Senior Contract Wordings Technician

Markel; City Of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance firm in London seeks a Senior Contract Wordings Technician. The role involves supporting underwriters with technical advice on contract wordings, ensuring compliance with regulations, and maintaining a central wording repository. Excellent interpersonal and project management skills are essential. This position offers a competitive salary, bonus, and benefits including 25 days paid holiday, healthcare, and professional development opportunities.

Benefits

Annual bonus

Strong benefits package

25 days paid holiday

Qualifications

• Strong experience in legal contract or insurance policy drafting.
• Ability to drive consensus and negotiations effectively.
• Experience collaborating with senior stakeholders.

Responsibilities

• Provide reviews and advice on various wordings and product offerings.
• Develop guidance on wording-related issues and emerging trends.
• Ensure regulatory compliance of wordings.
• Assist in audit preparations and provide technical knowledge.

Skills

Interpersonal and people management skills

Collaborating with senior management

Project management capability

Analytical and interpretation skills

Team orientation

Organisational skills

Insurance policy drafting

Communication skills

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.

Join us and play your part in something special!

The opportunity

We have an excellent opportunity within our Wordings Team for a Senior Contract Wordings Technician. The role will report into our Head of Technical Wordings and will work closely with a team of experienced drafters, divisional leadership and underwriters.

The Wordings Team sits within the Office of the Chief Underwriting Officer (OCUO) team.

The OCUO is part of 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.

Purpose and mission

Our Underwriting meets our profit targets

Aggregations are identified and controlled

Our underwriting follows regulations

We have the right people writing the right risks

Underwriters are supported by good systems and data

We have minimised operational and regulatory risks

Our products and services are fair to customers

Our business can be tracked and accounted for

What you’ll be doing

Primary Functions

• Provide reviews and advice on various wordings and products, including Markel products, Binding Authorities, Coverholder, and broker wordings.
• Stay updated on regulatory, legal, and market developments, advising underwriters on potential impacts on Markel’s product offerings.
• Develop and deliver guidance to underwriters on wording-related issues, including emerging trends.
• Ensure the central wording repository is accurately maintained, with comprehensive records and reports.
• Share technical knowledge across the business and ensure consistency in wordings.
• Coordinate with team members to ensure timely service delivery to underwriters on wording matters.
• Ensure wordings meet legal and regulatory requirements.
• Simplify complex topics for internal and external stakeholders.
• Conduct thematic reviews of product lines post bind.

Additional Responsibilities

• Support product and process changes due to regulatory developments.
• Acquire knowledge of emerging risks and market trends to aid innovation and underwriting discipline.
• Assist in the development of technical knowledge within product lines through training.
• Provide assistance for internal and external audits.
• Work closely with Compliance, Product Governance, Legal & Regulatory, IT, and Operations.
• Participate in strategic project work and manage the delivery of required actions.
• Attend meetings and lead the development of customized wordings and clauses for large or complex risks.
• Engage in training and development opportunities to enhance technical expertise.

Our must-haves

• Strong interpersonal and people management 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
• Team orientation – enjoy working within the team to ensure high standards of product delivery and collaboration
• Strong organisational skills
• Experience of legal contract or insurance policy drafting.
• Proven ability 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.

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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