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- Tasks: Draft and manage insurance policy wordings while ensuring compliance with legal standards.
- Company: City-based insurance company offering a dynamic work environment.
- Benefits: Competitive salary up to £120,000 plus excellent benefits package.
- Other info: Opportunity for career growth and collaboration with diverse teams.
- Why this job: Join a leading insurer and make a real impact on policy documentation.
- Qualifications: Experience in insurance wordings and strong communication skills required.
The predicted salary is between 84000 - 120000 £ per year.
Tower Street Insurance Recruitment is currently working with a City Based Insurer to recruit an experienced Insurance Wordings Specialist. The ideal candidate will have MGA and Syndicate experience and, through collaboration with the compliance and underwriting teams, facilitate legal and regulatory compliance throughout the organisation's policy documentation.
Job Purpose
To draft, review, and manage insurance policy wordings, clauses, and endorsements to ensure legal and regulatory compliance while meeting key business needs.
Key tasks
- Create and upload policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards.
- Ensure all policy language is legally and regulatorily compliant and that documentation aligns with binding authority agreements.
- Provide expert advice to underwriters and other departments on policy language, coverage, and potential risks.
- Work closely with underwriters, brokers, compliance, and claims departments to ensure consistent and accurate documentation.
- Develop and maintain libraries of approved template wordings and clauses for use across the organisation.
- Monitor regulatory developments and market trends to inform policy drafting and advise on market practice.
- Deliver training sessions and guidance to staff on best practices for wordings and documentation.
Key personal skills required
- Ability to analyse requests, identify potential issues, and propose robust solutions.
- Ability to analyse and resolve queries, leading to enhanced processes.
- Ability to share key knowledge with team, contributing to the team dynamic.
- Strong organisation, accuracy, and attention to detail.
- Ability to balance multiple priorities, by focusing on timely delivery of quality outputs.
- Excellent communication skills, both verbal and written.
- Strong people and communication skills who listens and understands the issues, able to represent the function at relevant market forums.
- Meticulous approach to drafting and reviewing documents to ensure accuracy and compliance.
Key technical skills, knowledge and professional qualifications required
- Deep understanding of insurance products, contract law, and the ability to interpret complex concepts.
- An understanding of the Lloyd’s/London Market insurance processes and practice.
- Proficient use of Microsoft Office and Business Intelligence tools, including Excel, Power BI etc.
- Ability to effectively manage internal and external stakeholders of all levels.
- Proven experience in insurance wordings, contract drafting, or a legal/compliance environment.
Insurance Policy Wording Specialist in Slough employer: Tower Street Insurance Recruitment Limited
Contact Detail:
Tower Street Insurance Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Policy Wording Specialist in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with policy wordings. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Show off your expertise! Prepare a portfolio showcasing your best work in drafting and reviewing policy wordings. When you land that interview, having tangible examples will set you apart from the competition.
✨Tip Number 3
Stay updated on industry trends! Follow relevant news and regulatory changes in the insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying ahead in the field.
✨Tip Number 4
Apply through our website! We make it super easy for you to submit your application directly. Plus, it shows you're genuinely interested in joining our team and helps us keep track of your application better.
We think you need these skills to ace Insurance Policy Wording Specialist in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Insurance Policy Wording Specialist role. Highlight your experience with MGA and Syndicate, and showcase your skills in drafting and reviewing policy wordings. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your collaboration with compliance and underwriting teams, and how you ensure legal and regulatory compliance. Let us know what makes you tick!
Showcase Your Attention to Detail: In this role, accuracy is key. When writing your application, make sure there are no typos or errors. We appreciate a meticulous approach, so take the time to proofread your documents before hitting send!
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 don’t miss out on any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Tower Street Insurance Recruitment Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of insurance products and contract law. Familiarise yourself with the specific wordings and clauses relevant to the role, as well as any recent regulatory changes. This will show that you're not just a candidate, but someone who is genuinely interested in the field.
✨Showcase Your Collaboration Skills
Since this role involves working closely with underwriters, compliance, and claims departments, be prepared to discuss examples of how you've successfully collaborated in the past. Highlight your ability to communicate effectively and resolve issues, as this will demonstrate your fit for the team dynamic.
✨Prepare for Technical Questions
Expect questions that test your understanding of the Lloyd’s/London Market processes and your proficiency with tools like Excel and Power BI. Brush up on these areas and be ready to provide examples of how you've used them in previous roles to manage documentation and compliance.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions about the company’s approach to policy drafting or how they stay updated with market trends. This shows your enthusiasm for the role and helps you gauge if the company aligns with your career goals.