At a Glance
- Tasks: Join a dynamic team to analyse and draft insurance contracts while collaborating with global stakeholders.
- Company: AXA XL, a leader in innovative risk solutions and inclusive workplace culture.
- Benefits: Competitive pay, flexible working, and a commitment to your personal and professional growth.
- Why this job: Make a real impact by shaping insurance products and enhancing your wordings expertise.
- Qualifications: Passion for writing, analytical skills, and a foundational understanding of insurance law.
- Other info: Inclusive culture with opportunities for career advancement and sustainability initiatives.
The predicted salary is between 36000 - 60000 ÂŁ per year.
The wordings team servicing UK & Lloyds seeks a Wordings Analyst to join us. You will be an integral part of the team, part of a wider Global Wordings function within Global Litigation, supporting underwriters across all product lines covering a wide range of complex risks. You will have the opportunity to grow your wordings skillset and set AXA XL apart by demonstrating your technical drafting skills and advisory services to underwriters, their clients and brokers.
What you’ll be doing
- Teamwork & Collaboration: Work closely with colleagues across the Global Wordings team, the wider Legal function, Claims, Compliance, and Conduct Risk to meet team goals, service standards, and internal projects. Maintain clear communication with underwriting teams to understand their needs. Contribute towards our safe and inclusive value-based culture with a sense of team spirit and purpose.
- Create & Innovate: Collaborate with stakeholders to create and refine insurance products, leading innovation for AXA XL. Translate underwriting intent into cover with limited supervision.
- Training & Development: Share best practices across the business, support presentations to underwriting teams, and provide technical wording advice pre- and post-bind. Supported by the wider wordings team, proactively identify gaps and grow your wordings skillset.
- Analysis & Review: Support underwriters and fellow wordings personnel in the review of wordings and clauses of every type, explaining to underwriters and other stakeholders their implications and wording risk. Support the timely delivery of commercial outcomes for the issues presented.
- Governance & Contract Certainty: Ensure contractual clarity and adherence to governance principles when reviewing and advising on contractual terms in line with Underwriting, Legal, Risk, Compliance, and regulatory standards.
- External Engagement: Support AXA XL representation in wording discussions and negotiations with brokers and clients, ensuring technical and commercial elements are aligned.
- Technology & Innovation: Embrace new contract analytics tools and manage contract management systems, seeking opportunities for process improvement.
- Leadership & Mentoring: Demonstrate role‑model behaviours and support continuous improvement initiatives. Plan and self‑manage your workload, adhering to deadlines and competing priorities.
What you’ll bring
- An enthusiasm for wordings, an affinity with written English and evidence of the technical facility to draft insurance contract language, coupled with a foundational understanding of insurance law concepts. Applications from candidates with a legal, underwriting or claims background are welcome.
- The ability to interpret and analyse insurance clauses and requests, creating with limited support clear, robust wording solutions from existing material, always with our customers in mind.
- The willingness to present and discuss with support wording solutions face‑to‑face and in writing with underwriters, brokers, and peers.
- An understanding of insurance, legal, and compliance needs across different classes, and an awareness of standard clauses and market practices.
- Capable of planning and managing workload independently under pressure, meeting deadlines and juggling priorities.
- Analytical and critical thinking skills, with a grasp of how insurance products are constructed and operate in the real world.
- Excellent interpersonal skills to interrogate coverage concepts and explore abstract policy ideas.
- Desirable: ACII qualification, legal qualification, and experience with contract analytics technology.
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.
- 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.
- Sustainability: At AXA XL, Sustainability is integral to our business strategy. Our 2023‑26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
For more information, please see axaxl.com/sustainability.
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Wordings/Contracts Analyst employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Wordings/Contracts Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at AXA XL. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to wordings and contracts. Think about how your skills align with what AXA XL is looking for, and be ready to showcase your drafting prowess!
✨Tip Number 3
Show off your enthusiasm for wordings! During interviews, share examples of how you've tackled complex wording challenges in the past. This will demonstrate your passion and expertise.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at AXA XL.
We think you need these skills to ace Wordings/Contracts Analyst
Some tips for your application 🫡
Show Your Passion for Wordings: When you’re writing your application, let your enthusiasm for wordings shine through! Share any relevant experiences or projects that highlight your affinity with written English and your knack for drafting insurance contract language.
Tailor Your Application: Make sure to customise your application to reflect the specific skills and experiences mentioned in the job description. Highlight your understanding of insurance law concepts and how they relate to the role of a Wordings Analyst at AXA XL.
Be Clear and Concise: In your written application, clarity is key! Use straightforward language and structure your thoughts logically. This will not only showcase your communication skills but also demonstrate your ability to create clear and robust wording solutions.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. 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
Before the interview, brush up on your understanding of insurance contract language and common clauses. Familiarise yourself with the specific wordings used in the industry, especially those relevant to AXA XL. This will not only show your enthusiasm for the role but also demonstrate your technical drafting skills.
✨Showcase Your Team Spirit
Since teamwork is crucial for this position, be prepared to discuss examples of how you've collaborated with others in previous roles. Highlight any experiences where you contributed to a team goal or helped resolve conflicts, as this will resonate well with the interviewers.
✨Prepare for Technical Questions
Expect questions that test your analytical and critical thinking skills regarding insurance clauses. Practice explaining complex concepts in simple terms, as you'll need to communicate effectively with underwriters and brokers. Being able to articulate your thought process will set you apart.
✨Embrace Innovation
AXA XL values technology and innovation, so be ready to discuss any experience you have with contract analytics tools or process improvements. Share ideas on how you could leverage technology to enhance wordings and improve efficiency within the team.