Wordings Analyst

Beazley; Greater London; On-site; GBP 45,000 - 55,000; Full time

Job summary

A leading insurance firm in Greater London seeks a Wordings Analyst to provide policy wordings support to various teams. The role involves drafting endorsements, managing requests, and ensuring compliance with internal values. Ideal candidates will have experience in insurance or legal fields, with a law degree preferred. Strong organizational and communication skills are essential, along with the ability to maintain professionalism in a dynamic environment. This position offers a unique opportunity in a collaborative setting.

Qualifications

• Professional experience in insurance, compliance or legal is required.
• Understanding of policy and/or contract wordings is advantageous.
• Degree in Law is preferred.

Responsibilities

• Draft policy wordings and endorsements while collaborating with various teams.
• Manage endorsement requests and forms library.
• Work independently on assigned projects while ensuring compliance with values.

Skills

Accurate and numerate

Organised and detailed oriented

Good working knowledge of MS Office

Effective communication

Time management and prioritization

Professionalism under pressure

Education

Law degree

Tools

MS Office

Job description

Job Description

Job Title: Wordings Analyst –Specialty Risks

Division: Specialty Risks

Reports To: As per Beazley’s organisation chart

Key Relationships

Wordings team, Specialty RisksBusiness & Underwriting Management Team, Specialty RisksUnderwriters, Claims, Compliance, Incubation and all other relevant stakeholders

Job Summary

Provide policy wordings/insurance contracts support to other members of Wordings team and broader wordings support to the Specialty Risks Underwriting teams.

Key Responsibilities

Wordings

• Work in conjunction with the Wordings Leads, Lawyers and Specialists, Compliance, Claims and Underwriters on -
• drafting policy wordings and endorsements
• workflow management
• other wordings support as needed
• Manage endorsement requests and forms library
• Provide assistance with additional projects for Business and Underwriting Management as needed
• Where applicable, draft endorsement language for review by Wordings Lawyer/Specialist
• Work independently on projects as assigned
• Help review NDAs

General

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification

Essential Criteria

• Professional experience required – ideally within insurance, compliance or legal
• Understanding of policy and/or contract wordings advantageous
• Law degree preferred

Skills & Abilities

• Accurate and numerate
• Organised and detailed oriented
• Computer skills - good working knowledge of MS office, well developed spreadsheet skills
• Ability to communicate effectively with others, both verbally and in writing
• Proven ability to manage time, meet deadlines, and prioritise
• Able to maintain standards and professionalism during periods of fluctuating workloads

Aptitude & Disposition

• Task-focused, self-motivated and flexible
• Consistently professional approach
• Able to successfully interact with managers/underwriters/colleagues/external suppliers
• Positive, enthusiastic and service oriented

Competencies

• Achievement orientation
• Analytical thinking
• Information seeking
• Customer focus
• Team working
• Initiative
• Problem solving
• Detail oriented