Arthur is pleased to collaborate on an exclusive basis with a highly respected Lloyd's Insurer to find them 2 skilled Senior Wordings Specialist. As the company continues to experience commercial success, it is currently in a phase of expansion. In this role, you will have the opportunity to work closely with the underwriting team leaders, Chief Underwriting Officer, and Legal Counsel, as well as engage with the underwriters. You will join a team of seven experienced Wordings Specialists, all working collaboratively to achieve shared goals.
In this position you will involved in: Management and drafting of wordings, which includes drafting of endorsements, new products, and updates to current product offerings.
Key responsibilities include:
Manage and undertake policy wording development and control across all lines.
Work with Underwriting Officers to ensure that review of forms is completed and appropriate sign off is achieved.
Collaborate with underwriters to ensure that slips and wordings meet pre-bind quality assurance before inception.
Manage and facilitate, the amendment and drafting of endorsements to ensure compliance with underwriters intended depth and breadth of coverage.
Report wordings and documentation issues to underwriters and Underwriting Officers on an exception basis so that underwriters are aware of the issues and can act accordingly.
Build and maintain relationships with underwriters (and brokers as needed) so that wordings and documentation issues are resolved quickly and to the satisfaction of all parties.
To ensure consistency and integrity within wordings is maintained.
Maintain awareness of corporate appetite, legal, regulatory and statutory frameworks, industry developments & claims trends that might impact policy coverage.
Build and maintain a process and repository of approved forms and endorsements with records of appropriate sign off.
Experience needed:
My client wants someone with experience of creating and drafting wordings.
Experience managing projects.
Relevant experience gained working within the Company or Lloyds market.
For more information please get in touch with Emma Burden ASAP: eb@arthur.co.uk 0203 587 7036
