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Contract Insurance Jobs in Burr Ridge, IL (NOW HIRING)

Contracts Administrator

Chicago, IL · On-site

$75K - $85K/yr

Provide guidance regarding contract requirements, risk allocation, insurance obligations, and compliance matters. * Identify opportunities to improve contract processes, workflows, reporting, and ...

Contract Analyst

Chicago, IL · On-site

$71K - $86K/yr

... insurance; d) publication; e) confidentiality; f) warranty; g) infringement, at a minimum. Duties/Responsibilities: * Reviews, interprets, analyzes, drafts and negotiates federal and industry ...

Contracts Manager

Chicago, IL · On-site

$85K/yr

Contribute to operational improvements and best practices for contract workflows, templates and ... insurance programs, and paid and unpaid time away from work. In addition to a comprehensive ...

Contribute to operational improvements and best practices for contract workflows, templates and ... insurance programs, and paid and unpaid time away from work. In addition to a comprehensive ...

Contribute to operational improvements and best practices for contract workflows, templates and ... insurance programs, and paid and unpaid time away from work. In addition to a comprehensive ...

Contribute to operational improvements and best practices for contract workflows, templates and ... insurance programs, and paid and unpaid time away from work. In addition to a comprehensive ...

Contracts Administrator

Westmont, IL · On-site

$28.50 - $33/hr

Benefits available to contract/contract professionals, include medical, vision, dental, and life and disability insurance. Hired contract/contract professionals are also eligible to enroll in our ...

Contribute to operational improvements and best practices for contract workflows, templates and ... insurance programs, and paid and unpaid time away from work. In addition to a comprehensive ...

Contracts Compliance Analyst

Chicago, IL · On-site

$80K - $90K/yr

... contract closeout. * Maintain and update a centralized contracts compliance database, including key dates, certifications, insurance, and renewals. * Monitor supplier compliance with contractual ...

... contract closeout. * Maintain and update a centralized contracts compliance database, including key dates, certifications, insurance, and renewals. * Monitor supplier compliance withcontractual ...

Contracts Compliance Analyst

Chicago, IL · Hybrid

$80K - $90K/yr

... contract closeout. * Maintain and update a centralized contracts compliance database, including key dates, certifications, insurance, and renewals. * Monitor supplier compliance withcontractual ...

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Contract Insurance information

What are some common challenges faced by professionals working in contract insurance roles?

Professionals in contract insurance often navigate complex policy language, ensuring that contracts accurately reflect coverage needs and compliance requirements. Managing multiple clients or projects simultaneously can be demanding, especially when addressing unique risk exposures or negotiating terms with underwriters. Additionally, staying current with changing regulations and industry standards is essential for mitigating potential liabilities and providing reliable guidance. Strong attention to detail and clear communication with both clients and other stakeholders are crucial to overcoming these challenges.

What jobs pay 4000 a week without a degree?

Contract insurance roles such as independent insurance adjusters or brokers can pay around $4,000 per week, especially with experience and a strong client network. These jobs often require licensing, good negotiation skills, and the ability to work independently, with income depending on the volume of claims or policies handled.

What are the key skills and qualifications needed to thrive as a Contract Insurance Specialist, and why are they important?

To thrive as a Contract Insurance Specialist, you need in-depth knowledge of insurance policies, risk assessment, and contract law, often supported by a bachelor’s degree in business, finance, or a related field. Familiarity with insurance management software, policy administration systems, and relevant certifications such as CPCU or ARM is highly beneficial. Exceptional attention to detail, negotiation skills, and strong interpersonal communication set top performers apart in this field. These skills ensure accurate policy management, effective risk mitigation, and successful client relationships in a complex regulatory environment.

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Executive Officer (CEO), Chief Underwriting Officer, or Chief Risk Officer tend to be the highest paid positions, often earning six-figure salaries plus bonuses. These roles require extensive experience, leadership skills, and industry knowledge, and they oversee company strategy, underwriting, and risk management functions.

What does an insurance contract do?

