At a Glance
- Tasks: Support underwriters by providing technical assistance and advice on insurance wordings.
- Company: Join Markel, a global leader in insurance with a collaborative culture.
- Benefits: Competitive salary, annual bonus, and opportunities for professional growth.
- Other info: Be part of a Fortune 500 company with a focus on innovation and teamwork.
- Why this job: Make a meaningful impact in the insurance industry while working with a dynamic team.
- Qualifications: Knowledge of insurance terminology and experience in policy drafting required.
The predicted salary is between 30000 - 40000 € per year.
Overview
Looking for a role that will have a meaningful impact on Contract Wordings? We are looking for an individual to work closely with our Underwriters and support functions to provide technical assistance to underwriters in the delivery of their business plans.
What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special!
The opportunity:
We have an excellent opportunity within our Wordings Team for a Contract Wordings Technician specifically supporting the Markel UK division. The role will report into our Head of Technical Wordings and will work closely with a team of experienced policy wording drafters supporting insurance products across the distribution channels of open market, direct to customer and delegated authority. This is a UK retail insurance focused role and sits within a wider wordings team that handles wordings across all of Markel International, including our London Market, APAC, European, and Canadian operations. The role will have a dotted line into the UK Director of Underwriting and will be expected to work with Markel UK’s underwriters and leadership, drawing on the wider International Technical Wordings Team, to deliver wordings support, including on cross divisional projects. The Technical Wordings Team reports into the Chief Underwriting Officer as part of the Underwriting Strategy and Performance department. This department sits within Markel International’s Corporate Management team, with responsibility for the Performance, Risk, Technical Underwriting, Oversight, Governance, Customer Outcomes and Reinsurance Placement for all underwriting divisions that are part of Markel International. The purpose and mission are to enable profitable underwriting through portfolio optimisation and fostering strategic partnerships internationally, while establishing clear frameworks that deliver insights, support underwriting decisions and seeing opportunities.
What you’ll be doing:
- Providing reviews and advice on various retail open market wordings and products including Markel UK products, Binding Authorities, Cover-holder and broker wordings.
- Work with other team members to provide visibility of workloads and the timely delivery of service to underwriters on wording matters.
- Developing and delivering advice to underwriters on wording related issues and including emerging market, regulatory or legal trends that impact product wording where required.
- To ensure the central wording repository is accurately maintained and keep records and reports relating to wording matters.
- Ensure wordings follow applicable legal and regulatory requirements.
- Ability to explain sophisticated and technical topics in an approachable and accessible way for both internal and external stakeholders.
- Post bind thematic reviews of product lines.
Our must-haves:
- Knowledge of retail and direct to customer open market insurance business, markets and general insurance related terminology.
- Experience and deep knowledge of FCA requirements around policy wordings, FOS outcomes, customer insurance documentation, IPIDs, Consumer Duty, and conduct risk.
- Experience of collaborating with senior management, senior stakeholders and boards/committees.
- Strong interpersonal and people management skills, ability to drive consensus and negotiations.
- Project management capability.
- Team orientation – it is important that the person works within the team to ensure high standards of product delivery and collaboration.
- Strong organisational skills.
- Experience of legal contract or insurance policy drafting.
- Knowledge and experience with Acturis and/or Websure are assets but not integral.
Who we are:
Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world. We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further.
What’s in it for you:
A great starting salary plus annual bonus.
Contract Wordings Technician employer: Markel International
At Markel, we pride ourselves on being an excellent employer that fosters a collaborative and innovative work culture. As a Contract Wordings Technician in our UK division, you will have the opportunity to work alongside experienced professionals, contributing to impactful projects while enjoying competitive benefits, including a great starting salary and annual bonus. We are committed to your growth and development, ensuring you thrive in a supportive environment that values your contributions and encourages you to reach your full potential.
StudySmarter Expert Advice🤫
We think this is how you could land Contract Wordings Technician
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work with contract wordings. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA requirements and general insurance terminology. We want you to feel confident discussing these topics, as they’re crucial for the role!
✨Tip Number 3
Showcase your teamwork skills! Highlight experiences where you've collaborated with underwriters or senior management. This will demonstrate that you can thrive in a team-oriented environment like ours.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our Markel community.
We think you need these skills to ace Contract Wordings Technician
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Contract Wordings Technician role. Highlight your experience with retail insurance and any relevant knowledge of FCA requirements. We want to see how you can make a meaningful impact!
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that show your ability to collaborate with underwriters and manage projects effectively. We love seeing how you’ve driven consensus in previous roles.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. We appreciate clarity, especially when explaining complex topics. Make it easy for us to see how you can contribute to our team!
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 the role. Plus, it shows you’re keen on joining our community!
How to prepare for a job interview at Markel International
✨Know Your Stuff
Make sure you brush up on your knowledge of retail and direct to customer open market insurance. Familiarise yourself with FCA requirements and general insurance terminology, as these will likely come up during the interview. Being able to speak confidently about these topics will show that you're serious about the role.
✨Showcase Your Team Spirit
This role is all about collaboration, so be ready to discuss your experience working in teams. Share examples of how you've driven consensus or negotiated with senior stakeholders. Highlighting your interpersonal skills will demonstrate that you can fit into their team-oriented culture.
✨Prepare for Technical Questions
Expect questions that dive into your understanding of policy wordings and legal requirements. Be prepared to explain complex topics in a simple way, as this is crucial for the role. Practising how to articulate these concepts clearly will help you stand out.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the challenges the Wordings Team faces or how they measure success in this role. This shows your genuine interest in the position and helps you gauge if it's the right fit for you.
