Wordings Analyst in London

Wordings Analyst in London

London Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Draft and review insurance documents, ensuring clarity and compliance.
  • Company: Join MS Amlin, a leading (re)insurer with a global presence.
  • Benefits: Enjoy competitive salary, hybrid working, and a performance bonus.
  • Why this job: Make an impact in the insurance industry while developing your skills.
  • Qualifications: Experience in insurance wordings and strong communication skills required.
  • Other info: Be part of a diverse team that values collaboration and innovation.

The predicted salary is between 36000 - 60000 £ per year.

Location: London

Contract Type: Permanent

Work Pattern: Full time and Hybrid

About The Job

To support the Head of Wordings in the drafting and review of insurance and reinsurance documents and other contract documents pertaining to the (re)insurance business such as delegated authority agreements, ensuring that such documents are commercially appropriate, legally enforceable, compliant, and fulfil the requirements of contract certainty, consumer duty, by:

  • Minimising use of unclear terms;
  • Highlighting risk exposure, especially created through third party drafting;
  • Raising awareness of (re) insurance issues that may have an impact on wordings;
  • Championing clarity of structure and drafting recognising that, whilst commercial considerations and market conditions may drive decisions, Wordings can promote continuous improvement;
  • Promoting the MATTER values, adopting a consistent style and, whenever possible, harmonised structure, terms and drafting principles.

What you'll spend your time doing:

While there is rarely a 'typical' day here's a snapshot of some of the key parts of the job:

Development and management of wordings strategy

  • To help implement the Wordings Control Framework in conjunction with Senior Analysts and the Head of Wordings
  • To help manage a wordings repository containing an up to date suite of agreed wordings for all lines of business.
  • Maintain management information in support of the wordings strategy.

Wording Production

  • To support the business by reviewing documentation associated with prospective and approved opportunities
  • To ensure documentation complies with relevant law and regulation, consistent with commercial appetite and underwriting and claims philosophies
  • To support the companies by drafting and reviewing (re)insurance wordings, clauses and endorsements including policy summaries, Key Facts, ICOB required documentation and associated policy pack supporting documentation
  • To provide technical input on complaints, coverage queries and disputes
  • To provide technical support and training to company personnel as required
  • Liaise with brokers, Reinsurers, MGAs/Coverholders and other such parties to ensure the best outcome for the Company at the outset of the discussions and through the period of the agreements and policies.

Service Management

To support the Head of Wordings by:

  • Maintaining working relationships with the other business partners including, but not limited to, Claims or Underwriting teams,
  • Acting as a technical reference point on wordings and coverage for all territories and business lines within the Business.
  • Keeping up to date with new products and business opportunities and monitor market, Lloyd's, legal and regulatory changes which may affect policy wordings
  • Keeping updated guidance materials and toolkits for the company.
  • Acting at all times in accordance with the Company's and the MSIG Group's code of conduct and best practice standards.
  • Maintaining compliance with any applicable UK or international statutory or regulatory obligation as required by the role. This includes but is not limited to obligations arising from:
  • The prudent management of the business
  • Placing due regard on the interests of customers
  • Observing rules on sanctions and financial crime
  • Regulatory requirements and local licensing restrictions
  • CPD in line with IDD requirements

Planning, Organising & Communication

  • Self-starter, who can manage themselves effectively, communicates tasks and objectives clearly and ensure time is fully utilised.
  • Communicates clearly to the relevant underwriting teams and the Head of Wordings.
  • Ensures urgent and important tasks are completed first.
  • Can manage own tasks effectively: Uses simple tools and systems to structure personal activities (e.g. to do lists, follow up procedures).
  • Quickly and accurately reports on the status of work.
  • Meets deadlines by managing time.
  • Ability and confidence to change/ direct wording appetite as and when required.

What you'll need:

For this particular role there are some important qualifications and experience we need you to have. These include:

Experience:

  • Experience of working within the London insurance/reinsurance market
  • Experience with the drafting and review of complex wordings,
  • Ability to both support and challenge Underwriting staff
  • Strong technical knowledge of Insurance wordings
  • Comprehension of the Lloyd's regulatory framework, subscription market, Xchanging, etc
  • Good Communicator both in writing and orally.

