Lead Contracts Administrator, Claims

Company Description
We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.
Job Description
Join our Legal, Compliance and Audit (LC&A) operations team in our Jersey City, NJ headquarters where we have a flexible hybrid work model.

• Independently draft, negotiate, and review contracts, as well as update and revise contract templates, pertaining to new and existing products, including but not limited to the following contract types: MSAs, SOWs, DPAs / DSAs, NDAs, SLAs, and other software and/or data licensing agreements
• Balance effectively and efficiently multiple agreement negotiations simultaneously with limited oversight; multitask and accomplish assignments under the limited supervision of a senior contract attorney
• Independently determine the proper form of agreement for any contractual situation based on a superior understanding of Verisk's products and services, contract law, contract language, and the insurance industry
• Work independently, as well as on a team, during the contract negotiation process; proactively pull in and collaborate with various Subject Matter Experts (including, but not limited to: Finance, Insurance, Risk and Security, Privacy, Compliance, Audit, product owners) during appropriate junctures to ensure result of effective agreements with properly mitigated risk
• Understand, apply, and incorporate Verisk's standard contracting playbook as appropriate during the contract negotiation lifecycle; also, contribute directly to the playbook based on expertise and contractual experience
• Identify legal issues and creatively navigate through difficult circumstances with your counterpart (i.e., customer's Procurement representative, contract administrator or legal counsel) and successfully arrive at resolutions on contract language and positions; identify complex concerns both arising from the customer and sales, and seek to understand a customer's position behind a redline and offer alternative acceptable language when possible
• Independently quality check all assigned requests and agreements; ensure that all applicable approvals are in place prior to final execution
• Apply and maintain a general (high-level) understanding of the latest and current applicable laws and regulations applicable to Verisk products, including GLBA, FCRA, GDPR, CPPA/CPRA, HIPAA; proactively stay up-to-date on changes to such applicable laws
• Maintain the highest level of integrity and sensitivity to confidential information
• Track contract progress and proactively follow up on outstanding items as needed
• Effectively adhere to, implement, and/or improve contracting reporting and workflows, using company tools and technology (including CLM and CRM systems)
• Manage excellent working relationships with Verisk internal stakeholders (i.e., Sales, product owners, business units, Finance, Customer Service, Compliance, Audit, Claims Senior Leadership, and other functional departments)
• Complete all ad hoc projects, special projects, and other duties as assigned
• Complete all goals and responsibilities, set on an annual basis and as determined by you and/or your Manager

Qualifications

• Bachelor's and JD degrees required, with 5+ years of experience reviewing, drafting, negotiating, and managing contracts
• Bar admission strongly preferred but not necessary
• Ability to think logically and quickly, with ability to promptly resolve and turn around contracts
• Strong written and verbal communication skills
• Superb understanding of contract law, contract language and principles, and applicable legislation
• High degree of understanding of common issues and concerns with services, sales departments, and complex customers
• Must excel in working in a highly collaborative environment while independently managing a large workload
• Self-driven and must exhibit initiative and assertiveness in obtaining information needed to proceed with requests and assignments
• Independently accomplish contract matters and tasks with limited supervision by a senior contract attorney
• Excellent project management skills with superior attention to detail; strong organization, facilitation, time management, planning, problem solving, and analytical skills required
• Outstanding interpersonal and relationship building skills, with the ability to mentor and advise new and/or more junior contract administrators
• Strong organizational skills with the ability to prioritize and be detail-orientated to effectively and efficiently manage responsibilities
• Possess the highest level of integrity and sensitivity to confidential information
• Superior communication skills, both oral and written, and the ability to liaise comfortably with all levels of staff and management
• Ability to pivot and adapt to changing situations or urgent requests that may arise with little or no notice
• Process-forward and technically competent with various software programs, including but not limited to: Microsoft Office web-based and desktop applications (Word, Excel, PowerPoint, Outlook, Teams, SharePoint), as well as CRM and CLM systems

#LI-LM03
#LI-Hybrid
Additional Information
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.
At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.
For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work® Certification, we've been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World's Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.
We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.
Verisk Businesses
Underwriting Solutions - provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
Claims Solutions - supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
Property Estimating Solutions - offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient
Extreme Event Solutions - provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.
Specialty Business Solutions - provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance
Marketing Solutions - delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement
Life Insurance Solutions - offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.
Verisk Maplecroft - provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
Verisk Analytics is an equal opportunity employer.
All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disabilityVerisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

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