Contract Wordings Technician
Contract Wordings Technician
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
We are looking for an individual to work closely with our Underwriters and support functions to provide technical assistance to underwriters in the delivery of their business plans.
What part will you play If youre looking for a place where you can make a meaningful difference youve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities and youll find your fit amongst our global community of optimists and problemsolvers. Were always pushing each other to go further because we believe that when we realize our potential we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
We have an excellent opportunity within our Wordings Team for a Contract Wordings Technician. The role will report into our Head of Technical Wordings and will work closely with a team of experienced drafters divisional leadership and underwriters.
The Wordings Team sits within the Office of the Chief Underwriting Officer (OCUO) team.
The OCUO is part of Markel Internationals Corporate Management team with responsibility for the Performance Risk Technical Underwriting Oversight Governance Customer Outcomes and Reinsurance Placement for all Underwriting Divisions.
The purpose and mission are to:
- Our Underwriting meets our profit targets
- Aggregations are identified and controlled
- Our underwriting follows regulations
- We have the right people writing the right risks
- Underwriters are supported by good systems and data
- We have minimised operational and regulatory risks
- Our products and services are fair to customers
- Our business can be tracked and accounted for
What youll be doing:
Primary Functions:
- Provide reviews and advice on various wordings and products including Markel products Binding Authorities Coverholder and broker wordings.
- Stay updated on regulatory legal and market developments advising underwriters on potential impacts on Markels product offerings.
- Develop and deliver guidance to underwriters on wordingrelated issues including emerging trends.
- Ensure the central wording repository is accurately maintained with comprehensive records and reports.
- Share technical knowledge across the business and ensure consistency in wordings.
- Coordinate with team members to ensure timely service delivery to underwriters on wording matters.
- Ensure wordings meet legal and regulatory requirements.
- Simplify complex topics for stakeholders.
- Conduct thematic reviews of product lines post bind.
Additional Responsibilities:
- Support product and process changes due to regulatory developments.
- Acquire knowledge of emerging risks and market trends to aid innovation and underwriting discipline.
- Assist in the development of technical knowledge within product lines through training.
- Provide assistance for internal and external audits.
- Work closely with Compliance Product Governance Legal & Regulatory IT and Operations.
- Participate in strategic project work and manage the delivery of required actions.
- Attend meetings and lead the development of customised wordings and clauses for large or complex risks.
- Engage in training and development opportunities to enhance technical expertise.
Our musthaves:
- Strong interpersonal and people management skills ability to drive consensus and negotiations
- Experience of collaborating with senior management senior stakeholders and boards/ committees
- Project management capability
- Strong analytical and interpretation skills
- Team orientation enjoy working within the team to ensure high standards of product delivery and collaboration
- Strong organisational skills
- Experience of legal contract or insurance policy drafting.
- Proven ability to time manage projects and work independently.
- Knowledge of insurance business markets and general insurance related terminology.
- Good communication skills.; uses clear language and is detailed and succinct.
Who we are:
Markel Group (NYSE MKL) a Fortune 500 company with over 60 offices in 20 countries is a holding company for insurance reinsurance specialist advisory and investment operations around the world.
Were all about people We win together We strive for better We enjoy the everyday We think further
Whats in it for you
- A great starting salary plus annual bonus & strong benefits package
- 25 days paid holiday plus Bank Holidays with the opportunity to buy/sell extra leave
- Fantastic company pension scheme private medical and dental cover life assurance travel insurance cover income protection season ticket loan as well as other great benefits on offer
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part
Choose Apply Now to fill out our short application so that we can find out more about you.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race religion colour national origin sex gender gender expression sexual orientation age marital status veteran status or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at or call us at 0 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
#LIDJ1
#LIHybrid #PlayYourPartUK
Required Experience:
IC
Employment Type
Full-Time
