Contract Wordings Technician

Markel; Greater London; On-site; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Annual bonus

25 days paid holiday

Pension scheme

Private medical and dental cover

Life assurance

Travel insurance

Income protection

Season ticket loan

Job summary

Markel is seeking a Contract Wordings Technician to support underwriters and the Wordings Team within the USP framework. You will review and craft wordings for Markel products, binding authorities, and broker wordings, while staying ahead of regulatory and market developments.

This role offers close collaboration with senior stakeholders and opportunities to develop technical expertise. Based in the Greater London area, this position requires strong communication, project management and drafting

Qualifications

• Strong interpersonal and people leadership skills
• Experience of collaborating with senior management and boards/committees
• Project management capability
• Strong analytical and interpretation skills
• Strong attention to detail
• Team orientation and collaboration for high standards of product delivery
• Strong organizational skills
• Experience of legal contract or insurance policy drafting
• Proven track record to time manage projects and work independently
• Knowledge of insurance business, markets, and terminology

Responsibilities

• Provide reviews and advice on wordings and products including Markel products, Binding Authorities, Cover-holder and broker wordings
• Stay ahead of regulatory, legal and market developments and advise underwriters on potential impacts
• Develop and deliver advice to underwriters on wording-related issues and trends
• Maintain central wording repository and keep related records/reports
• Collaborate with other business areas to share technical expertise and ensure consistency
• Coordinate with team members to provide transparent workloads and timely service
• Ensure wordings align with legal and regulatory requirements
• Participate in ad hoc information requests/projects related to wordings
• Explain technical topics in an approachable and accessible way for internal/external audiences
• Lead post-bind thematic reviews of product lines
• Mentor and develop junior team members
• Support product/process changes due to regulatory developments
• Acquire knowledge of emerging risks to support innovation and underwriting appetite
• Contribute to development of technical knowledge within product lines with underwriter training
• Assist auditors from internal and external sources
• Collaborate with Compliance, Product Governance, Legal & Regulatory, IT, Operations
• Participate in strategic project work and delivery of required actions
• Attend internal and external meetings as required
• Lead crafting of custom wordings and clauses for large/complex risks
• Engage in trainings to advance technical expertise

Skills

People leadership

Stakeholder engagement

Project management

Analytical skills

Attention to detail

Team player

Organizational skills

Insurance drafting

Time management

Communication skills

Job description

Looking for a role that will have a meaningful impact on Contract Wordings?

We are looking for an individual to work closely with our Underwriters and support functions to provide technical assistance to Underwriters in the delivery of their business plans.

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The Opportunity

We have an excellent opportunity within our Wordings Team for a Contract Wordings Technician. This position reports to our Head of Technical Wordings and involves close collaboration with a team of expert drafters, divisional leadership, and underwriters.

The Wordings Team sits within the Underwriting Strategy and Performance (USP) team. The USP is part of Markel International’s Corporate Management team, with responsibility for the Performance, Risk, Technical Underwriting, Oversight, Governance and Reinsurance Placement for all Underwriting Divisions.

The role is an addition to the current technical wordings team. The role will include day to day interaction with the underwriting and support functions to provide technical assistance to underwriters in the delivery of their business plans.

What You’ll Be Doing

• Providing reviews and advice on various wordings and products including Markel products, Binding Authorities, Cover-holder and broker wordings.
• Staying ahead of emerging trends including regulatory, legal and market developments and provide advice to underwriters where there is a potential impact on any of Markel’s product offerings.
• Developing and delivering advice to underwriters on wording related issues and including emerging market, regulatory or legal trends that impact product wording where required.
• To ensure the central wording repository is accurately maintained and keep records and reports relating to wording matters.
• Work with other areas of the business to ensure the sharing of technical expertise and consistency of approach to wordings.
• Coordinate alongside other team members to provide transparency of workloads and the timely delivery of service assisting underwriters in wording-related matters.
• Ensure wordings are aligned with applicable legal and regulatory requirements.
• Involvement in ad hoc information requests / projects related to wordings.
• Ability to explain sophisticated and technical topics in an approachable and accessible way for audiences both inside and outside the organisation.
• Post bind thematic reviews of product lines.

Additional Responsibilities Include

• Assist with the mentorship and development of more junior members of the team.
• Support change to products and process due to regulatory developments
• Acquire knowledge of emerging risks and market environment to assist in innovation and underwriting appetite and rigor
• Assist in the development of technical knowledge within product lines with underwriter training
• Provide assistance as required for auditors from within the organization and those from outside
• Collaborate closely with support divisions Compliance, Product Governance, Legal & Regulatory, IT, Operations as required
• Take part in strategic project work as required
• Handle delivery of required actions
• Attend internal and external meetings as required
• Lead and provide advice on crafting custom wordings and clauses for large or complex risks.
• Undertake any applicable trainings and development opportunities to further develop technical expertise.

Our Must-haves

• Strong interpersonal and people leadership skills, ability to drive consensus and negotiations
• Experience of collaborating with senior management, senior stakeholders and boards/ committees
• Project management capability
• Strong analytical and interpretation skills
• Strong attentions to detail
• Team orientation – it is important that the person works within the team to ensure high standards of product delivery and collaboration
• Strong organisational skills
• Experience of legal contract or insurance policy drafting.
• Proven track record to time manage projects and work independently.
• Knowledge of insurance business, markets, and general insurance related terminology.
• Good communication skills.; uses clear language and is precise and succinct in communication with stakeholders.

Who We Are

Markel Group (NYSE - MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further

What’s in it for you?

• A great starting salary plus annual bonus & strong benefits package...
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part?

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [e-mail] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

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