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Contract Wordings Specialist

3 months ago

London, Greater London, United Kingdom Gallagher Full time

About Us:


Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future.

We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries.

As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.


Overview:


Gallagher UK is partnering with Career Returners for a second year to launch their Women Returners Programme aimed at supporting returning professionals whose previous careers were in Insurance, Financial Services or Consulting industries.

Melissa joined Gallagher's Returner Programme in 2023 following an 18-year career break. You can read about Melissa's return to work story here.

We are excited to offer an incredible opportunity for a Contracts Specialist to join our team.

This position is perfect for a Returner with legal experience who is looking to take the next step in your career.

Join our established and growing Contract Wordings team in either Ipswich or London and be a part of our expanding company.


What can you expect from the program?

  • A 6month paid employment opportunity, with a strong possibility of a permanent role at the end of the programme
  • Specialised coaching from Career Returners to support your return to the workplace
  • A mentor from a relevant Gallagher employee affinity group
  • A buddy to assist you in learning the ropes
  • Access to a curated suite of training and learning opportunities
  • Program of learning and networking opportunities with leaders from Gallagher
  • An opportunity to revamp your skills, update your resume with new experience, and grow your network

Responsibilities:


As a Contracts Specialist, you will play a vital role in providing contract drafting and technical expertise to our broking teams in London and local offices across EMEA and APAC regions.

Your work will have a direct impact on our clients and the success of our business.

We understand the importance of work-life balance, which is why we offer agile working options.

Whether you prefer to work in our Ipswich or London office as well as remotely, we support agile working to ensure you have the flexibility you need.


  • Develop and produce reinsurance contracts covering a range of reinsurance lines, including Property and Casualty business and Life Reinsurance.
  • Provide technical analysis of contract wording, suggesting improvements, coverage enhancements, and compliance with internal procedures and external regulatory requirements.
  • Support and resolve contractrelated queries from Clients, Underwriters, and internal customers.
  • Stay up to date with the latest market developments and clauses, ensuring that the latest guidance is communicated to all relevant parties.
  • Support and drive process improvement and innovation.
  • Ensure all contracts align with the Contract Certainty Code of Practice and adhere to the London Market Reform guidelines.

Qualifications:

  • Experience in a similar role drafting or reviewing contracts, or relevant expertise gained from a legal or insurance background.
  • Knowledge of contract construction and clause language.
  • Proficiency in MS Word.
  • Attention to detail and analytical skills.
  • Communication skills with the ability to discuss and explain contractual language to various audiences.
  • Ability to organize and prioritise tasks effectively.
  • Ability to work autonomously or collaboratively, as required.
  • Eligible to work in the UK.

Additional Information:

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the
minimum core benefits you'll get, depending on your job level these benefits may improve:

  • Minimum of 25 days holiday, plus bank holidays, and the option to 'buy' 5 more days
  • Defined contribution pension scheme, which Gallagher will also contribute to
  • Life insurance, which will pay 4x your basic annual salary, which you can topup to 10x
  • Income protection, we'll cover up to 50% of your annual income, with options to top up
  • Health cash plan or Private medical insurance

Other benefits include:

  • Three fully paid volunteering days per year
  • Employee Stock Purchase plan, offering company shares at a discount
  • Share incentive plan, HMRC approved, tax effective, stock purchase plan
  • Critical illness cover
  • Discounted gym membership, with over 3,000 gyms nationally
  • Season ticket loan
  • Access to a discounted voucher portal to save money on your weekly shop or next big purchase
  • Emergency backup family care
  • And many more

We value inclusion and diversity


Inclusion and diversity (I&D) is a core part of our business, and it's embedded into the fabric of our organisation.

For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where w