Contract Wordings Technician

Markel International; Leeds; On-site; GBP 35,000 - 50,000; Full time

Benefits offered by this job

Annual bonus

25 days paid holiday

Company pension scheme

Private medical and dental cover

Income protection

Travel insurance cover

Job summary

Markel International seeks a Contract Wordings Technician in Leeds to support underwriters and enhance insurance wordings across various distribution channels. This role involves advising on retail market wordings and maintaining legal compliance while collaborating with senior management. Candidates should have a strong background in insurance and project management. A competitive salary, bonus & benefits are included. The position promotes career development within a global company environment.

Qualifications

• Deep knowledge of FCA requirements around policy wordings and conduct risk.
• Ability to explain technical topics in an approachable way for stakeholders.
• Experience collaborating with senior management and stakeholders.

Responsibilities

• Provide advice on retail open market wordings and products.
• Develop advice for underwriters on wording-related issues.
• Maintain accurate wording repository and records.

Skills

Knowledge of retail and direct to customer open market insurance business

Experience with FCA requirements

Strong interpersonal skills

Project management capability

Team orientation

Experience in legal contract or insurance policy drafting

Tools

Acturis

Websure

Job description

Overview

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 specifically supporting the Markel UK division. The role will report into our Head of Technical Wordings and will work closely with a team of experienced policy wording drafters supporting insurance products across the distribution channels of open market, direct to customer and delegated authority. This is a UK retail insurance focused role and sits within a wider wordings team that handles wordings across all of Markel International, including our London Market, APAC, European, and Canadian operations. The role will have a dotted line into the UK Director of Underwriting and will be expected to work with Markel UK’s underwriters and leadership, drawing on the wider International Technical Wordings Team, to deliver wordings support, including on cross divisional projects. The Technical Wordings Team reports into the Chief Underwriting Officer as part of the Underwriting Strategy and Performance department. This department sits within Markel International’s Corporate Management team, with responsibility for the Performance, Risk, Technical Underwriting, Oversight, Governance, Customer Outcomes and Reinsurance Placement for all underwriting divisions that are part of Markel International. The purpose and mission are to enable profitable underwriting through portfolio optimisation and fostering strategic partnerships internationally, while establishing clear frameworks that deliver insights, support underwriting decisions and seeing opportunities.

What you’ll be doing

• Providing reviews and advice on various retail open market wordings and products including Markel UK products, Binding Authorities, Cover-holder and broker wordings.
• Work with other team members to provide visibility of workloads and the timely delivery of service to underwriters on wording matters.
• 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.
• Ensure wordings are follows applicable legal and regulatory requirements.
• Ability to explain sophisticated and technical topics in an approachable and accessible way for both internal and external stakeholders.
• Post bind thematic reviews of product lines.

Our must-haves

• Knowledge of retail and direct to customer open market insurance business, markets and general insurance related terminology.
• Experience and deep knowledge of FCA requirements around policy wordings, FOS outcomes, customer insurance documentation, IPIDs, Consumer Duty, and conduct risk.
• Experience of collaborating with senior management, senior stakeholders and boards/ committees.
• Strong interpersonal and people management skills, ability to drive consensus and negotiations.
• Project management capability.
• 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.
• Knowledge and experience with Acturis and/or Websure are assets but not integral.

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?

Choose “Apply Now” to fill out our short application, so that we can find out more about you.

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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