Responsibilities
Wordings & Product:
• To be responsible for the design, technical content and final production of insurance documentation including Policy Wordings, Evidence of Cover documents, Certificates of Insurance and Reinsurance, IPIDs, Proposal Forms and Promotional/Marketing brochures;
• To draft or approve documentation across the full range of products underwritten by W/R/B;
• To provide advice and support to underwriters on all Wordings related matters and to operate Wordings advice in line with WRB’s Wordings Protocols;
• To maintain a library of wordings for use by underwriters;
• To act as a member of WRB’s Product Oversight Group providing wordings advice and support to the Group on SME Products;
• To develop and maintain clear and simple wordings for WRB’s SME customers;
• To develop good relationships with underwriters, brokers, coverholders and internal stakeholders;
• To communicate market and regulatory guidance in respect of policy wordings/exclusionary language to internal stakeholders;
• To provide support to compliance, delegated authority and underwriting management functions in drafting insurance specific agreements and documents, such as binding authority agreements;
• To conduct training for staff as required;
Commercial:
• To review and negotiate commercial agreements;
• To maintain a UK ‘playbook’ to put in place standard requirements for commercial agreements;
• To develop a relationship with selected corporate and commercial counsel to streamline the review process.
Qualifications
• England & Wales qualified practising solicitor (or equivalent);
• Proven experience of working within an Underwriting, Broking or law firm environment;
• Experience of commercial and SME insurances across different lines of business;
• Experience of regulatory product governance requirements that relate to the set up of insurance products, and their policy wordings and other documentation;
• The ability to act professionally at all times with a total dedication to customer service and good customer outcomes;
• The ability to work with minimum supervision;
• Excellent communication skills, both written and oral;
• The ability to be able to make constructive input to the product specification and design for both new and existing business;
• Good administrative skills and time management;
• Strong interpersonal and negotiation skills.
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