Wordings Technician

Chaucer; City Of London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance group in London seeks a candidate for a role supporting underwriting. Responsibilities include drafting and reviewing policy wordings while providing technical guidance to underwriters. Ideal candidates will have experience in the London Market and familiarity with regulatory initiatives, plus working knowledge of Microsoft Office. This position emphasizes a commitment to diversity and flexible working arrangements.

Qualifications

• Experience in a legal and regulatory environment is beneficial.
• Ability to provide technical advice to underwriters.
• Experience drafting and reviewing slip policies.

Responsibilities

• Draft and review slip policies and contract wordings.
• Assist with day-to-day wordings related tasks.
• Lead reviews on contract wordings based on regulations.

Skills

Knowledge/experience of policies and wordings in London Market

Working knowledge of Microsoft Office

Knowledge of multiple Classes of Business Wordings

Familiar with London Market Reform Initiatives

Job description

Become an integral part of the team, supporting the underwriting business across all core, direct lines of business. Working with the Head of Wordings and other team members, you will be responsible for the review of slip policies and contract wordings, including ad-hoc drafting requests where required, to ensure that policy documentation aligns with underwriter intentions, regulatory requirements, and the wider underwriting strategy.

Main Duties

• Provide technical advice to underwriters on all wordings related matters.
• Draft and review slip policies and contract wordings, including analysis and explanation of individual clauses, always with a focus on delivering a timely and commercial solution to any issue raised.
• Assist the Head of Wordings, and other team members, with day-to-day wordings related tasks.
• Raise the awareness of wording clauses and their impact on coverage to the wider business.
• Lead reviews and amends on contract wordings in line with updates in Consumer Duty regulations.
• Liaise with market peers and remain fully abreast of market developments and trends.
• Format and stylise newly drafted wordings, complying with relevant jurisdictional requirements and maintaining Chaucer branding.

Our Requirements

• Knowledge/experience of working on policies and wordings in a London Market environment or experience of working in a legal and or regulatory environment.
• Working knowledge of Microsoft Office
• Knowledge of multiple Classes of Business Wordings.
• Knowledge of Standard Market Wordings, Clauses and Endorsements.
• Familiar with London Market Reform Initiatives, including Contract Certainty, Market Reform Slip, Lloyd’s Crystal, Familiarity with market protocols and market guidance.

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.