At a Glance
- Tasks: Draft policy wordings and support underwriting teams in achieving business goals.
- Company: Beazley, a leading specialist insurance company with a collaborative culture.
- Benefits: Great perks like free lunch, commuting reimbursement, and parental leave.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Law degree preferred; strong communication and organisational skills required.
- Other info: Opportunities for career growth and professional development in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Job Title: Wordings Lawyer
Division: Specialty Risks
Reports To: As per Beazley’s organisation chart
Key Relationships: Business Management, Beazley Digital, Specialty Risks Underwriters, Compliance, Innovation and Product Development and all other relevant stakeholders
Job Summary:
Provide underwriting and wordings support to assigned Beazley Digital and Specialty Risks teams or focus groups and general support across Beazley Digital, Specialty Risks and other Beazley trading teams as necessary.
Who We Are
Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We employ over 2,500 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work in an adult environment that’s big on collaboration, diversity of thought & personal accountability.
Our three core values inspire the way we work and how we treat our people & customers – 1) Being bold 2) Striving for better 3) Doing the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious L&D & Sustainability targets are testament to this.
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.
Key Responsibilities
Wordings
- Primary focus is on drafting policy wordings and endorsements to support business/underwriting objectives of the assigned Beazley Digital and Specialty Risks teams/focus groups.
- Primary focus is to support the European Underwriters across Multi-Lines including Management Liability, Professional Liability – both large risk and mass risk
- Line manage direct reports.
- Assist with regulatory projects where there is wordings impact.
- Assist the focus groups in addressing coverage issues raised in the underwriting and negotiation process to assist in successful closing of business opportunities.
- Assist the focus groups in achieving sales and service goals by providing high quality and timely response to queries raised.
- Providing support and advice on underwriting, product development, and coverage issues.
- If qualified, review confidentiality agreements, warranty statements and other agreements as needed for US/UK/RoW Beazley Digital and Speciality Risks Underwriters in order to engage in the underwriting process.
- Assist Beazley Digital and Specialty Risks underwriters in addressing bespoke coverage requests; requires interaction with Brokers, Insureds, other key external stakeholders (e.g. external counsel).
- Support the trading team to facilitate an organised knowledge management and sharing process.
- Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to Compliance, Claims, Conduct Risk, UW Controls and Operations, Beazley Digital, Speciality Risks, Marketing and IT.
- Monitor competitive landscapes for the continuous improvement or wordings and underwriting controls.
- Participate in Team/Focus Group business planning, away days, broker/client meetings and other marketing events, as required and appropriate.
- Provide assistance with additional projects and/or legal services (if qualified) for Business Management, Beazley Digital, Specialty Risks or other Beazley teams, as needed.
- Monitor claims developments and impact of wording on claims.
General
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification
Education & Qualifications
- Law Degree preferred
- European Legal qualification preferred.
Skills & Abilities
- Organised and detailed oriented
- Computer skills – good working knowledge of MS office
- Ability to communicate effectively with others, both verbally and in writing
- Self-motivated team worker who is also able to work on own initiative
- Proven ability to manage time, meet deadlines, and prioritise
- Able to maintain standards and professionalism during periods of fluctuating workloads
Knowledge & Experience
- Relevant professional level experience required
- Insurance-related experience preferred
- Strong client service skills required
- Knowledge and experience of Professional and/or General Liability, Architects and Engineers or Healthcare.
Aptitude & Disposition
- Task-focused, self-motivated and flexible
- Consistently professional approach
- Able to successfully interact with managers/underwriters/colleagues/external suppliers
- Positive, enthusiastic and service oriented
Competencies
- Achievement orientation
- Analytical thinking
- Information seeking
- Customer focus
- Team working
- Initiative
- Problem solving
- Detail oriented
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Wordings Lawyer employer: Beazley
Contact Detail:
Beazley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Wordings Lawyer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Beazley. Attend events, join relevant groups on LinkedIn, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Beazley’s values and recent projects. Show us you’re not just another candidate; demonstrate how your skills align with our mission of providing beautifully designed insurance. Tailor your responses to reflect our core values: being bold, striving for better, and doing the right thing.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on articulating your experience with policy wordings and underwriting support, as these are key areas for the Wordings Lawyer role.
✨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 us you’re genuinely interested in joining the Beazley family. Keep an eye on our careers page for updates and new opportunities!
We think you need these skills to ace Wordings Lawyer
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Wordings Lawyer role. Highlight your relevant experience in drafting policy wordings and your understanding of the insurance industry. We want to see how you can bring value to our Beazley Digital and Specialty Risks teams!
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills align with our core values. Whether it’s being bold or striving for better, give us examples of how you've embodied these traits in your previous roles. We love a good story!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon unless it's relevant. We appreciate well-structured applications that are easy to read and understand.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure it gets into the right hands. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at Beazley
✨Know Your Wordings
Before the interview, brush up on your knowledge of policy wordings and endorsements. Beazley focuses heavily on drafting and regulatory projects, so being able to discuss specific examples of your experience in this area will show that you're a great fit for the role.
✨Understand the Culture
Familiarise yourself with Beazley's core values: Being Bold, Striving for Better, and Doing the Right Thing. During the interview, try to weave these values into your answers, demonstrating how you embody them in your work and interactions.
✨Prepare for Collaboration Questions
Since the role involves working closely with various teams, be ready to discuss your experience in collaborative environments. Think of specific instances where you successfully worked with underwriters, compliance teams, or external stakeholders to achieve a common goal.
✨Showcase Your Client Service Skills
Beazley places a strong emphasis on client service. Prepare to share examples of how you've provided exceptional service in previous roles, particularly in high-pressure situations. Highlight your ability to maintain professionalism and deliver fair outcomes for clients.