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Reinsurance Contracts Counsel (hybrid - m/f/x/d - 80-100%), Munich (DE)

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Swiss Re

15d ago

  • Job
    Full-time
    Junior & Mid Level
  • Legal
  • Munich

AI generated summary

  • You must have a law degree, 2-3 years in re/insurance, solid P&C understanding, digital contracting skills, good financial acumen, and proficiency in English; Italian is a plus.
  • You will draft and critique reinsurance contracts, ensure legal compliance, collaborate in negotiations, advise on contract implications, support IT enhancements, and develop training materials.

Requirements

  • University degree in law and further professional legal qualifications
  • 2-3 years' experience in re/insurance as a lawyer/attorney or related experience such as contract/policy specialist or claims handling role would be beneficial
  • Solid understanding of P&C products and local re/insurance markets
  • Digital contracting capabilities, data analytical capabilities are a plus
  • Good financial and business acumen
  • Experience in project management, or participation in project teams is a plus
  • Proficiency in verbal and written English is required and additional European language, preferably Italian, would be beneficial

Responsibilities

  • Apply your re-/insurance experience and legal skills to the development of our reinsurance contracts
  • Independently draft and critique reinsurance contracts and related documents to align written agreements with business intent and corporate requirements
  • Align Swiss Re's reinsurance contracts with applicable law, regulations and internal requirements
  • Coordinate, communicate and participate in development of corporate policies on contract related matters
  • Collaborate with internal partners in contract negotiations, including discussions with external clients and brokers
  • Act as expert technical advisor, providing guidance to various corporate functions regarding contract interpretation, implications of contract language and standard methodologies
  • Contribute to our technology transformation journey by supporting the enhancement of our contract management IT infrastructure working closely with and developing tools
  • Support the development of training materials and deliver training
  • Maintain strong governance risk and control standards with respect to contract wordings and processes

FAQs

What is the job title for this position?

The job title is Reinsurance Contracts Counsel.

Where is this position located?

This position is located in Munich, Germany.

What are the working hours for this role?

The role offers a hybrid working model at 80-100% capacity.

What are the primary responsibilities of the Reinsurance Contracts Counsel?

The primary responsibilities include drafting and reviewing reinsurance contract wordings, advising on reinsurance contract-related matters, negotiating and finalizing contract terms with clients, and coordinating corporate policies on contract matters.

What qualifications are required for this position?

A university degree in law and further professional legal qualifications are required, along with 2-3 years of experience in re/insurance or related fields.

Is previous experience in a specific area of law necessary?

Yes, experience in re/insurance, including roles such as a lawyer/attorney, contract/policy specialist, or claims handling is beneficial.

What skills are valuable for this role?

Valuable skills include solid analytical abilities, critical thinking, strong written and verbal communication skills, and the ability to engage with internal partners and clients effectively.

Do I need to speak more than one language for this job?

Proficiency in verbal and written English is required, and knowledge of an additional European language, preferably Italian, would be beneficial.

Will I have the opportunity to work on technology initiatives?

Yes, you will support the enhancement of contract management IT infrastructure and contribute to the technology transformation journey.

How large is the legal team this role will be part of?

The legal team consists of 14 professionals from various nationalities across four key locations in Europe.

Is the company committed to diversity and inclusion?

Yes, Swiss Re emphasizes building an inclusive culture that encourages diverse perspectives and innovative thinking, ensuring equal opportunities for all employees.

What should I expect during the interview process?

The interview process may involve discussions on your legal expertise, experience in contract negotiations, understanding of reinsurance, and how you align with the company's values and culture.

Are there training and development opportunities available?

Yes, you will have the opportunity to develop training materials and deliver training, which is part of your responsibilities.

What is Swiss Re's approach to sustainability?

Swiss Re aims to make the world more resilient by managing a wide variety of risks and is dedicated to sustainability, encouraging employees to bring their passion for it to work.

Swiss Re helps insurers and direct clients to shoulder risks through re/insurance and other solutions.

Finance
Industry
10,001+
Employees

Mission & Purpose

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of over 70 offices globally and is rated "AA-"​ by Standard & Poor's, "Aa3"​ by Moody's and "A+"​ by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the Main Standard on the SIX Swiss Exchange and trade under the symbol SREN. We're smarter together.