First Party Wordings Specialist

Übersicht

Job Title: First Party Wordings Specialist

Division: Property

Reports To: As per Beazley’s organisation chart

Key Relationships:

Head of First Party (FP) Wordings and all members of the FP wordings Team, European Underwriters in all FP teams, Claims staff, Compliance and other staff and brokers.

Job Summary:

To supervise and administer a quality control on wordings across all First Party lines of business. Ensure all Contract Certainty, Tax and Regulatory checks are completed. To liaise and work with any First Party Team and relevant Underwriters in drafting of new wordings and launching of new Products.

Key Responsibilities:

• Review and administer a quality control on all wordings written within First Party lines of business.
• Ensure all wordings and endorsements are in line with the relevant Focus Groups RAG document.
• Ensure all wordings and endorsements are drafted in line with local jurisdictions.
• Monitor and chase for receipt of outstanding Wordings and other documentation from brokers.
• Advise Underwriters on the merits/demerits on forms/clauses used on all documents.
• Develop network opportunities across the business, to identify best practice and develop standardised guidelines to take advantage of wordings experience in formalising contracts.
• Liaise with Brokers and monitor wordings, which are returned to brokers for changes.
• Monitor and react to such Legal and Legislative developments that affect the Company’s and the Department’s environment.
• Educate and train others on all Legal and Legislative matters e.g. Underwriting /Claims staff.
• Develop a greater knowledge of Wordings and of the business.
• Administrative functions including maintenance of a computer environment database for Policy Wordings as required.
• Ensure that all wordings that come within the Conduct Risk arena are compliant with the latest Conduct Risk legislation and regulatory requirements.
• Complete bi-annual audit of wordings including endorsements, ensuring compliant with RAG document for respective line of business.
• Drafting and review of wordings in all relevant areas of the business.

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.

Personal Specification:

Skills and Abilities:

• Strong English language ability, written and spoken
• Ability to draft wordings and clauses
• Reading of contracts with attention to detail
• Ability to negotiate
• Understanding of wordings across the market for relevant lines of business
• Accurate and numerate
• Able to communicate effectively with others, both verbally and in writing
• The ability to manage time, meet deadlines and prioritise
• Computer skills – good working knowledge of MS Office, Excel and Access skills
• Team worker as well as working on own initiative

Knowledge and Experience:

• Proven experience in insurance industry
• Experience in international business
• Extended knowledge of wordings/ regulatory guidelines
• General commercial and financial knowledge

Aptitude and Disposition:

• Self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers/colleagues/external suppliers
• Diplomatic

Competencies:

• Analytical thinking
• Conceptual thinking
• Information seeking
• Customer focus
• Team working
• Initiative

Don’t meet all the requirements? At Beazley we\’re committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.

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