At a Glance
- Tasks: Draft, review, and negotiate insurance policy wordings with precision and expertise.
- Company: Leading insurer in the London market with a commitment to diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Join a dynamic team and represent at market committees and industry groups.
- Why this job: Shape the future of insurance documentation and make a real impact in the industry.
- Qualifications: In-depth knowledge of insurance contracts and excellent drafting skills required.
The predicted salary is between 60000 - 80000 £ per year.
Our client is a leading insurer in the London market and in this role you will play a pivotal role in shaping the quality and integrity of policy documentation across their Lloyd's platform. You will be the expert voice on insurance contracts - drafting, reviewing, negotiating and defending wordings to the highest standard.
Key responsibilities:
- Draft, review and negotiate policy wordings, clauses and summaries of cover
- Act as specialist referral point and coach for underwriting teams on wording matters
- Own wording negotiations from inception through to final agreement with brokers
- Liaise with underwriters and claims teams to support sound coverage decisions
- Ensure compliance with Lloyd's requirements, regulatory standards and internal governance
- Represent the team at market committees and industry working groups
Experience and skills required:
- In-depth knowledge of insurance contracts and London Market wordings practice
- Strong grasp of multi-jurisdictional regulatory requirements, including US surplus lines
- Experience engaging with Lloyd's and/or regulators
- Excellent drafting skills and meticulous attention to detail
- Confident communicator able to influence and build consensus at all levels
- Commercial mindset - able to balance legal requirements with business objectives
Our client is committed to diversity in all of its forms and operates an inclusive recruitment process.
Senior Wordings Specialist employer: Insight Recruitment Solutions Ltd
Contact Detail:
Insight Recruitment Solutions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Wordings Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who have experience with Lloyd's. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of policy wordings and regulatory standards. We recommend practising common interview questions related to drafting and negotiating contracts to showcase your expertise.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website for the best chance at landing that Senior Wordings Specialist role. We make it easy for you to showcase your skills and experience directly to employers looking for top talent like you!
We think you need these skills to ace Senior Wordings Specialist
Some tips for your application 🫡
Show Off Your Expertise: Make sure to highlight your in-depth knowledge of insurance contracts and London Market wordings practice. We want to see how your experience aligns with the role, so don’t hold back on showcasing your skills in drafting and negotiating policy wordings.
Be Detail-Oriented: Given the meticulous attention to detail required for this position, ensure your application is free from typos and errors. We appreciate a polished presentation, so take the time to proofread your documents before hitting send!
Communicate Clearly: As a confident communicator, your ability to influence and build consensus is key. Use your application to demonstrate how you’ve successfully engaged with stakeholders at all levels in the past. We love clear and concise communication!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. Don’t miss out on the chance to join our team!
How to prepare for a job interview at Insight Recruitment Solutions Ltd
✨Know Your Wordings Inside Out
Make sure you brush up on your knowledge of insurance contracts and London Market wordings. Familiarise yourself with the latest trends and regulatory requirements, especially those related to Lloyd's. This will not only help you answer questions confidently but also demonstrate your expertise.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific situations where you've had to draft, review, or negotiate policy wordings. Think of examples from your past experience that showcase your skills in these areas. Be ready to explain your thought process and how you achieved successful outcomes.
✨Showcase Your Communication Skills
As a Senior Wordings Specialist, you'll need to influence and build consensus. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few key points on how you've successfully communicated complex ideas to non-specialists in the past.
✨Demonstrate Your Commercial Mindset
Be prepared to discuss how you balance legal requirements with business objectives. Think of examples where you've made decisions that benefited both compliance and the company's bottom line. This will show that you understand the bigger picture and can contribute strategically.