Contract Wordings Technician

markelcorp; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Markel Group seeks a Contract Wordings Technician to work with our Underwriters and support functions, delivering technical assistance in line with business plans. The role sits in the Wordings Team within the USP group, reporting to the Head of Technical Wordings, and involves close collaboration with expert drafters and underwriters.

You will review and advise on wordings/products, track regulatory and market developments, and contribute to central wording governance while supporting change

Qualifications

• Strong interpersonal and people leadership skills.
• Experience collaborating with senior management and boards.
• Project management capability.
• Strong analytical and interpretation skills.
• Attention to detail and organization.

Responsibilities

• Providing reviews and advice on wordings and products including Markel offerings, binding authorities, and broker wordings.
• Staying abreast of regulatory, legal and market developments and advising underwriters on potential impacts.
• Developing and delivering advice on wording-related issues and emerging trends.
• Maintaining central wording repository with records and reports.
• Collaborating with Compliance, Legal & Regulatory, IT, Operations to share technical expertise.

Skills

Wordings drafting

Stakeholder management

Regulatory awareness

Project management

Analytical thinking

Education

Insurance/Legal background

Tools

Wordings drafting tools

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