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- Tasks: Draft and review reinsurance contracts, ensuring compliance and client needs are met.
- Company: Global Lloyd's Reinsurance Broker known for client advocacy and expert advice.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Why this job: Join a forward-thinking team and make a real impact in the reinsurance industry.
- Qualifications: Experience in drafting contracts and understanding of reinsurance principles.
- Other info: Opportunity for career growth in a dynamic and innovative environment.
The predicted salary is between 36000 - 60000 £ per year.
A market-leading, well-respected Global Lloyd's Reinsurance Broker is seeking a Reinsurance Contract Wordings Specialist within the successful team. Their Advisory-led broking model focuses on client advocacy and delivering value through expert advice. In reinsurance, high-quality contracts are essential: even the best brokers, modellers, or claims teams cannot protect the business if the contract fails. The contract is ultimately enforceable in law, and recent trends—such as social inflation and increased regulatory scrutiny—have highlighted the risks of errors and omissions. Currently, contract production lacks formal governance. Brokers and TAMs draft, negotiate, and use contracts with varying technical expertise, creating inconsistency and potential exposure. A dedicated Contract Governance function ensures contracts are legally sound, compliant, and aligned with market best practice, protecting both clients and the firm.
We are a forward-thinking, innovative broker seeking a Reinsurance Wordings Specialist to join our growing team. This role focuses on Facultative and Treaty Reinsurance solutions, helping clients manage and structure their risk through tailored multi-line, multi-year, and direct or Facultative solutions. You will work closely with our Wordings Director, Analytics team, Brokers, and Claims to create, manage, and review reinsurance contracts, ensuring they reflect negotiation intent, meet regulatory requirements, and address client needs.
Key Responsibilities
- Draft, review, and quality-check reinsurance documentation (binders, slips, contracts).
Reinsurance Contract Wordings Specialist employer: Nashrock Insurance Recruitment
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Contract Wordings Specialist
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We want you to show them you’re not just a fit for the role, but for the team too. Tailor your answers to reflect their values and mission.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. We can’t stress enough how important it is to be confident and articulate when discussing your experience and skills.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. And remember, check out our website for more opportunities!
We think you need these skills to ace Reinsurance Contract Wordings Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Contract Wordings Specialist role. Highlight relevant experience and skills that align with the job description, especially in drafting and reviewing contracts.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how your background makes you a perfect fit for our team. Don’t forget to mention your understanding of contract governance!
Showcase Your Attention to Detail: In this role, attention to detail is key. Use your application to demonstrate your meticulousness—perhaps by mentioning specific examples where your thoroughness made a difference in your previous work.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you're keen on joining our innovative team!
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Know Your Contracts Inside Out
Make sure you’re well-versed in the specifics of reinsurance contracts, especially those related to Facultative and Treaty solutions. Brush up on recent trends like social inflation and regulatory changes, as these are hot topics that could come up during your interview.
✨Showcase Your Attention to Detail
Since this role involves drafting and reviewing complex documentation, be prepared to discuss how you ensure accuracy and compliance in your work. Bring examples of past experiences where your attention to detail made a significant difference in contract quality.
✨Understand the Advisory-led Approach
Familiarise yourself with the advisory-led broking model and how it impacts client relationships. Be ready to explain how you can contribute to client advocacy and deliver value through expert advice, as this aligns with the company’s core values.
✨Prepare Questions for the Team
Interviews are a two-way street! Prepare insightful questions about the team dynamics, the role of the Wordings Director, and how the Analytics team collaborates with brokers. This shows your genuine interest in the position and helps you gauge if it’s the right fit for you.