At a Glance
- Tasks: Lead product development discussions and draft innovative insurance wordings.
- Company: Dynamic insurance company focused on innovation and customer-centric solutions.
- Benefits: Permanent full-time role with competitive salary and a fun work culture.
- Other info: Opportunity for career growth in a collaborative and engaging environment.
- Why this job: Join a passionate team and make a real impact in the insurance industry.
- Qualifications: Experience in insurance product development and strong drafting skills required.
The predicted salary is between 56700 - 69300 £ per year.
The Products team plays a central role in developing and maintaining CFC's insurance product offerings. The team's core mission is to ensure that customers are placed at the forefront when drafting product language. We engage with stakeholders across the business to create, develop and upgrade our innovative and market-first product lines. Within the dynamic and ever-changing world of product development, each day comes with a new intriguing challenge, and to continue supporting the growth of CFC and the product portfolio, we are looking for a Senior Product Developer to join the team.
We are looking for someone that has extensive expertise and experience with the development of insurance product wordings. Having impeccable technical drafting abilities and the experience to effectively lead and drive product development discussions with Underwriting teams are critical for this role.
About the role
- Lead discussions to gather requirements for wordings projects and recommend practical solutions that are aligned with CFC's drafting conventions and product development principles.
- Draft all product related documents of all levels of complexity.
- Understand underwriter requirements from a product offering, customer and broker relationship standpoint and incorporate these into product development projects so that the final product output is representative of meeting these needs.
- Provide support and assistance to technical drafting queries from other team members, and guidance on how to draft language to meet requirement of complex coverage scenarios.
- Maintain intricate version control and records management for all product documents.
- Ensure that product enquiries are responded to within the prescribed timeframe and that time tracking processes are appropriately followed.
- Process management of the development and delivery of new product initiatives and product version upgrades from initial concept to final release within the prescribed timeframe.
- Work with the systems development team to achieve successful system integration of new product initiatives and product version upgrades.
- Relationship managing the communication between the Products team and Underwriting teams and other key stakeholders throughout the business in respect of the progress and release of new product initiatives and product version upgrades.
- Apply practical considerations towards the FCA Consumer Duty into the product development process, taking into consideration best practices on how these are to be incorporated as part of technical wording discussions with underwriters.
About you
We are looking for someone with Wordings experience in an equivalent role, or contracts/product development experience obtained from a background in claims, Fintech or law. You will have working knowledge of insurance product requirements and a strong understanding of, and experience in, developing commercial or personal lines insurance products.
As a subject matter expert on CFC's comprehensive product suite, you will be solutions-oriented in your approach, with the ability to dissect complex issues to reach practical solutions to present back to stakeholders. You will be able to clearly map out complex coverage processes to provide a simple means of establishing underwriting intent and be able to clearly articulate drafting rationale in reference to product development principles.
Outstanding accuracy and attention to detail are crucial in this role, which will be evident in your ability to accurately draft policy wordings, endorsements and ancillary documents of all levels of complexity. Stakeholder manager skills, paired with strong communication, time management and organisational abilities, will ensure the smooth end-to-end delivery of product initiatives.
Core Values
- Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
- Challenge everything: We're never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
- Have fun, be good: Insurance is a serious business, but we don't take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
Senior Product Developer (Wordings) | London, UK employer: CFC
CFC is an exceptional employer that prioritises the employee experience, offering a dynamic work culture in the heart of London. With a strong focus on professional development and continuous improvement, employees are encouraged to grow their skills and advance their careers while enjoying a supportive environment that values communication and collaboration. The unique advantages of working in London include access to a vibrant city life and networking opportunities that enhance both personal and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Product Developer (Wordings) | London, UK
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like CFC). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like CFC. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Product Developer (Wordings) | London, UK
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 CFC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at CFC. 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 CFC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at CFC 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 CFC, 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 CFC'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.