An insurance contract is a legal agreement between an insurer and a policyholder that outlines the coverage, terms, and conditions of the insurance policy. It specifies the risks covered, premium payments, and the obligations of both parties, providing financial protection against specified losses. Contract insurance professionals review, draft, and explain these agreements to ensure clarity and compliance with regulations.

What is the difference between Contract Insurance vs Insurance Agent?

AspectContract InsuranceInsurance Agent
CredentialsTypically requires licensing and insurance-specific certificationsRequires licensing and often ongoing training
Work EnvironmentUsually project-based, working with clients or companies on specific contractsOffice or field-based, selling and advising clients on policies
Employer & IndustryInsurance companies, brokers, or agenciesInsurance agencies, brokerages, or direct companies
Search & Comparison IntentUnderstanding contractual roles in insuranceSeeking insurance sales or advisory careers

Contract Insurance professionals focus on providing insurance services through specific contracts, often working on a project basis. Insurance Agents, on the other hand, sell and advise clients on insurance policies, typically working within agencies or brokerages. While both roles require licensing and industry knowledge, their work environments and career paths differ.

What contract job pays the most?

Contract insurance roles such as senior underwriters, claims managers, or risk analysts tend to offer the highest pay, especially with specialized skills or certifications like CPCU or ARM. These positions often require extensive experience and may involve working in high-stakes environments, leading to higher compensation compared to entry-level roles.

What is contract insurance?

Contract insurance is a type of insurance policy designed to protect parties involved in a contractual agreement from financial losses due to specific risks outlined in the contract. This coverage typically addresses issues such as non-performance, damage, or loss that may occur during the execution of a contract. Businesses often use contract insurance to manage risks and ensure all parties fulfill their obligations. It can be customized depending on the nature of the contract and the potential risks involved. Contract insurance provides peace of mind and financial protection for both contractors and clients.
What are the most commonly searched types of Insurance jobs in Burr Ridge, IL? The most popular types of Insurance jobs in Burr Ridge, IL are:
What cities near Burr Ridge, IL are hiring for Contract Insurance jobs? Cities near Burr Ridge, IL with the most Contract Insurance job openings:
Contracts Administrator

$75K - $85K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago


Job description

ProLift Rigging is a privately owned, purpose-driven industrial construction company that has a unique, opportunistic, and growth-oriented culture.

OUR PURPOSE

To acknowledge and glorify God by living in submission to Him as we steward His resources, giving Him thanks through the meaningful work we do, and directing the profits of our business to the redemptive work He is doing on the earth.

OUR MISSION

To be the best full-service lifting, rigging, and relocation solutions company, enabling total project success for teams that construct, move, or maintain mission-critical plant, machines, and equipment.

Best is:

  • Loyal and growing customers that consider us the best.
  • Aligned, engaged, value-driven, and effective team members doing whatever it takes to achieve our mission.
  • Esteemed by the participants in our industry.
  • High return on capital.

OUR CORE VALUES

  • Safety - Evaluate risk, plan to mitigate it to protect customers, our team, the public, and property.
  • Focus - Focus on the potential of our customers and fellow teammates, working for their success as if our success is on the line.
  • Ingenuity - Think about, discuss, and implement ideas that make us better.
  • Superintend - take seriously the opportunity to wisely invest time, talent, and capital for the benefit of others.
  • Respect - Soberly respect others and the work we do. Both matters.
  • Diligence - Remember that any meaningful goal is achieved through dogged persistence and staying engaged.
  • Teamwork - We are a team that needs each members' contribution to achieve our mission.

JOB SUMMARY

The Contracts Administrator is responsible for reviewing, negotiating, and administering a variety of commercial contracts while ensuring compliance with company policies, legal requirements, and risk management standards. This position serves as a key business partner to Sales, Operations, and Leadership by identifying contractual risks, facilitating negotiations, and supporting the successful execution of customer, subcontractor and supplier agreements.

The Contracts Administrator manages the contract lifecycle from request through execution and administration, ensuring contracts accurately reflect business terms and protect the company's interests.

