At a Glance
- Tasks: Review and draft insurance policy wordings, ensuring clarity and compliance.
- Company: Leading specialty insurer in the dynamic Lloyd’s Market.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth and to lead complex negotiations.
- Why this job: Become a key player in shaping insurance policies that impact real customers.
- Qualifications: In-depth knowledge of insurance contracts and strong negotiation skills.
The predicted salary is between 60000 - 80000 £ per year.
Senior Wordings Technician opportunity working with a leading specialty insurer operating within the Lloyd’s Market. Reporting to the Head of Wordings, you will become a key technical partner to underwriters, brokers and claims teams ensuring policy documentation clearly reflects intended cover, aligns with the risk appetite, and delivers fair, compliant customer outcomes.
Key Responsibilities
- Review, draft and negotiate policy wordings and contractual documentation, ensuring clarity, consistency, compliance and alignment with risk appetite.
- Partner with underwriting teams, brokers and third parties to develop and implement effective wording solutions.
- Provide technical wording expertise and support for underwriting, claims and commercial decision-making.
- Identify and resolve contractual and market issues through practical, commercially appropriate solutions.
- Lead complex wording negotiations and support product development, market research and regulatory activities.
- Ensure adherence to market standards, regulatory requirements and internal governance controls.
- Contribute to training, knowledge sharing and the development of wording capability across the business.
Key Skills and Experience
- In-depth knowledge of insurance contracts, policy wordings and customer communications.
- Strong understanding of London Market practice, including reinsurance wordings.
Senior Wordings Technician employer: Weareedenbrook
As a Senior Wordings Technician at our leading specialty insurer within the Lloyd’s Market, you will thrive in a dynamic and collaborative work culture that prioritises professional growth and development. We offer competitive benefits, including ongoing training opportunities and a supportive environment where your expertise in insurance contracts and policy wordings will be valued and recognised. Join us to make a meaningful impact while working alongside industry experts in a location renowned for its rich insurance heritage.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Wordings Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those familiar with the Lloyd’s Market. A friendly chat can lead to insider info about job openings that might not even be advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge of policy wordings and insurance contracts. We want you to showcase your expertise and how it aligns with the role of a Senior Wordings Technician.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that resonate with your values and career goals. Check out our website for tailored opportunities that match your skills in drafting and negotiating policy wordings.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Let them know you’re keen to bring your expertise to their team!
We think you need these skills to ace Senior Wordings Technician
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Wordings Technician role. Highlight your experience with insurance contracts and policy wordings, as well as any relevant knowledge of the London Market. We want to see how your skills align with what we're looking for!
Showcase Your Expertise:In your application, don’t shy away from showcasing your technical expertise in drafting and negotiating policy wordings. We’re keen on candidates who can demonstrate their understanding of compliance and risk appetite, so make it clear how you’ve tackled these in past roles.
Be Clear and Concise:When writing your application, clarity is key! Use straightforward language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point, reflecting the clarity we expect in policy documentation.
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, you’ll find all the details you need about the position right there!
How to prepare for a job interview at Weareedenbrook
✨Know Your Wordings Inside Out
Make sure you brush up on your knowledge of insurance contracts and policy wordings. Familiarise yourself with the specific terminology used in the Lloyd’s Market, as this will show your expertise and confidence during the interview.
✨Prepare for Technical Questions
Expect to be asked about your experience with drafting and negotiating policy wordings. Prepare examples from your past work where you successfully resolved contractual issues or implemented effective wording solutions. This will demonstrate your practical skills and problem-solving abilities.
✨Showcase Your Collaboration Skills
Since the role involves partnering with underwriters, brokers, and claims teams, be ready to discuss how you've worked collaboratively in the past. Highlight any experiences where you led negotiations or contributed to training and knowledge sharing within a team.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory landscape affecting the Lloyd’s Market. Be prepared to discuss how you ensure compliance and adherence to market standards in your previous roles. This will show that you are not only technically skilled but also aware of the broader implications of your work.
