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- Tasks: Lead the drafting and negotiation of complex reinsurance contracts while driving operational excellence.
- Company: Join Willis Re, a forward-thinking company focused on innovative reinsurance solutions.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Make a real impact in the reinsurance industry with your expertise and strategic mindset.
- Qualifications: Experience in treaty reinsurance wordings and strong negotiation skills required.
- Other info: Be part of a team that values excellence and continuous improvement.
The predicted salary is between 48000 - 72000 £ per year.
The RoleThe Wordings Specialist will lead drafting, negotiation and governance of treaty reinsurance and retrocession contracts. With deep technical expertise and a strategic mindset, you will serve as the primary advisor to brokers, clients and legal teams on complex reinsurance wordings. You’ll lead initiatives to improve consistency, drive operational excellence, and ensure contracts align with business objectives and evolving regulatory landscapes. This role location is open to either London or Ipswich.Key ResponsibilitiesLead the negotiation and drafting of bespoke, complex treaty reinsurance wordings.Act as a centre of excellence for treaty wordings, setting standards and best practices across the organisation.Support future recruitment of Reinsurance Treaty Wording Specialists to build a team of skilled individuals in line with business requirements.Represent the company at industry forums, regulatory consultations, and LMA working groups as appropriate.Manage stakeholder engagement across production, placement support, claims, legal and compliance.Own and maintain a repository of templates and clauses to ensure consistency of standards across lines of business and territories.Monitor legal and market developments, assess impact, and embed regulatory requirements in wordings strategy.Drive continuous improvement initiatives throughout the contract lifecycle.Comfortable working in a fast-paced, dynamic environmentCommitted to maintaining high standards and fostering a culture of excellenceAbout YouProven experience in treaty reinsurance wordings within the London Market and Internationally. This could be from working for a reinsurance broker or underwriter.Proven ability to lead negotiations and drive contract certainty in cross-border and multi-class programs.Ability to produce bespoke treaty reinsurance wordings from scratch.Ability to analyse existing or renewal wordings and make recommendations for improvement and identify any gaps in coverage and potential solutions by applying real claims scenarios.Strong knowledge of regulatory frameworks (including FCA requirements), and contract law.Meticulous attention to detail coupled with commercial awareness.Strong verbal and written communication skillsStrong stakeholder management and interpersonal skillsAbility to motivate teams to deliver high-performance resultsAbout Willis ReWe combine specialist broking with analytics, modeling and research to help insurers optimize risk transfer, strengthen balance sheets and achieve sustainable growth. Our approach is relationship-driven, transparent and outcome-focused.At the heart of Willis Re is a focus on delivering the most cutting-edge analytical solutions to enable more informed, better decision-making for risk selection, portfolio optimization, and capital management.The launch of Willis Re brings a strategic advantage of being unhindered by legacy, an ability to leverage data, statistical models and advanced technologies with the best knowledge and expertise to deliver more efficient and effective reinsurance outcomes. This places Willis Re in a unique position to build a truly analytically driven business, focused on creating solutions for the reinsurance industry that are future led and forward thinking.Willis Re will also leverage recognized technical expertise from WTW’s Insurance Consulting & Technology business including their advanced modeling and analytical capabilities. Alongside this will be WTW’s Research Network, an award-winning business supporting and influencing science to improve the understanding and quantification of risk.#willisrecareers
Wordings Specialist employer: LinkedIn
Contact Detail:
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StudySmarter Expert Advice 🤫
We think this is how you could land Wordings Specialist
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. The more people you know, the better your chances of hearing about job openings before they even hit the market.
✨Tip Number 2
Show off your expertise! Prepare a portfolio showcasing your best work in treaty reinsurance wordings. When you get the chance to chat with potential employers, having tangible examples will set you apart from the crowd.
✨Tip Number 3
Practice makes perfect! Get a friend or mentor to do mock interviews with you. This will help you refine your answers and boost your confidence when it’s time to impress the hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talented individuals like you. Plus, applying directly can sometimes give you an edge over other candidates.
We think you need these skills to ace Wordings Specialist
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Wordings Specialist role. Highlight your experience in treaty reinsurance wordings and any relevant achievements that align with the job description. We want to see how you can bring your unique skills to our team!
Showcase Your Expertise: Don’t hold back on demonstrating your technical knowledge and strategic mindset. Use specific examples from your past work to illustrate how you've led negotiations or improved contract processes. This is your chance to shine, so let us know what you’re capable of!
Be Clear and Concise: When writing your application, clarity is key! Keep your language straightforward and avoid jargon unless it’s necessary. We appreciate a well-structured application that gets straight to the point while still showcasing your personality.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be good to go!
How to prepare for a job interview at LinkedIn
✨Know Your Wordings Inside Out
Before the interview, make sure you’re well-versed in treaty reinsurance wordings. Brush up on your knowledge of bespoke contracts and be ready to discuss specific examples from your experience. This will show that you have the technical expertise they’re looking for.
✨Showcase Your Negotiation Skills
Prepare to talk about your negotiation experiences. Think of a few challenging situations where you successfully led negotiations. Highlight how you drove contract certainty and what strategies you used to overcome obstacles. This will demonstrate your ability to handle complex discussions.
✨Understand Regulatory Frameworks
Familiarise yourself with the relevant regulatory frameworks, especially FCA requirements. Be prepared to discuss how these regulations impact treaty wordings and how you’ve adapted to changes in the past. This shows you’re not just technically skilled but also aware of the broader landscape.
✨Engage with Stakeholders
Think about your experiences managing stakeholder engagement. Be ready to share examples of how you’ve collaborated with different teams, such as legal and compliance, to ensure alignment on wordings. This will highlight your interpersonal skills and ability to work in a dynamic environment.