PRIMARY RESPONSIBILITIES:

  • Support the Contracts Manager in reviewing, analyzing, drafting, and negotiating customer, subcontractor and vendor agreements.
  • Complete customer prequalification and vendor set-ups, vendor credit applications and similar compliance documentation.
  • Prepare contract redlines and coordinate negotiations with customers, suppliers, and business partners.
  • Ensure contracts comply with company policies, risk management standards, and approved contracting guidelines.
  • Escalate non-standard terms, significant risks, and legal concerns to the Contracts Manager and legal counsel, as appropriate.
  • Maintain accurate contract records within the Contract Lifecycle Management (CLM) system.
  • Track contract status, approvals, execution requirements, renewal dates, amendments, and key contractual obligations.
  • Evaluate contractual provisions including:
  • Indemnification
  • Limitation of Liability
  • Insurance Requirements
  • Payment Terms
  • Retainage
  • Warranties
  • Liquidated Damages
  • Confidentiality
  • Termination Rights
  • Dispute Resolution
  • Review insurance requirements and coordinate with internal stakeholders to ensure compliance with company insurance programs.
  • Assist in the development and maintenance of contract templates, playbooks, clause libraries, and guidelines.
  • Support internal compliance initiatives and contract audits as needed.
  • Serve as a contract liaison between Contracts and Sales, Operations, Accounting, and Executive Leadership teams.
  • Provide guidance regarding contract requirements, risk allocation, insurance obligations, and compliance matters.
  • Identify opportunities to improve contract processes, workflows, reporting, and efficiencies.
  • Participate in training initiatives to increase contract awareness and risk management best practices across the organization

KNOWLEDGE, SKILLS, AND ABILITIES:

  • Strong understanding of commercial contracting principles and risk allocation.
  • Working knowledge of:
  • Indemnity provisions
  • Insurance requirements
  • Limitation of liability clauses
  • Payment and retainage provisions
  • Warranty obligations
  • Change order processes
  • Confidentiality agreements
  • Commercial dispute resolution provisions
  • Ability to identify contractual risks and recommend practical business solutions.
  • Strong analytical, negotiation, and problem-solving skills.
  • Excellent written and verbal communication skills.
  • Exceptional attention to detail and organizational abilities.
  • Ability to manage multiple priorities and deadlines in a fast-paced environment.
  • Ability to handle confidential and commercially sensitive information with discretion.
  • Strong interpersonal skills and ability to build effective working relationships across departments.
  • Ability to work independently while contributing as part of a collaborative team.
  • Proficiency in Microsoft Office Suite and Contract Lifecycle Management (CLM) systems such as Agiloft, Ironclad, DocuSign CLM, or similar platforms.

PROLIFT RIGGING OFFERS:

  • Competitive salary
  • Bonus program that pays for performance
  • 401(k)
  • Medical, Dental, and Vision coverage
  • Vacation and Holiday Pay
  • Disability Insurance
  • Life Insurance
  • Other additional personal and professional benefits are available.

Required Qualifications:

  • Minimum of 2 years of experience in contract administration, contract management, legal operations, procurement, project administration, or a related field.
  • Experience reviewing and negotiating commercial agreements preferred.
  • Experience within construction, industrial services, logistics, supply chain, or project-based industries preferred.
  • Must be able to travel domestically up to 15-20% annually.
  • Must possess a valid driver's license and maintain an acceptable driving record.
  • Must successfully pass a background check and drug/alcohol screening.
  • Must be authorized to work in the United States.
  • Must be able to work a minimum of 40 hours per week.
  • Must be able to commute to the Downers Grove, Illinois office.

Education:

  • Bachelor's degree in Business Administration, Legal Studies, Contract Management, Supply Chain, Paralegal Studies, or a related field preferred.
  • Equivalent combinations of education, training, and relevant experience may be considered.
  • Certification as a Notary Public commissioned by the State of Illinois is preferred, but not required

EOE/AA Minority/Female/Disability/Veteran

Employment Type: FULL_TIME