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For Companies At a Glance
- Tasks: Analyse and create innovative insurance products while collaborating with a dynamic team.
- Company: Join AXA XL, a leader in solving complex risks with a focus on inclusivity.
- Benefits: Enjoy competitive pay, flexible working, and a commitment to your personal growth.
- Why this job: Make a real impact by shaping the future of insurance with your drafting skills.
- Qualifications: Strong analytical skills and experience in (re)insurance wordings are essential.
- Other info: Be part of a culture that values diversity and sustainability.
The predicted salary is between 36000 - 60000 £ per year.
Our Global Wordings team has an exciting opportunity for an ambitious and adaptable individual to join them as a Wordings Specialist. You will be an integral part of the team and the wider Legal department supporting the underwriting business across all product lines covering a wide variety of complex risks. You will have the opportunity to demonstrate your technical drafting skills and advisory services to the underwriters, their clients and brokers in order to provide a service differentiator for AXA XL.
What you'll be doing
- Analysing – reviewing our existing products, new products and those of our competitors, including analysis and explanation of individual clauses right through to entire product wordings, always with a focus on delivering a timely and commercial solution to any issue raised.
- Creating & Innovating – working closely with key stakeholders to build new insurance products from scratch or refine or expand existing products, leading innovation for the AXA XL brand.
- Teamwork – collaborating with colleagues across the Wordings team, the wider Legal Department and beyond (Claims, Compliance, Conduct Risk) in order to deliver on team goals, service delivery requirements and internal projects.
- Training and Developing – sharing best practice solutions across the wider business and more junior wordings colleagues, delivering presentations to underwriting teams, providing pre-bind and post-bind technical wording advice.
- Supporting underwriters in achieving underwriting discipline both through coverage analysis and offering robust and clear wording solutions and highlighting potential coverage exposure to emerging risks.
- Governance and Contracts Certainty – ensuring contract certainty and adhering to governance principles in reviewing, managing, and advising on contractual terms in accordance with underwriting, legal, risk, compliance and regulatory standards and requirements.
- Collaboration – working closely with key stakeholders to deliver a fast, efficient, and high-quality service to our internal underwriting partners always prioritizing the needs of our internal stakeholders. Keeping clear and regular communication with the underwriting teams, understanding their business, needs and demands is key.
You will report to a Wordings Manager.
What you'll bring
We're looking for someone who has these abilities and skills:
- Ability to interpret and analyse (re)insurance clause and/or wording requests and to satisfy these by drafting your own (re)insurance clauses and wordings from scratch in a clear and robust manner (in English).
- Confidence to deliver your own wording solutions to underwriters, brokers and peers both in writing and face to face.
- A comprehensive understanding of what the business, legal and compliance needs are for individual insurance classes.
- An ability to plan and manage workload and work under pressure whilst adhering to deadlines and competing priorities.
- An ability to work both as part of a team and independently with little or no supervision and to exercise independent judgement.
- Demonstrable wordings experience and proven record of working in depth with (re)insurance wordings.
- Analytical and critical thinking, technical proficiency of the underwriting function and robust interpersonal skills.
- An ability to interrogate and explore complex and abstract concepts relevant to policy coverage.
- An understanding of how insurance products are constructed and perform in the real world.
Desired Skills and Abilities
- An in-depth understanding of standard clauses used in the market and class-specific wording structures.
- Experience in the use of contract analytics technology tools.
- ACII or legally qualified or working towards qualification.
What we offer
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture allows business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
Total Rewards
AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do. We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future.
Wordings/Contracts Specialist in London employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Wordings/Contracts Specialist in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their wordings and contracts inside out so you can impress them with your knowledge and insights during the chat.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the role of a Wordings Specialist. Highlight your drafting experience and how you can add value to their team.
✨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, it shows you’re serious about joining the team!
We think you need these skills to ace Wordings/Contracts Specialist in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Wordings Specialist role. Highlight your relevant experience in drafting and analysing insurance clauses, and show how your skills align with what we’re looking for.
Showcase Your Technical Skills: Don’t shy away from demonstrating your technical drafting skills. Include examples of complex wordings you’ve worked on and how you’ve provided solutions to underwriting challenges. We want to see your expertise shine!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language to explain your experience and how it relates to the role. We appreciate clarity, especially in a field that deals with complex risks.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at AXA XL
✨Know Your Wordings Inside Out
Before the interview, make sure you thoroughly understand the key clauses and wordings relevant to the role. Familiarise yourself with both AXA XL's products and those of competitors. This will not only help you answer questions confidently but also demonstrate your analytical skills.
✨Showcase Your Drafting Skills
Be prepared to discuss your drafting experience in detail. Bring examples of your work that highlight your ability to create clear and robust insurance clauses. If possible, practice explaining your thought process behind these drafts, as this will show your technical proficiency.
✨Emphasise Team Collaboration
Since teamwork is crucial for this role, think of examples where you've successfully collaborated with others. Be ready to discuss how you’ve worked with underwriters, brokers, or legal teams to deliver effective solutions. This will illustrate your ability to work well within a team environment.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare insightful questions about the team dynamics, ongoing projects, or how they measure success in the Wordings department. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
