Senior Wording and Technical Specialist - Financial Lines
- London
- Permanent
- Full-time
- Work collaboratively with the Business Unit leaders, Chief Underwriting Officer BSI and Senior Legal Counsel.
- Be responsible for the management and drafting of wordings, which includes drafting of endorsements, new products, and updates to current product offerings.
- Ensure the integrity of insurance contracts.Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.What Will You Do?Wordings:Manage and undertake policy wording development and control across all lines of BSI business ensuring TRV Wordings are robust and accurately drafted.Work with Underwriting Officers to ensure that review of forms (TRV policies, broker forms, and competitor) 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.Technical: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.Assist Underwriting Officers with research and strategy development as needed.Liaison with US parent in respect of emerging issues, corporate underwriting stance, coverage and product development.Represent the Company at relevant industry seminars and other forums as needed.Act as a technical reference point for underwriting business units and provide clarity, advice on technical issues.Product Development:Actively participate in product development (both new and existing) providing technical expertise, input and guidance. For both new and existing product development, undertake, manage and facilitate policy wording development and control (ensuring wordings are robust, accurately drafted and maintain commonality, where appropriate).Technical Training:Assist with training of underwriting staff as needed with respect to policy forms.Perform other duties as assigned.What Will Our Ideal Candidate Have?Experience:Previous exposure of London Market systems/processes beneficial.Educated to degree standard.Relevant experience gained working within the Company or Lloyds market.Skills and Abilities:Consistently sets clear direction by defining goals and priorities.Develops a high degree of trust through demonstrated persona integrity ethics and a commitment to doing the right thing.Energises others to commit to achieving the highest standards.Consistently demonstrates ability to influence and leverage behaviour for the benefit of the company.Must have the ability to lead in a way that demonstrates passion and a sense of urgency and he/she will be capable of garnering the respect of both his/her, peers and senior leaders. The successful candidate will demonstrate the maturity, judgement, sensitivity and competence necessary to operate in a matrix organisation.Strong attention to detail & accuracy, coupled with excellent analytical & problem solving skills.Acts with a sense of urgency.Works effectively with all levels and can build new relationships.Effectively coaches employees at all levels.Takes responsibility for decisions and actions.Manages own work.Understands the business and responses to all related issues, concerns and problems.Relevant work experience gained within Financial Lines Products.What is a Must Have?Experience drafting underwriting policy wordings.Experience managing projects.What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.