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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.
Job Responsibility:
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
Requirements:
Minimum A Level's in English Literature and English Language
Professional qualifications eg ACII or working towards
Proven ability to draft wordings and clauses
Reading of contracts with attention to detail
Ability to negotiate
Understanding of wordings across the market for relevant lines of business
Accurate and numerate
Able to communicate effectively with others, both verbally and in writing
The ability to manage time, meet deadlines and prioritise
Computer skills – good working knowledge of MS Office and Excel skills
Team worker as well as working on own initiative
Proven experience in insurance industry
Extended knowledge of wordings/ regulatory guidelines
General commercial and financial knowledge
Nice to have:
Self-motivated, flexible and enthusiastic
Professional approach to successfully interact with managers/colleagues/external suppliers