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- Tasks: Draft and negotiate reinsurance contracts while ensuring clarity and accuracy.
- Company: Innovative reinsurance firm challenging industry norms.
- Benefits: Flexible work-from-anywhere policy, equity options, and comprehensive employee benefits.
- Other info: Dynamic environment with opportunities for creativity and ownership.
- Why this job: Join a collaborative team and make a real impact in the reinsurance industry.
- Qualifications: 7+ years in reinsurance contract drafting with strong analytical skills.
The predicted salary is between 70000 - 90000 £ per year.
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 finalizing 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 (UK based) employer: Augment Risk
Contact Detail:
Augment Risk Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Partner - Wordings Specialist (UK based)
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and join relevant online groups. The more people you know, the better your chances of landing that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand their values and how you can contribute. This will help you stand out and show you're genuinely interested in joining the team.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the role. A confident and clear presentation of your skills can make all the difference in an interview.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Associate Partner - Wordings Specialist (UK based)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Associate Partner role. Highlight your experience in reinsurance contract drafting and how it aligns with our innovative approach at Augment.
Show Off Your Skills: Don’t hold back on showcasing your exceptional drafting accuracy and analytical skills. We want to see how you can blend technical expertise with collaborative problem-solving in your application.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language to demonstrate your excellent written communication skills, as this is crucial for the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity at Augment!
How to prepare for a job interview at Augment Risk
✨Know Your Wordings Inside Out
Before the interview, make sure you thoroughly understand reinsurance contract wordings. Familiarise yourself with common terms and structures, especially those mentioned in the job description. This will not only help you answer questions confidently but also demonstrate your expertise in drafting and negotiating.
✨Showcase Your Collaborative Spirit
Since the role involves working closely with brokers, legal teams, and other stakeholders, be prepared to discuss examples of how you've successfully collaborated in the past. Highlight your ability to solve problems as a team and how you’ve contributed to achieving common goals.
✨Prepare for Technical Questions
Expect technical questions related to reinsurance structures and contract interpretation. Brush up on your knowledge of quota share, excess of loss, and facultative contracts. Being able to explain how contract language impacts claims and operational processes will set you apart.
✨Demonstrate Your Adaptability
With a work-from-anywhere approach, it’s crucial to show that you can manage multiple documentation streams independently. Share experiences where you’ve adapted to changing circumstances or worked under pressure, showcasing your organisational skills and flexibility.