At a Glance
- Tasks: Draft and manage insurance policy wordings while ensuring compliance and meeting business needs.
- Company: A growing Lloyd's syndicate with a commitment to diversity and inclusion.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Make a real impact in the insurance market while working with industry experts.
- Qualifications: Experience in the Lloyd's/London insurance market and proficiency in Microsoft Office.
- Other info: Opportunity for career growth and to influence best practices in documentation.
The predicted salary is between 36000 - 60000 Β£ per year.
Our client, a growing Lloyd's syndicate, seeks a Wordings specialist to draft, review, and manage insurance policy wordings, clauses, and endorsements to ensure legal and regulatory compliance while meeting key business needs. You will have a proven track record of working in the Lloyd's/London insurance market and will be proficient in the use of Microsoft Office and Business Intelligence tools.
Responsibilities
- Creating and uploading policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards
- Collaborating with Underwriters to provide workings advice, ensuring documents align with regulatory standards and market practice
- Ensuring all policy language is legally and regulatorily compliant and that documentation aligns with binding authority agreements
- Providing expert advice to underwriters and other departments on policy language, coverage, and potential risks
- Developing and maintaining libraries of approved template wordings and clauses
- Working closely with various parties to ensure consistent and accurate documentation
- Monitoring regulatory developments and market trends to inform policy drafting and advise on market practice
- Delivering training sessions and guidance to staff on best practices for wordings and documentation
Our client is committed to diversity in all of its forms and operates an inclusive recruitment process.
Wordings Specialist in London employer: Insight Recruitment Solutions Ltd
Contact Detail:
Insight Recruitment Solutions Ltd Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Wordings Specialist in London
β¨Tip Number 1
Network like a pro! Reach out to folks in the Lloyd's/London insurance market. Attend industry events or join online forums. The more connections we make, the better our chances of landing that Wordings Specialist role.
β¨Tip Number 2
Show off your skills! Create a portfolio showcasing your best work with policy wordings and endorsements. This will give potential employers a taste of what we can bring to the table.
β¨Tip Number 3
Prepare for interviews by brushing up on regulatory requirements and market trends. We want to demonstrate our knowledge and how we can help ensure compliance while meeting business needs.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Wordings Specialist in London
Some tips for your application π«‘
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in the Lloyd's/London insurance market. We want to see how your skills align with the role of a Wordings Specialist, so donβt hold back on showcasing relevant projects!
Showcase Your Expertise: When detailing your experience, focus on specific examples where you've drafted or reviewed policy wordings. We love seeing concrete achievements, so if youβve improved compliance or streamlined processes, let us know!
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, especially when it comes to complex topics like insurance policies. Use bullet points where possible to make your key skills pop!
Apply Through Our Website: We encourage you to submit your application directly through our website. Itβs the best way for us to receive your details and ensures youβre considered for the role. Plus, itβs super easy!
How to prepare for a job interview at Insight Recruitment Solutions Ltd
β¨Know Your Wordings Inside Out
Make sure youβre well-versed in the specific policy wordings, clauses, and endorsements relevant to the Lloyd's market. Brush up on recent regulatory changes and how they impact documentation. This will show your potential employer that youβre not just familiar with the basics but are also proactive about staying informed.
β¨Showcase Your Collaboration Skills
Since the role involves working closely with underwriters and other departments, be prepared to discuss examples of past collaborations. Highlight how youβve successfully communicated complex information and ensured compliance in previous roles. This will demonstrate your ability to work effectively in a team environment.
β¨Demonstrate Your Technical Proficiency
Familiarity with Microsoft Office and Business Intelligence tools is crucial. Be ready to talk about specific projects where you used these tools to enhance your work. If possible, bring examples of documents or reports you've created that showcase your skills.
β¨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific situations related to policy drafting and compliance. Think through potential scenarios in advance and prepare your responses. This will help you articulate your thought process and decision-making skills during the interview.