Reinsurance Contracts Analyst

Job description

Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London.

OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth. OdysseyRe is rated A+ (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.

Reinsurance Contract Analyst Job Summary

Odyssey Re is seeking an experienced treaty contract analyst to provide expert feedback and document management of contracts to treaty underwriters in our U.S. Property, Casualty, Surety and A&H treaty units; with an advisory role to Canadian underwriters. This individual will report to a Contracts Department manager and interact with a diverse group of internal and external personnel including U.S. and Canadian treaty underwriters, Legal, Claims and reinsurance brokers.

Duties and Responsibilities

Analyze U.S. treaty reinsurance contracts for feedback to underwriters regarding consistency of contract with written underwriter intent / agreed upon terms and conditions; occasional advisory role to Canadian underwriters. Highlight non-standard clause construction and noting material year-over-year changes. Assist in internal and external contracts administration. Maintain appropriate workflow standards to meet necessary deadlines.

Facilitate Canadian OSFI compliance and administration. Provide occasional assistance on facultative cert wording issues. Provide occasional feedback on emerging contractual issues.

Minimum Qualifications

Reinsurance treaty contracts analysis experience either as a contract analyst or as a treaty underwriter. Excellent technical skills in reinsurance contract structures and coverages. Good knowledge of reinsurance operations and industry practices. Superior organizational skills and proven ability to work independently. Self-motivated with ability to set high personal standards and meet them. Excellent oral, written and interpersonal communication skills.

Must possess ability to express ideas effectively and produce well organized written documents. Ability and willingness to work with others in a positive, effective and efficient manner to accomplish team goals and objectives. Bachelors of Arts or Bachelors of Sciences degree from an accredited college or university.

Potential Additional Qualifications

Experience as a contracts paralegal. Juris doctor (JD) degree. Professional insurance / reinsurance designations, such as CPCU or ARe. We are an E-Verify employer - all hired positions require successfully passing an E-Verify Check. Navigate the links below to learn more about careers at OdysseyRe. Life At OdysseyRe Workplace Initiatives A Rewarding Workplace Follow us on LinkedIn for company highlights