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: Enjoy a competitive salary, bonus, 25 days holiday, and excellent health benefits.
- Other info: Flexible working options and a commitment to diversity make this a great workplace.
- Why this job: Make a meaningful impact in the insurance industry while developing your skills.
- Qualifications: Knowledge of insurance terminology and experience in policy drafting are essential.
The predicted salary is between 35000 - 45000 £ per year.
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.
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!
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.
What’s in it for you:
- A great starting salary plus annual bonus & strong benefits package.
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
- Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed.
Contract Wordings Technician in Leeds employer: Markel International
Markel International is an excellent employer for those seeking a rewarding career in IT support within the vibrant Greater London area. With a strong commitment to employee growth, a diverse and inclusive work culture, and a comprehensive benefits package that includes health coverage and a pension scheme, you will find ample opportunities to thrive both personally and professionally. Join us and be part of a team that values your contributions and supports your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Contract Wordings Technician in Leeds
✨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. Being able to discuss these topics confidently will show you're ready to hit the ground running.
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a quick email expressing your enthusiasm for the role. It shows initiative and keeps you on their radar.
✨Tip Number 4
Practice explaining complex topics in simple terms. This is key for roles like Contract Wordings Technician where you'll need to communicate effectively with both technical and non-technical stakeholders.
We think you need these skills to ace Contract Wordings Technician in Leeds
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience with retail insurance and policy wordings. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant knowledge!
Showcase Your Team Spirit:Since collaboration is key in this role, share examples of how you've worked effectively within a team. We love seeing candidates who can drive consensus and contribute to high standards of product delivery.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language to explain your experience with FCA requirements and any technical topics, as we appreciate candidates who can communicate complex ideas simply.
Apply Through Our Website:Don’t forget to hit that 'Apply Now' button on our website! It’s the best way for us to receive your application and get to know you better. We’re excited to see what you bring to the table!
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, policy wordings, and general insurance terminology. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Team Spirit
Since this role involves collaboration with underwriters and senior management, be prepared to discuss examples of how you've worked effectively in a team. Highlight your interpersonal skills and any experiences where you’ve driven consensus or negotiated successfully.
✨Prepare for Technical Questions
Expect to be asked about specific technical topics related to contract wordings and insurance policies. Think about how you can explain complex ideas in a simple way, as this is crucial for communicating with both internal and external stakeholders.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the challenges the Wordings Team currently faces or how they measure success in this role. This shows your enthusiasm and helps you gauge if the company is the right fit for you.
