At a Glance
- Tasks: Review and validate insurance wordings, ensuring accuracy and compliance.
- Company: Dynamic insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Collaborative environment with potential for career advancement.
- Why this job: Join a team that shapes the future of insurance with your expertise.
- Qualifications: Strong understanding of commercial property insurance and attention to detail.
The predicted salary is between 45000 - 55000 £ per year.
- Conduct Second Pair of Eyes (SPOE) reviews of wordings drafted by junior Wordings Technicians.
- Review and validate Terrorism, Political Violence and Crisis Management / Active Assailant wordings.
- Assist with drafting renewal wordings, endorsements and amendments for International Property (Rest of World) and North American Property teams.
- Draft bespoke clauses and extensions on an as-needed basis to address client, broker or underwriter requirements.
- Review Property ROW and NAP wordings against drafted Market Reform Contracts (MRCs) to ensure the wording and MRC are fully aligned, including limits, sublimits, deductibles, conditions, exclusions, extensions and endorsements.
- Your Responsibilities
- Conduct Second Pair of Eyes (SPOE) reviews of wordings drafted by junior Wordings Technicians.
- Review and validate Terrorism, Political Violence and Crisis Management / Active Assailant wordings.
- Assist with drafting renewal wordings, endorsements and amendments for International Property (Rest of World) and North American Property teams.
- Draft bespoke clauses and extensions on an as-needed basis to address client, broker or underwriter requirements.
- Review Property ROW and NAP wordings against drafted Market Reform Contracts (MRCs) to ensure the wording and MRC are fully aligned, including limits, sublimits, deductibles, conditions, exclusions, extensions and endorsements.
- Coverage Analysis & Comparisons
- Conduct technical wording reviews for the UK Retail Team.
- Prepare wording comparisons where a client is considering moving from one market wording to another.
- Identify differences in coverage, definitions, exclusions, extensions, deductibles, sublimits and policy triggers.
- Provide clear, practical summaries of coverage enhancements, restrictions and points requiring broker or underwriter clarification.
- Quality Assurance, Tracking & Reporting
- Maintain and update the manual wording tracker spreadsheet, including wordings drafted, issued, returned and outstanding.
- Produce weekly reports for Property ROW and NAP teams showing overdue wordings and documentation not yet returned to the Wordings Team.
- Escalate overdue or unresolved items where required to maintain workflow discipline and audit trail integrity.
- Support good file governance by ensuring wording activity and status updates are accurately recorded.
- Market, Team & Technical Support
- Attend weekly NAP and Terrorism meetings.
- Report back to the relevant teams on wording issues, underwriter queries, new clauses, emerging market practice and significant Lloyd's / LMA clause developments.
- Assist with ad hoc wording reviews for new Property ROW and NAP accounts.
- Act as a technical wording resource to brokers and producers, providing concise and commercially practical feedback.
Qualifications
- Strong understanding of commercial property insurance, business interruption, Terrorism, Political Violence and Crisis Management / Active Assailant wordings; familiarity with London Market and Lloyd's structures; ability to interpret MRCs and policy documentation.
- Experience reviewing, drafting or amending policy wordings, endorsements, extensions, exclusions and manuscript clauses with a high level of accuracy.
- Ability to identify gaps, inconsistencies and ambiguity between wording, MRC and placement intent, and to propose practical solutions.
- Strong attention to detail and confidence conducting SPOE reviews of junior team members' work.
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Wordings Technician - 12 month FTC employer: Lockton
Join a dynamic and innovative company that prioritises employee growth and development, particularly in the role of IT Application Development Manager. With a strong focus on modernisation and cloud-native solutions, you will thrive in a collaborative work culture that encourages creativity and forward-thinking. Located in a vibrant tech hub, the company offers competitive benefits, a commitment to work-life balance, and unique opportunities to lead transformative projects that shape the future of technology.
StudySmarter Expert Advice🤫
We think this is how you could land Wordings Technician - 12 month FTC
✨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 Lockton). 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 Lockton. 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 Wordings Technician - 12 month FTC
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 Lockton.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lockton. 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 Lockton
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lockton 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 Lockton, 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 Lockton'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.
