Commercial Wording Specialist

Story Terrace Inc.; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Employee Share Option Pool

Private healthcare

Private pension

25 days annual leave

Cycle to Work and EV schemes

Job summary

Story Terrace Inc. is seeking a Senior Credit Insurance Commercial Underwriter in London to lead insurance wording and policy documentation across jurisdictions. You will work closely with the VP of Legal and Compliance and global commercial teams.

You will own the policy wordings library, support new product launches, and ensure regulatory compliance while leveraging AI tools to improve efficiency and scale the legal delivery of commercial insurance.

Qualifications

• At least 10 years experience in Credit Insurance.
• Experience drafting policy wordings and endorsements.
• Broad understanding of policy structures (single risks, excess of loss, framework policies).

Responsibilities

• Draft, review and negotiate policy wordings and endorsements, and related documentation.
• Own and maintain the policy wordings library and version control process across all active jurisdictions.
• Support new product launches and market entries, working with legal/compliance and external counsel.
• Review and negotiate broker terms of business agreements and NDAs.
• Support regulatory filings and USA policy wording filings with legal/compliance and external partners.
• Build and maintain legal templates, playbooks and process documentation.
• Use AI tools as a core part of service delivery to scale the business.

Skills

Credit Insurance Underwriting

Policy Wordings Drafting

Commercial Documentation

Regulatory Awareness

AI Tool Usage

Tools

Policy Management Software

Job description

About us:

We are a rapidly growing MGA (Managing General Agent) underwriting trade credit insurance and surety products. Since launching commercially in 2022, we have expanded across the UK, EU, US and Canada and now serve global corporates through a combination of insurance expertise and proprietary technology.

Named the #4 fastest-growing software company in the UK by the Sunday Times Tech 100, and the fastest-growing InsurTech in the UK and Ireland by Sifted.

This is an opportunity to join a business at an early stage of its growth and gain exposure to a breadth of commercial, risk, legal and regulatory matters.

The key bits:

Location: London (Bermondsey Street, London Bridge). Three days per week in the office.

Experience: At least 10 years experience in Credit Insurance.

Interview process:

• Introductory call
• Meeting with VP of Legal and Compliance, one of CEO / Group Chief Underwriting Officer (CUO)

About the role:

You will be working closely with the VP of Legal and Compliance, Group CUO and with the Commercial teams globally. You will take primary responsibility for the insurance wording and policy documentation workstream, focusing on trade credit insurance policy wordings and endorsements, with occasional work on surety bonds and counterindemnities, across multiple jurisdictions.

Alongside this core responsibility, you will be involved in new product launches, and supporting the legal and compliance work required by a fast-growing regulated business.

This is a broad role. You will take ownership of significant workstreams, and have the opportunity to develop as the business grows.

Responsibilities:

• Draft, review and negotiate policy wordings and endorsements, and related documentation.
• Own and maintain the policy wordings library and version control process across all active jurisdictions.
• Support new product launches and new market entries, working with legal and compliance and external counsel where required.
• Review and negotiate broker terms of business agreements and non-disclosure agreements
• Support compliance with ongoing regulatory requirements, including working with legal and compliance and our external partners on our USA policy wording filings
• Build and maintain legal templates, playbooks and process documentation
• Use AI tools as a core part of service delivery, helping the commercial function operate efficiently and scale effectively

You might be a good fit if:

• You have experience as a Credit Insurance Commercial Underwriter: drafting or reviewing policy wordings, endorsements, or insurance-related commercial documentation.
• You have a thorough understanding and wide experience of a broad range of policy structures including; single risks, excess of loss, framework policies, etc.
• You enjoy taking ownership of your work and exercising judgement about when to elevate and are a team player. You are agile in the way you prioritise your work.
• You are commercially minded and able to balance legal risk with practical business outcomes.
• You are intellectually curious and excited by the prospect of learning quickly across a broad range of underwriting, legal and regulatory topics.
• You see AI as a practical tool for improving legal delivery and are keen to experiment with new tools and workflows.
• You communicate clearly, concisely and confidently, both in writing and in person.

Logistics:

• Employment type: Permanent
• Employee Share Option Pool: available

Company benefits:

• Private healthcare
• Private pension
• 25 days’ annual leave plus bank holidays
• Enhanced parental leave.
• Cycle to Work and Electric Vehicle schemes.
• £100 per year towards a physical challenge of your choice.