.

What you will do:

For each reinsurance segment as assigned by VP, manage various aspects of contracting through use of legal team’s systems and templates, integration with underwriting and accounting and contract review negotiations with external parties, as follows:

• Accept reinsurance contract requests from underwriters and work with the underwriters or VP to review for accuracy of reinsurance contract request specifications.
• Independently draft and review external reinsurance treaties and provide input on related program agreements, based on pre-defined templates, protocols, underwriting input and industry knowledge.
• Negotiate, in collaboration with underwriting, the reinsurance contract language supporting business terms with internal/external partners, and coordinate discussions with related parties to drive the contract delivery process, bringing in VP when necessary.
• Advise and respond to contract questions or issues by coordinating with Legal support staff and Underwriters during divisional contract pipeline approval and signature workflows.
• Manage queue of open reinsurance contracts; advise and coordinate follow-up and system status update tasks with Legal and Business Unit team members to drive contracting lifecycle timelines and create meaningful prioritization, tracking and status reporting data.
• Review supplemental MS Excel reporting, contract system reporting and metric dashboards to: 1.) assist in the evaluation of the contract management process; 2.) identify and address inconsistencies and/or errors of data; and 3.) identify trends or report risk details to the A&H organization.
• Work with the VP to develop updated training/user manuals to ensure users of contract systems follow consistent protocols and specification; assist in training and communications on integration strategies with Business Units and Shared Services.
• Work with the members of Legal and Regulatory teams and auditors as necessary to ensure consistent application of regulatory and accounting protocols to properly negotiate, associate and align related program contracts and system Program Summaries by identifying parent – child contract relationships by pre-defined contract types and sub-types.
• Partner with Legal team and the A&H Strategy & Innovation team to develop rules-based dynamic protocols, to apply on bulk basis without the need to update each contract individually to promote scaling of contracting.
• Partner with the Legal team, Business Units and the A&H Strategy and Innovation team on enhancements to quote and contract structure, templates and tools for integration of program contracting with underwriting and finance systems to promote risk mitigation, speed in implementation, renewal persistency and scale across the A&H Division.
• Other duties as assigned

What YOU will bring to C&F:

• Strong oral and written communication skills
• High level of follow-through and dedication to detail and timely delivery
• Strong organizational business process integration skills
• Ability to interpret and respond to VP identified strategies and A&H Leadership divisional initiatives
• Ability to handle volume for assigned Reinsurance Contracting segment to drive timelines from start to finish and manage prioritization, resource and scalability.

Requirements:

• Bachelor’s degree - insurance or reinsurance designation (e.g. CPCU, ARe, ARA) a plus.
• 8+ years in the reinsurance field and/or the program insurance industry with duties involving Reinsurance transactions or contracts.
• Demonstrated industry knowledge and contacts in at least one reinsurance contract segment such as Assumed Fronting, International, Managed Care, Captive or Program contracting.
• Demonstrated understanding of multi-party contractual agreement types and uses.
• Demonstrated understanding of reinsurance terminology impacting profit & loss management.
• Experience in developing automated workflows, based upon rules-based technology protocols a plus
• Ability to utilize Microsoft Office (Word, Excel, Outlook, PowerPoint) and other similar software

What C&F will bring to you

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
• A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community

At C&F you will BELONG

If you require special accommodations, please let us know. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodations, please let us know. Belonging at C&F, is a mindset. It’s about fostering a culture of inclusion and connection, where everyone feels valued, heard, and empowered to thrive and where our social impact efforts help strengthen the communities where we live and work.

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Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $82,500.00 to a maximum of $155,100.00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.