BMS Group Ltd
Reinsurance Contract Drafter - Analyst
BMS Group Ltd, Edina, Minnesota, United States,
About BMS
BMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.
As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.
For more information on BMS and BMS Re, visit us online at bmsgroup.com or follow us on LinkedIn and Twitter.
Find out what it's like to work at BMS Re by clicking here
Position Overview:
As the primary individual accountable to Broking for contractual documentation for client accounts assigned, expected to develop and apply increasingly expanding knowledge of basic reinsurance concepts and solid language writing skills to each contract/program assigned, under regular supervision. Responsible for delivering consistently accurate and timely contract documentation to internal and external parties. Has direct responsibility for managing own workload and deadlines with Brokers and others to ensure expectations are met on assigned accounts. Performs all contract drafting and document management responsibilities for assigned accounts, all within published guidelines and with supervisory guidance as needed. Viewed as a partner to the placement process and expected to be available to support those activities when needed, as reasonable.
Essential Responsibilities:Create, edit and analyze contract provisions, which accurately memorialize negotiated reinsurance placement terms;Submit written documents to Contract Wording Manager and/or Team Manager for review and approval;Work closely with broker teams throughout the placement process, and assist in finding creative reinsurance solutions, while optimizing the wording for the client;Document broker/client/market conversations in accordance with BMS professional standard guidelines;Interact with clients and reinsurance markets, as needed, to assist in the wording negotiations;Proofread documentation to ensure accuracy;Perform other duties, as assigned.Required Education, Experience and Skills:
BA or BS degree from an accredited college or university or equivalent experienceExcellent writing abilityStrong attention to detailAbility to work well under pressure and deadlinesExcellent written and verbal communication skillsWorking knowledge of Microsoft Office suite of productsSelf-motivated and proactiveOrganized with ability to prioritizeStrong analytical abilityWhat's in it for me?
This role offers a competitive salary and exceptional benefits, including the following offerings:
comprehensive medical and dental plan options for you and your dependentsvision, short-and long-term disability and life insurance options401(k) with company matchemployer funded health saving accountsbusiness travel accident insuranceidentity theft and legal servicesfitness and wellness reimbursementgenerous leave policies, including parental leavepaid holidays, volunteer days and your birthday off!opportunity to purchase equity
The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.
Employment Practices
BMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to 'building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.' As such, we have created our 'BMS Together' program, with dedicated training, collaborative committees and intentional partnerships.
BMS offers flexible and hybrid working policies and we're happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
BMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.
As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.
For more information on BMS and BMS Re, visit us online at bmsgroup.com or follow us on LinkedIn and Twitter.
Find out what it's like to work at BMS Re by clicking here
Position Overview:
As the primary individual accountable to Broking for contractual documentation for client accounts assigned, expected to develop and apply increasingly expanding knowledge of basic reinsurance concepts and solid language writing skills to each contract/program assigned, under regular supervision. Responsible for delivering consistently accurate and timely contract documentation to internal and external parties. Has direct responsibility for managing own workload and deadlines with Brokers and others to ensure expectations are met on assigned accounts. Performs all contract drafting and document management responsibilities for assigned accounts, all within published guidelines and with supervisory guidance as needed. Viewed as a partner to the placement process and expected to be available to support those activities when needed, as reasonable.
Essential Responsibilities:Create, edit and analyze contract provisions, which accurately memorialize negotiated reinsurance placement terms;Submit written documents to Contract Wording Manager and/or Team Manager for review and approval;Work closely with broker teams throughout the placement process, and assist in finding creative reinsurance solutions, while optimizing the wording for the client;Document broker/client/market conversations in accordance with BMS professional standard guidelines;Interact with clients and reinsurance markets, as needed, to assist in the wording negotiations;Proofread documentation to ensure accuracy;Perform other duties, as assigned.Required Education, Experience and Skills:
BA or BS degree from an accredited college or university or equivalent experienceExcellent writing abilityStrong attention to detailAbility to work well under pressure and deadlinesExcellent written and verbal communication skillsWorking knowledge of Microsoft Office suite of productsSelf-motivated and proactiveOrganized with ability to prioritizeStrong analytical abilityWhat's in it for me?
This role offers a competitive salary and exceptional benefits, including the following offerings:
comprehensive medical and dental plan options for you and your dependentsvision, short-and long-term disability and life insurance options401(k) with company matchemployer funded health saving accountsbusiness travel accident insuranceidentity theft and legal servicesfitness and wellness reimbursementgenerous leave policies, including parental leavepaid holidays, volunteer days and your birthday off!opportunity to purchase equity
The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.
Employment Practices
BMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to 'building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.' As such, we have created our 'BMS Together' program, with dedicated training, collaborative committees and intentional partnerships.
BMS offers flexible and hybrid working policies and we're happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.