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Contract Analyst (Hybrid)
Contract Analyst (Hybrid)-November 2024
Birmingham
Nov 23, 2024
ABOUT PROTECTIVE
Protective offers insurance and investment products to help customers protect their futures.
1,001 - 5,000 employees
Financial Services, Insurance
VIEW COMPANY PROFILE >>
About Contract Analyst (Hybrid)

  The work we do has an impact on millions of lives, and you can be a part of it.

  We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

  Protective is seeking a critical thinker with excellent communication skills and a background in law, business, or finance to join our Reinsurance Business Group as a Contract Analyst. An attorney with experience in the insurance or financial industry could be ideal for this role. Our team works in our Birmingham office on a hybrid basis three days a week, negotiating, drafting, and analyzing business contracts to support the reinsurance function. At Protective we enjoy a flexible, collaborative business environment and generous benefits.

  Responsibilities: Negotiate favorable reinsurance terms with third-party reinsurers, draft associated reinsurance contracts and summaries, and lead business presentations related to such matters.Manage aspects of key reinsurance-related transactions including acquisition due diligence, acquisition integration, and negotiated settlements, as needed. Lead efforts to resolve reinsurance contract or data integrity issues, including making recommendations to resolve such issues.Identify and prioritize potential risk associated with reinsurance contract compliance, in particular as it relates to the reinsurance systems and reinsurance administration.Communicate results with management and other reinsurance stakeholders to provide greater transparency, resolve contract issues and ensure contract compliance.  Query, analyze and interpret system data as it relates to compliance with reinsurance contract terms and any of the above responsibilities. 

  Knowledge/Experience/Education Bachelor's degree, together with 3+ years of working experience in the legal field or in a related professional environment is required;Legal degree (JD) or other applicable advanced degree is strongly preferred;Prior experience in legal negotiation and research, statutory interpretation, and contract drafting, along with the ability to distill these concepts and communicate complex or sensitive information appropriately to a business audience is strongly preferred;Experience in areas involving analysis of complex data and documents (i.e., mergers and acquisitions, financial transactions, insurance litigation or arbitration) is preferred;General knowledge of or working experience with life insurance, reinsurance, project management, and general accounting principles is preferred; Aptitude for technology, databases, and software is required. A demonstrated competency with MS Excel, SQL Server and SharePoint is strongly preferred.

  Protective’s targeted salary range for this position is $74,000 to $80,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.

  This position also offers additional incentive opportunities [through an annual incentive based on individual and Company performance].

  Employee Benefits:  

  We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.  

   

  Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

  Diversity and Inclusion:

  At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities.

  We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust development opportunities and focus on retention of key talent.

  We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing the talents of a diverse and inclusive workforce.

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