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Wordings Specialist
3 months ago
- London, GB
The Role
We are looking for a Wordings Specialist to support our Construction business, ensuring contract certainty, helping to develop best practice wordings / clauses, and streamline, manage and review wordings.
- Drafting of contract Wordings, where required by the business unit
- Review of/commentary on contract wordings
- Recommendations for amendments to contract wordings
- Understanding of recent market developments in contract wordings
- Assistance with the negotiation of contract wordings with insurers
- Liaise with Corporate Departments to oversee/maintain Market Reform Contract (Slip) templates to ensure they meet the current needs of the Construction business unit. Keep the business unit apprised of all updates
- To provide technical training to placing teams on Construction insurance
- Provide technical advice to sales team and network on wordings related matters
- Review of Market Reform Contracts (Slip/MRCs), as required
- Resolve contract wordings queries from Clients, Insurers and Network
- Provide comparisons between differing wordings when required
- Monitor and prioritise own work using tracking systems
- Maintain electronic (or paper) wordings files, ensuring the appropriate file retention policy for Construction business is adhered to
- Establish and maintain good working relationships with key carrier contacts
- Wordingsrelated ad hoc tasks, as required.
The Requirements
- Good understanding of insurance and insurance contract law
- Indepth understanding of the base wordings and standard clauses of one specialist class
- Indepth understanding of the risks associated with one specialist class of insurance
- Excellent understanding of MRC/slip construction and content
- Excellent communications skills
- Organising and planning own time
- Selfmotivated
- Attention to detail
- Completer/finisher
- Client focused
- Ability to turn insurance coverage requirements into clear, unambiguous and accurate written wording/policy documentation
- Good Word related PC skills
- Basic Excel knowledge, an advantage
