At a Glance
- Tasks: Collaborate with teams to create and refine insurance products while providing technical drafting support.
- Company: Join AXA XL, a leader in the insurance industry with a focus on innovation.
- Benefits: Enjoy competitive pay, health benefits, and opportunities for professional growth.
- Other info: Dynamic work environment with mentorship opportunities and career advancement.
- Why this job: Make a real impact by shaping insurance products and working with diverse teams.
- Qualifications: Experience in insurance wordings and strong drafting skills are essential.
The predicted salary is between 60000 - 75000 £ per year.
About the role
The Risk Managed department, within the Retail division of UK & Lloyds seeks an experienced Wordings Specialist to join us. You will be an integral part of the team, working in close collaboration with the wider UKL wordings function, supporting underwriters predominately in the P&C products but with scope for other product lines, covering a wide range of complex risks. You will have the opportunity to 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 underwriting division along with the wider UK wordings team, 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.
- Training & Development: Share best practices across the business, present to underwriting teams, and provide technical wording advice pre‑ and post‑bind.
- Analysis & Review: Support underwriters in the review of wordings and clauses of every type, explaining to underwriters and other stakeholders their implications and wording risk, and delivering timely, high‑quality solutions to 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: Represent AXA XL 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: Plan and self‑manage workload, adhering to deadlines and competing priorities. Be a role model, coach junior staff and support continuous improvement initiatives.
You will report to the Risk Managed Underwriting for UK & Lloyds.
What you’ll bring
- Proven experience working in depth with (re)insurance wordings, demonstrating first‑class technical drafting skills in English and a comprehensive understanding of insurance law concepts. Applications from candidates with a legal, underwriting or claims background are welcome.
- The ability to interpret and analyse complex insurance clauses and requests, creating clear, robust wording solutions from scratch or via existing templates, always with our customers in mind.
- The confidence to present and discuss wording solutions face‑to‑face and in writing with underwriters, brokers, and peers.
- A robust understanding of insurance, legal, and compliance needs across different classes, and knowledge 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 good grasp of how insurance products are constructed and operate in the real world.
- Excellent interpersonal skills to interrogate complex coverage concepts and explore abstract policy ideas.
- Desirable: ACII qualification, legal qualification, and experience with contract analytics technology.
Benefits
AXA XL’s Reward program includes competitive compensation and a range of health, wellbeing, lifestyle and financial security benefits. We are committed to rewarding your contributions for the long term and supporting your professional growth. AXA XL is an Equal Opportunity Employer.
Wordings Specialist - Retail Underwriting employer: AXA XL
AXA XL is an exceptional employer, offering a collaborative and inclusive work culture that values teamwork and innovation. As a Wordings Specialist in the Retail Underwriting team, you will benefit from competitive compensation, comprehensive health and wellbeing programmes, and ample opportunities for professional development. With a focus on employee growth and a commitment to excellence, AXA XL empowers its staff to thrive in a dynamic environment while making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Wordings Specialist - Retail Underwriting
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We think you need these skills to ace Wordings Specialist - Retail Underwriting
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXA XL.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA XL. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXA XL
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA XL to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXA XL, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXA XL's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
