Senior Contract Wordings Technician

AXA UK; London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading insurance company is seeking a Senior Contract Wordings Technician to join their dynamic Wordings Team in London. This vital role involves collaborating with underwriters, providing technical assistance on contract wordings, and ensuring compliance with legal requirements. Ideal candidates will have strong analytical and interpersonal skills, along with experience in drafting insurance policies. This position offers a competitive salary and an excellent benefits package, providing opportunities for professional growth and development.

Benefits

Annual bonus

25 days paid holiday plus Bank Holidays

Fantastic company pension scheme

Private medical and dental cover

Life assurance

Income protection

Training and development opportunities

Qualifications

• Experience collaborating with senior management and stakeholders.
• Strong communication skills with stakeholders.
• Proven ability to manage projects independently.

Responsibilities

• Provide reviews and advice on various wordings and products.
• Maintain central wording repository with accurate records.
• Support product and process changes due to regulatory developments.

Skills

Interpersonal skills

Analytical skills

Negotiation

Project management

Communication skills

Organisational skills

Education

Experience in insurance policy drafting

Knowledge of insurance business

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 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.

The purpose and mission are to:

•Our Underwriting meets our profit targets

•Aggregations are identified and controlled

•Our underwriting is 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.

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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