Reinsurance Contract Wordings Specialist

Who We Are

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $2.8 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.

Join Our Team  

As our Reinsurance Contract Wordings Specialist, you will provide contract wordings, advice, and guidance to support the risk appetites, aspirations and growth plans of SiriusPoint.  This includes reviewing, drafting, and negotiating contract wordings to ensure alignment with SiriusPoint's strategic objectives and appetites, promoting consistency across product lines and platforms, and delivering best practice reviews to empower underwriters and ensure compliance with the company's risk appetite, legal, and regulatory requirements.  You will report to the Associate General Counsel, Head of P&L Support within Legal & Compliance.

Your responsibilities will include:

• Review, draft, and negotiate inwards treaty reinsurance and retrocession contract wordings to ensure alignment with SiriusPoint's strategies and appetites.
• Promote consistency in wordings across product lines and platforms, in conjunction with client and business segment strategies.
• Deliver best practice and minimum standard reviews to empower underwriters, ensuring compliance with the company's risk appetite, legal, and regulatory requirements.
• Assist in the review and drafting of outwards reinsurance and internal reinsurance contracts, and in the development of SiriusPoint standard clauses.
• Stay updated on insurance/reinsurance rulings, legal, regulatory, and emerging issues, modifying or creating new wordings as necessary.
• Communicate and collaborate with other business areas, including underwriting, pricing, claims, legal, finance, and compliance.
• Investigate opportunities to enhance team workflow, contract review, and reporting capabilities.
• Drive process improvement and innovation.
• Develop specialized knowledge of particular lines of business or structures.
• Maintain current knowledge of reinsurance and insurance industry issues and contract/policy wording.
• Update standard contract templates and draft reinsurance contracts, endorsements, and agreements based on corporate standards and client clauses.
• Analyze contract provisions, identify non-standard wording, and suggest alternatives.
• Review market-produced reinsurance contracts against corporate standards and agreed terms.

Your skills and abilities should include:

• College or University degree required.
• CPCU designation, ARe designation, or JD degree is a plus.
• Extensive experience in contract wordings or as a qualified solicitor, preferably within a (re)insurance company, broking, or legal environment.
• Strong analytical, critical thinking, negotiation, and interpersonal skills.
• Ability to work independently and collaboratively, multitask, and perform in a fast-paced environment.
• High attention to detail and excellent communication skills.
• Proficiency in Word, Excel, SharePoint, and Outlook.
• Knowledge of contract clauses, reinsurance, and primary insurance standards and practices.
• Minimum of five years of experience in a Contracts Specialist, Underwriting, Legal, Claims, or similar position.

We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. We offer a competitive and above market compensation package.  The following are some of the benefits and perks we offer our employees:

• Medical
• Dental
• Vision
• FSA Medical and Dependent care
• Health Savings Account (HSA)
• EAP
• Basic Life and AD&D (company paid)
• Basic Long-Term Disability (employer) paid-Taxable income
• Employee paid Long Term Disability(voluntary)
• Company Medical Leave, Parental leave- 8 weeks full pay after 6 months of service
• Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
• Travel assistance programs Company paid
• 401(k) 6 % safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
• Gym reimbursement
• Legal plan
• Pet Insurance
• Tuition reimbursement
• Generous PTO
• Flexible work arrangement
• Fully stacked pantry on-site
• Team outings
• ERG Groups

Our CCPA Job Applicant Policy is found here: Sirius-America-CA-Job-Applicant-Privacy-Policy-Final.pdf

United behind common goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class insurer and reinsurer utilizing deep risk capabilities to protect our customers. Blending our talent, expertise, and data to provide intelligent risk solutions.

Our culture is one of performance and accountability. Our people are our experts, and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.

Our Values are at the heart of our business, and which guide everyday actions and decision making.

• Integrity: Integrity, respect and trust are our core principles
• Customer Focused: Our customers are the reason we exist
• Solution Driven: Creating solutions is our mindset
• Diversity: Diversity, inclusion and allyship make us stronger
• Collaboration: Collaboration drives outperformance

Why Should You Join SiriusPoint?
Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment. Our Values - Integrity, Customer Focused, Solution Driven, Diversity, and Collaboration - are at the heart of our business, and they guide our everyday actions and decision making. We also unite our global team behind common goals, ensuring you can make a meaningful impact.

We Achieve More Together
At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.

We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.

We are unable to sponsor or take over sponsorship of an employment visa at this time.