Senior Wording Specialist

The Travelers; Birmingham; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

The Travelers in the United Kingdom is seeking a Senior Wordings Specialist to shape policy wordings across Power & Utilities, Marine and Aviation lines. You will work with business leaders and Underwriting Officers to draft, review and maintain robust wordings and underwriting standards, ensuring clarity and consistency across contracts.

In this role you will manage policy wording development, collaborate with brokers and underwriters, and contribute to product development and technical

Qualifications

• London Market systems and Lloyd's market processes beneficial.
• Educated to degree standard.
• Relevant experience within the Travelers or Lloyd's markets.
• Relevant work experience in underwriting support and wordings.

Responsibilities

• Manage and develop policy wordings across lines of business.
• Review and chase outstanding wordings to ensure timeliness.
• Coordinate with underwriters and brokers to ensure pre-bind quality.
• Draft and amend wordings to meet coverage expectations and compliance.
• Report issues to underwriters/Managers on an exception basis.
• Maintain consistency and integrity of wordings across contracts.
• Collaborate with the Delegated Authority Coordinator on binding agreements.

Skills

London Market systems

Lloyd's market knowledge

Education

Bachelor's degree

Job description

What Is the Opportunity?

Join our Specialty team as a Senior Wordings Specialist, where you'll work closely with business unit leaders and Underwriting Officers to shape the contracts behind our Power & Utilities, Marine, and Aviation lines. You'll contribute to the drafting and managing of policy wordings and clauses safeguarding the integrity of our insurance contracts, and reviewing and developing sound technical underwriting standards. If you have a sharp eye for detail and enjoy turning complex risks into clear, robust wording, this is an opportunity to make a real impact on how we underwrite.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.

What Will You Do?

Wordings

• Manage and undertake policy wording development and control across all lines of business ensuring TRV Wordings are robust and accurately drafted.
• Maintain a review of wordings ensuring that the status of outstanding wordings is known at any time and that the appropriate steps are taken to chase any overdue wordings in a timely fashion.
• To liaise with underwriters and brokers to ensure that slips and wordings meet pre-bind quality assurance before inception.
• Manage and facilitate, the amendment and drafting of policy wordings to ensure compliance with underwriters intended depth and breadth of coverage.
• Report wordings and documentation issues to underwriters/Manager on an exception basis so that underwriters are aware of the issues and can act accordingly.
• Build and maintain relationships with brokers/underwriters so that wordings and documentation issues are resolved quickly and to the satisfaction of all parties.
• To ensure consistency and integrity within wordings is maintained.
• Work with the Delegated Authority Coordinator to ensure appropriate wording of Binding/TPA Agreements themselves and accompanying Certificates.
• To review and advise on TSM and TICL outwards reinsurance wordings in conjunction with the purchasing underwriter and the Outwards Reinsurance Manager.

Technical

• Manage and execute Technical projects relating to issues that impact the Company's underwriting operations including:
• Monitoring & reviewing corporate appetite, Policy coverage, the legal, regulatory and statutory (where relevant) environment, industry developments & claims trends.
• Define, develop European Underwriting positions and guidelines.
• Establish (or oversee) corporate underwriting appetite to ensure constancy across Europe.

Emerging Issues

• Identify trends and opportunities. Perform research, develop strategies and act as resource for Risk Committee and Senior Management.
• Liaison with US parent in respect of emerging issues, corporate underwriting stance, coverage and product development.
• Represent the Company at relevant industry seminars and other forums to assimilate changes that represent opportunities or threats for the Company's underwriting operations.
• Act as a technical reference point for underwriting business units and provide clarity, advice on technical issues.

Product Development

• Actively participate in Product Development (both new and existing) providing technical expertise, input and guidance.
• For both new and existing Product Development, undertake, manage and facilitate policy wording development and control (ensuring wordings are robust, accurately drafted and maintain commonality, where appropriate).

Technical Training

• Assist in respect of development /provision & maintenance of Technical Training materials particularly in respect of compliance with Lloyds Market reform initiatives and respond as appropriate to claims trends, technical issues and industry requirements.

Other Duties

• Ensure that effective recruitment, retention and succession planning is in place and that all staff training and development needs are identified, acted upon and documented.
• Achieving the annually agreed performance objectives.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Previous exposure of London Market systems/processes beneficial.
• Educated to degree standard.
• Relevant experience gained working within the Company or Lloyds market.
• Relevant work

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.