Functional/Technical Competency:

  • Experience of Lloyd's web based tools such as the QA tool, Crystal, Wording Repository etc.
  • Experience of Market Reform Contracts
  • Experience of insurance policy legislation
  • Experience of working within a wording / document production environment including advanced word processing and typing skills.
  • Experience of direct contact with external parties (such as Brokers).
  • Experience of underwriting systems and underwriting processes.
  • Experience of workflow systems.

We are stronger together because of our common interests and rich differences. You may be the strength we didn't know we needed. Believe in yourself, and click apply today!

Hybrid Working

At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.

About MS Amlin

MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd's of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.

We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.

Wordings Analyst in London employer: MS Amlin

At MS Amlin, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. Our hybrid working model provides flexibility while ensuring our teams thrive together, and we are committed to employee growth through continuous learning and development opportunities. With a strong focus on diversity, equity, and inclusion, we create an environment where every voice is valued, making it a truly rewarding place to build your career as a Wordings Analyst.
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Contact Detail:

MS Amlin Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Wordings Analyst in London

✨Tip Number 1

Network like a pro! Reach out to folks in the insurance and reinsurance sectors, especially those who work with wordings. A casual chat can lead to opportunities you might not find on job boards.

✨Tip Number 2

Prepare for interviews by brushing up on your technical knowledge of insurance wordings. Be ready to discuss how you can champion clarity and compliance in drafting documents, as this is key for the role.

✨Tip Number 3

Showcase your experience with Lloyd's web-based tools and market reform contracts during interviews. This will demonstrate your familiarity with the industry and make you stand out as a candidate.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.

We think you need these skills to ace Wordings Analyst in London

Drafting and Reviewing Insurance Documents
Knowledge of (Re)Insurance Wordings
Understanding of Regulatory Frameworks
Communication Skills
Technical Knowledge of Insurance Legislation
Experience with Lloyd's Web-Based Tools
Market Reform Contracts Experience
Advanced Word Processing Skills
Ability to Manage Relationships with External Parties
Workflow Systems Experience
Attention to Detail
Problem-Solving Skills
Time Management
Self-Starter Attitude

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Wordings Analyst role. Highlight your experience in drafting and reviewing complex wordings, and show how you can support our team in ensuring compliance and clarity in documentation.

Showcase Your Technical Skills: We want to see your strong technical knowledge of insurance wordings! Mention any relevant tools or systems you've used, like the QA tool or Wording Repository, to demonstrate your familiarity with the industry.

Communicate Clearly: Since communication is key in this role, ensure your written application is clear and concise. Use straightforward language and structure your thoughts logically to reflect your ability to communicate effectively.

Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can't wait to see what you bring to the table!

How to prepare for a job interview at MS Amlin

✨Know Your Wordings Inside Out

Before the interview, make sure you’re familiar with various insurance and reinsurance documents. Brush up on your knowledge of complex wordings, clauses, and endorsements. Being able to discuss specific examples will show that you’re not just knowledgeable but also passionate about the role.

✨Showcase Your Communication Skills

As a Wordings Analyst, clear communication is key. Prepare to demonstrate how you can effectively communicate complex ideas both in writing and verbally. Think of examples where you’ve successfully liaised with brokers or other parties, and be ready to share those stories.

✨Understand the Regulatory Landscape

Familiarise yourself with the Lloyd’s regulatory framework and any relevant legislation. Be prepared to discuss how these regulations impact wordings and the importance of compliance. This will show that you understand the bigger picture and are ready to contribute from day one.

✨Demonstrate Your Problem-Solving Skills

Think of instances where you’ve had to challenge underwriting staff or navigate complex wording issues. Be ready to explain your thought process and how you arrived at solutions. This will highlight your analytical skills and ability to think critically under pressure.

Wordings Analyst in London
MS Amlin
Location: London
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  • Wordings Analyst in London

    London
    Full-Time
    36000 - 60000 £ / year (est.)
  • M

    MS Amlin

    1000-5000
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