Wordings Specialst

Beazley Management Limited

Greater London

On-site

GBP 40,000 - 60,000

Full time

14 days+

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Job summary

Beazley Management Limited is seeking a Wordings Analyst in Greater London to review, draft, and ensure compliance of contract wordings across various First Party lines of business. The ideal candidate will possess strong drafting skills, attention to detail, and relevant professional qualifications. Responsibilities include quality control of contract wordings, educating staff on insurance regulations, and maintaining compliance with legal requirements. This role requires flexibility, self-motivation, and a team-oriented approach.

Qualifications

Minimum A Levels in English, both literature and language.
Understanding of insurance wordings and regulations.
Proven ability to manage time and meet deadlines.

Responsibilities

Review and administer quality control on slips and wordings.
Educate and train staff on technical and legal matters.
Monitor legal changes affecting company policies.
Draft and review contract wordings for compliance.

Skills

Drafting of wordings and clauses

Attention to detail in contracts

Negotiation

Understanding of industry wordings

Effective communication

Time management

MS Office and Excel proficiency

Team collaboration

Education

A Levels in English Literature and English Language

Professional qualifications such as ACII

Tools

MS Office

Excel

Job description

Job Title: Wordings Analyst

Division: First Party (Property)

Reports To: As per Beazley’s organisation chart

Key Relationships: Head of First Party Wordings, underwriters, claims staff, other staff and brokers.

Job Summary

To review, agree and draft contract wordings across all First Party lines of business which includes Commercial Property, Jewellery, Fine Art Specie, Delegated Authority, Contingency, Political Violence, Personal Accident, Marine and Aviation. To communicate and work with all First Party Underwriters and other key relationships to the extent required by Head of First Party Wordings.

Key Responsibilities

Review and administer a quality control on all slips and wordings written in the Property Group and other teams within First Party lines of business, as requested.
Review consumer contracts ensuring compliance with latest consumer legislation.
Where required complete Contract Certainty, Tax and Regulatory checks on all slips written in Property Group.
Where required monitor and chase for receipt of outstanding Wordings and other documentation from brokers.
Where required attend and contribute to Conduct Review Group meetings.
Advise Underwriters on the merits/demerits on forms/clauses used on slips.
Develop network opportunities across the business, to identify best practice and develop standardised guidelines to take advantage of wordings experience in formalising contracts.
Liaise with Brokers and monitor slips and wordings, which are returned to brokers for changes.
Monitor and react to such Legal and Legislative developments that affect the Company’s and the Department’s environment.
Educate and train others on all technical, Legal and Legislative matters e.g. Underwriting /Claims staff.
Develop a greater knowledge of Wordings and of the business.
Administrative functions including maintenance of a computer environment database for Policy Wordings as required.
Ensure that all wordings that come within the conduct Risk arena are compliant with the latest Conduct Risk legislation and regulatory requirements.
Where required complete bi-annual audit of wordings, ensuring compliant with RAG document for respective line of business.
Drafting and review of wordings in all relevant areas of the business.

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 with 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

Education and Qualifications