Contract Wording Analyst

Everest National Insurance Company Philadelphia , PA 19107

Posted 2 weeks ago

Title:

Contract Wording Analyst

Company:

Everest Global Services, Inc.

Job Category:

Law

Job Description:

It's an exciting time for Everest Re Group, Ltd. ("Everest")! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Bermuda, Canada, Europe, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

  • Generous tuition/continuing education reimbursement

  • Mentoring opportunities

  • Flexible work arrangements

  • Talent development initiatives

  • Networking groups

Everest is a growth company with $10.5 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.

Our financial strength is evident in Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody's Investor Service. We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble, entrepreneurial, and responsive.

Although we are currently in the North American market, we see great opportunity to expand our markets. To support this, we are currently looking for a Contract Wording Analyst, to join the Reinsurance Contract Wording department.

The successful candidate will provide legal and contract wording support to the Group's Reinsurance Division within a dynamic, fast-paced, business environment. The position is ideal for anyone who wishes to take the next step in a non-traditional legal career within an intellectually challenging field.

Possessing excellent communication and analytical skills, the successful candidate must already possess an intermediate to high level of experience both as a technical subject matter specialist and general business advisor.

Responsibilities include but are not limited to:

  • Review and analyze the terms of reinsurance agreements and other ancillary documents, verify agreed-upon terms, ensure that mandatory clauses are incorporated, revise or amend contracts, correspond with internal stakeholders, brokers and others as needed.

  • Draft contracts and ancillary agreements including, but not limited to, trusts, confidentiality agreements and indemnification and hold harmless agreements.

  • Advise on related areas of legal, regulatory and business issues with respect to Everest's domestic and international reinsurance business including advice with respect to(re)insurance laws and regulations that may impact the review of reinsurance contracts.

  • Work with various other Everest departments in support of the Reinsurance Division (i.e., Underwriting, Claims, Law) as needed.

  • Provide support with other legal and/or contractual matters or special projects as needed.

Qualifications, Education and Experience:

  • A J.D. (Juris Doctor) degree strongly preferred, but not required for any candidate with substantial prior experience reviewing/ drafting (re)insurance contracts/ policies. Experience within a law firm and/or corporate legal department is a plus, but not required.

  • At least two years' experience in reviewing and/or drafting reinsurance contracts and ancillary documents is required.

Knowledge, Skills and Competencies:

  • Highly organized, analytical, and business-solution-oriented attitude toward legal / contract issues.

  • Strong written and oral communication skills with the ability to communicate at all levels of the organization.

  • Must be able to approach complex contractual issues with business sense and the spirit of entrepreneurialism.

  • Self-motivated with an ability to work well under pressure and manage multiple projects/priorities in a fast-paced environment.

  • Quantitative skills, and a basic understanding of insurance, reinsurance, or finance is a plus.

  • Fluency in German, Spanish or French is a plus.

COVID-19 Vaccine Mandate for US Employees Only:

Everest requires all individuals hired into this position to be fully vaccinated and provide proof of vaccination prior to commencement of employment, unless the Company has granted an exemption.

#LI-Hybrid

Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

New York, NY, Philadelphia, PA, Stamford, CT

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Talent Acquisition at 1-908-604-3000.

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Contract Wording Analyst

Everest National Insurance Company