MS Transverse Continues to Grow!
Company Overview
MS Transverse is a subsidiary of MSIG USA and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world.
MS Transverse is dedicated to the global program market and partners with MGAs, program administrators, and general agents to offer a full suite of insurance services.
We believe that by aligning the interests of all parties involved in our programs – distribution partners, MS Transverse, and the reinsurance community – we can deliver outsized results to a market in need of responsible actors with experience and expertise.
Job Description
This position can be located out of the New Jersey office, New York City office, or for the right candidate this candidate can be remote.
Independently review/edit/create/interpret complex and non-standard reinsurance contracts to
accurately memorialize negotiated reinsurance placement terms, including facultative, treaty,
and retrocessional arrangements
• Deep, expert-level knowledge of standard and bespoke market wordings, with the ability to
identify, resolve, and advise on complex technical and coverage issues
• Act as the primary escalation point and subject matter expert between MS Transverse and
Brokers/Reinsurers for questions/inquiries associated with contract wording for programs they
are responsible for.
• Draft and negotiate related contract documents, including amendments, and other supporting
agreements, often with minimal oversight
• Ensure contract language complies with applicable regulatory and statutory requirements across
admitted and non-admitted lines, and advise leadership on emerging regulatory and reinsurance
wording trends and considerations
• Collaborate cross-functionally with Legal, Compliance, and Product teams to support contract
development and risk management initiatives
• Mentor and provide technical guidance to other ceded reinsurance team members, by
reviewing the reinsurance contracts and explaining complex reinsurance terms and conditions.
• Contribute to the development of department best practices, templates, and standard contract
wording libraries
• Assist in additional projects as assigned
Job Requirements/Qualifications
Education
• Bachelor’s Degree (job-related majors/fields of study a plus); ARe or CPCU strongly preferred
• Advanced degrees, Juris Doctor/job-related designations preferred
Experience
• Fifteen + years progressive experience working on reinsurance wording in a US/London market
environment, including treaty, facultative and ILS Side Car placements
• Extensive, expert-level knowledge of reinsurance placements, terms & conditions, including
statutory and reinsurance accounting implications
• Technical and/or analytic experience that can be adapted to current technologies
• Strong verbal and written communication skills
• Analytical, decision making, problem resolution and organizational skills
• Demonstrated track record leading complex, high-value contract negotiations and mentoring or
managing junior team members
Other Components
• Excellent industry leading benefits package
• Progressive work environment that parses both virtual and office environments
• Remuneration is superior for the right person
• Ability to build their own brand as they build MS Transverse’s brand
• Direct interaction with, and visibility to, all the senior leadership of the firm.
Additional job description-Salary: The base range is $200-$300k. Salary determination are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.
Additional Benefits
• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans
Additional Benefit Programs
• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts
It’s an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
It is the policy of MS Transverse to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MS Transverse will provide reasonable accommodations for qualified individuals with disabilities.
Location: , ,
Benefits:
- Dental Coverage
- Paid Time Off
- Health Insurance
LinkedIn: Apply Here