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For Companies At a Glance
- Tasks: Draft and negotiate reinsurance contracts while collaborating with a talented team.
- Company: Join Augment Risk, a forward-thinking reinsurance intermediary.
- Benefits: Flexible remote work, equity options, and comprehensive employee benefits.
- Why this job: Be part of an innovative team that challenges industry norms and drives real change.
- Qualifications: 7+ years in reinsurance contract drafting and strong analytical skills.
- Other info: Enjoy a collaborative environment with opportunities for personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Location: UK / remote
Position type: Full-Time
Reports to: Associate Partner- Captive Client Solutions & Contract Wording
About Augment Risk
Augment Risk is a capital-first reinsurance intermediary. We structure tailored reinsurance and capital solutions that drive growth, preserve margin and unlock value. Our model bridges traditional boundaries, geographic, product, and structural, allowing us to align with client strategy, not just place risk.
The Role
Augment is seeking a Reinsurance Contracts & Wording Specialist to own and drive reinsurance contract/slip wording from submission through execution. This person will be a primary resource for drafting, reviewing, negotiating, and finalising reinsurance wordings (treaty and/or facultative), ensuring that Augment’s innovative deal structures are translated into clear, accurate, and commercially aligned agreements. In this role, you will support the development of contract certainty, provide clarity across multi-jurisdictional wordings, and help guide clients through the claims process with confidence and care. You will blend technical drafting expertise with collaborative problem-solving to support efficient, consistent delivery across the deal lifecycle.
Key Responsibilities
- Draft, negotiate, and refine quota share, excess of loss, aggregate, stop loss and facultative (as applicable) reinsurance contracts, slips, I&L agreements, clauses, endorsements, and related documents with legal and commercial precision to ensure contract wording reflects the intent of the negotiations.
- Embed wordings early in the placement lifecycle to remove friction, reduce rework, and accelerate market closure.
- Lead or support global claims processes including notification, investigation, negotiation, and settlement.
- Collaborate with brokers, legal teams, Technical Accounting, and analytics to align contract terms with operational realities.
- Work with broker, wordings and legal colleagues to refine wordings, interpret policy language, resolve contract issues, and establish best practices.
- Enhance Augment’s clause library and contribute to continuous improvement in contract structure and defensibility.
Experience
- Exceptional drafting accuracy and analytical rigor.
- Demonstrated knowledge of reinsurance structures and how contract language impacts claims, accounting, and operational processes.
- Strong command of contract interpretation and clause mechanics; ability to spot inconsistencies across placement documents.
- Excellent written communication skills with high competence in technical reading, writing and communicating in the US and UK.
- Experience with common market forms and documentation practices.
- Strong legal and regulatory awareness across relevant jurisdictions.
- Ability to independently manage multiple concurrent documentation streams with precision.
- Solid understanding of P&C insurance.
- Collaborative and learning mindset.
Requirements
- 7+ years’ experience in reinsurance contract drafting.
- Experience in handling complex (re)insurance claims.
- Experience in a broker, MGA, carrier, or reinsurer environment.
- Exposure to parametric contract wordings a plus.
Why Work For Us
- We will provide you with the opportunity to be inventive and innovative, we love challenging industry norms.
- You will work in a multi-disciplinary environment, collaborating closely with talented individuals within a flat structure.
- You will be trusted and encouraged to take ownership and accountability.
- We adopt a work from anywhere approach. Our colleagues and clients are globally distributed which means flexibility is key to delivering great client outcomes, and that’s what matters to us.
- We believe in rewarding success, and we want everyone to share in the value we create – therefore, all our employees are offered equity.
- We look after our people and their loved ones. Our employee benefits are designed with that in mind.
Associate Partner - Wordings Specialist employer: Augment Risk
Contact Detail:
Augment Risk Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Partner - Wordings Specialist
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or through professional groups. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We want you to show how your skills align with their values, so think about examples from your experience that highlight your fit.
✨Tip Number 3
Practice your pitch! You should be able to clearly explain your background and what you bring to the table in just a few minutes. Keep it concise and engaging.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive!
We think you need these skills to ace Associate Partner - Wordings Specialist
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Associate Partner - Wordings Specialist role. Highlight your experience in reinsurance contract drafting and how it aligns with our innovative approach at Augment Risk.
Show Off Your Skills: We want to see your exceptional drafting accuracy and analytical skills shine through. Use specific examples from your past work to demonstrate how you've tackled complex reinsurance contracts and claims.
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate well-structured documents that reflect your strong command of written communication, especially in technical contexts.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity at Augment Risk.
How to prepare for a job interview at Augment Risk
✨Know Your Wordings Inside Out
Before the interview, make sure you’re familiar with various reinsurance contract types and their specific wording. Brush up on quota share, excess of loss, and facultative contracts. Being able to discuss these confidently will show that you have the technical expertise they’re looking for.
✨Showcase Your Collaborative Spirit
Since the role involves working closely with brokers, legal teams, and clients, be prepared to share examples of how you've successfully collaborated in the past. Highlight your problem-solving skills and how you’ve navigated complex situations to achieve a common goal.
✨Demonstrate Your Attention to Detail
Given the importance of drafting accuracy, come ready to discuss how you ensure precision in your work. You might even want to bring along a sample of your previous work (if permitted) to illustrate your drafting style and attention to detail.
✨Understand Their Culture and Values
Research Augment Risk’s approach to innovation and client outcomes. Be ready to discuss how your values align with theirs, especially regarding flexibility and ownership. Showing that you resonate with their culture can set you apart from other candidates.
