Reinsurance Contracts - Vice President

BMS is an innovative independent specialist that provides comprehensive solutions for reinsurance, wholesale and direct insurance. We are reshaping Reinsurance through BMS Re by aligning our interests with our clients and enhancing their success by delivering solutions and advice that serve their unique needs. For more information on BMS, visit us at https://www.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 team member accountable to Broking for contractual documentation for client accounts assigned, expected to apply reinsurance concepts and solid language writing skills to each contract/program assigned, including some peer reviewing responsibilities. Responsible for delivering consistently accurate and timely contract documentation, and managing own workload and deadlines with Brokers to ensure expectations are met on assigned accounts. Perform all contract drafting and document management responsibilities within published guidelines and with leadership 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 Leader for review and approval;
• Occasionally perform peer review of contracts;
• 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:

• A minimum of eight (8) years’ experience working on reinsurance wording in a US/London market environment;
• BA or BS degree from an accredited college or university or equivalent experience;
• Working knowledge of standard market wordings and the ability to identify and resolve potential technical issues;
• Excellent writing ability;
• Strong attention to detail;
• Ability to work well under pressure and deadlines;
• Excellent written and verbal communication skills;
• Working knowledge of Microsoft Office suite of products;
• Self-motivated and proactive;
• Organized with ability to prioritize;
• Strong analytical ability

What’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 dependents
• vision, short-and long-term disability and life insurance options
• 401(k) with company match
• employer funded health saving accounts
• business travel accident insurance
• identity theft and legal services
• fitness and wellness reimbursement
• generous leave policies, including parental leave
• paid 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.

Salary : $90,000 - $170,000