At a Glance
- Tasks: Support broking teams by developing and reviewing insurance contract wordings.
- Company: Join WTW, a global leader in advisory and solutions with a rich history.
- Benefits: Enjoy competitive pay, career growth, and a diverse work environment.
- Why this job: Make an impact in the insurance industry while honing your expertise.
- Qualifications: Strong understanding of insurance law and excellent communication skills required.
- Other info: Be part of a dynamic team with opportunities for professional development.
The predicted salary is between 43200 - 72000 £ per year.
To support broking teams to ensure contact certainty and helping to develop best practice wordings and clauses. Streamline, manage and review wordings.
- Review and issuance of carrier produced documentation. Ensure electronic filing of all Client documentation in secure location, applying the appropriate retention policy
- Drafting of contract Wordings, where required by the business unit
- Review of/commentary on contract wordings
- Recommendations for amendments to contract wordings
- Understanding of recent market developments in contract wordings
- Assistance with the negotiation of contract wordings with insurers
- Liaise with Corporate Departments to oversee/maintain Market Reform Contract (Slip) templates to ensure they meet the current needs of the North American Casualty business unit. Keep the business unit apprised of all updates
- To provide technical training to placing teams on North American Casualty insurance
- Provide technical advice to sales team and network on wordings related matters
- Review of Market Reform Contracts (Slip/MRCs), as required
- Resolve contract wordings queries from Clients, Insurers and Network
- Provide comparisons between differing wordings when required
- Monitor and prioritise own work using tracking systems
- Maintain electronic (or paper) wordings files, ensuring the appropriate file retention policy for US Casualty business is adhered to
- Establish and maintain good working relationships with key carrier contacts
- Wordings-related ad hoc tasks, as required., Leadership- To achieve business results through planning, organising and directing the work of others.
- Client Relationship- To generate income for the Group by working directly for and with external clients.
- Technical/Professional- To add value to the business by applying their professional knowledge and expertise.
- Business Support- To provide back-up and support to colleagues and managers in order to allow others to concentrate on the focus of their role and the profitability of the business. Key professional/technical knowledge and skills (Qualifications where applicable):
- Good understanding of insurance and insurance contract law
- In-depth understanding of the base wordings and standard clauses of one specialist class
- In-depth understanding of the risks associated with one specialist class of insurance
- Excellent understanding of MRC/slip construction and content
- Excellent communications skills, Organising and planning own time
- Self-motivated
- Attention to detail
- Completer/finisher
- Client focused
- Ability to turn insurance coverage requirements into clear, unambiguous and accurate written wording/policy documentation
- Good Word related PC skills
- Basic Excel knowledge, an advantage
- Equal opportunity employer
- WTW (formerly Willis Towers Watson) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, WTW has 39,000 employees in more than 120 territories. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Unlock your potential at WTW.
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Senior Liability Wordings Specialist employer: Willis Towers Watson
Contact Detail:
Willis Towers Watson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Liability Wordings Specialist
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Liability Wordings Specialist role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of insurance contract law and recent market developments. We want you to be the go-to person for any wordings-related queries, so show off your expertise when you get the chance!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We’re all about building relationships, so let them know you appreciate their time.
✨Tip Number 4
Apply through our website for the best chance at landing that job. We’ve got all the resources you need to make your application stand out, and we’re here to support you every step of the way!
We think you need these skills to ace Senior Liability Wordings Specialist
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Liability Wordings Specialist role. Highlight your experience with contract wordings and any relevant insurance knowledge to show us you’re the perfect fit!
Showcase Your Skills: Don’t forget to emphasise your excellent communication skills and attention to detail. We want to see how you can turn complex insurance coverage requirements into clear, concise documentation.
Be Clear and Concise: When drafting your application, keep it straightforward. Use bullet points where possible to make it easy for us to see your key achievements and qualifications at a glance.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Willis Towers Watson
✨Know Your Wordings Inside Out
Make sure you have a solid grasp of the base wordings and standard clauses relevant to the role. Brush up on recent market developments in contract wordings, as this will show your commitment and expertise during the interview.
✨Showcase Your Communication Skills
Since excellent communication is key for this position, prepare to discuss how you've effectively communicated complex insurance concepts in the past. Think of examples where you’ve liaised with clients or colleagues to resolve queries or negotiate terms.
✨Demonstrate Your Organisational Skills
Be ready to talk about how you manage your workload and prioritise tasks. Share specific strategies or tools you use to keep track of your work, especially when dealing with multiple wordings or documentation.
✨Build Relationships with Key Contacts
Highlight your experience in establishing and maintaining good working relationships with carriers and clients. Prepare anecdotes that illustrate your ability to foster these connections, as this is crucial for generating income and supporting the business unit.