Senior Cyber Wordings Technician

Gallagher; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading reinsurance firm in London is searching for a Senior Wordings Technician to join their Cyber team. This role involves drafting and reviewing contracts, advising clients, and enhancing the Wordings division within the cyber insurance market. The ideal candidate has a legal background, strong negotiation skills, and attention to detail. This position offers competitive benefits and opportunities for growth.

Benefits

Minimum of 25 days holiday

Defined contribution pension scheme

Life insurance

Income protection

Health cash plan or Private medical insurance

Volunteering days

Employee Stock Purchase plan

Discounted gym membership

Qualifications

• In-depth knowledge of reinsurance products and terminology.
• Ability to interpret complex legal language.
• Familiarity with global regulatory environments.

Responsibilities

• Draft and review reinsurance contracts and endorsements.
• Advise clients on contract language and potential exposures.
• Develop training programs for team members.

Skills

Legal knowledge

Negotiation skills

Attention to detail

Communication skills

Problem-solving

Education

Bachelor's degree in legal or related field

Advanced degree preferred

Job description

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

We are currently recruiting a Senior Wordings Technician to join our Cyber team on a fixed term contract in London!

The Cyber Wordings function is a cornerstone of our reinsurance placement process and a key element of client advocacy. Beyond supporting reinsurance contract wordings, this function plays a pivotal role in driving revenue growth for the global Cyber Team, directly and indirectly. This position offers an exciting opportunity to improve and expand our Wordings division, encouraging innovation and excellence within the cyber insurance market.

How you\'ll make an impact

Contract drafting and review:

• Draft new terms and conditions for reinsurance contracts and endorsements, ensuring they align with industry standards and meet client-specific requirements.
• Review reinsurance contract details to ensure clarity, compliance, and competitiveness.

Contract Consultation and Client Advisory:

Serve as a subject matter expert, advising clients on contract language, potential exposures, and interpretation of terms. Typical contract structures – QS, Aggregate Excess of Loss, Occurrence; ILW; ILS.

Provide insights and recommendations on:

• Reinsurance Contract Reviews: Identify advantageous and non-advantageous terms, benchmark against best practices, and suggest improvements.
• Original Product Reviews: Benchmarking products, highlighting areas of heightened exposure and suggest improvements.
• Aggregation Language and Event Definitions: Consult on defining events, market appetite, and risk scenarios.
• New Coverage Development: Collaborate on innovative coverage areas, such as Artificial Intelligence.
• Exclusions: Lead workshops on sophisticated cyber exclusions (e.g., War and State-sponsored Cyber-attacks).
• Innovation: Propose contractual language for emerging trends in the cyber marketplace, including insurance, reinsurance, and retrocession levels.

Training and Knowledge-sharing:

• Develop and implement training programs for team members at various skill levels (beginner to advanced).
• Conduct training sessions on cyber contract specifics, emerging challenges, and standard methodologies in reinsurance contracts.
• Champion a culture of continuous learning and knowledge-sharing within the team.

Cyber-related Research and Product Development:

• Stay informed about evolving cyber risks, regulations, and litigation trends, with a focus on their impact on (re)insurance coverage.
• Support the development of insights on industry hot topics and emerging trends.
• Collaborate with cross-functional teams to build and refine innovative products (e.g., ILW, ILS).

About You

• Bachelor\'s degree in legal or related field; advanced degree preferred.
• In-depth knowledge of reinsurance products, terminology, and contract law. Familiarity with global regulatory environments and compliance standards.
• Outstanding communication, negotiation, and relationship-building skills.
• Standout colleague, quick at grasping complex matters, problem-solver.
• Attention to detail and precision in contract language.
• Ability to interpret sophisticated legal language and apply it to practical situations.
• Eligible to work in the UK.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with the message above. If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity, gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.