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Syndicate Contract Specialist

4 weeks ago

London, Greater London, United Kingdom Nashrock Insurance Recruitment Full time

Nashrock Insurance Recruitment is seeking a highly skilled Syndicate Contract Specialist to join our team. The successful candidate will be responsible for negotiating and agreeing direct policy wordings and reinsurance contracts across various classes of business.

Key Responsibilities:

  • Negotiate and agree syndicate-led direct and reinsurance contract wordings and associated clauses.
  • Liaise regularly with Underwriters, Clients, and Brokers.
  • Maintain accurate records of negotiations and final agreed wordings or clauses.
  • Review current market form usage and territorial regulations.
  • Conduct regular peer review of wordings agreements.
  • Assess financial impact of unsuitable contract wordings.

Required Skills and Qualifications:

  • Thorough understanding of standard and bespoke wordings, clauses, and endorsements.
  • Ability to manage time effectively and prioritize workload.
  • Excellent communication and negotiation skills.
  • Strong analytical and problem-solving skills.

Technical Requirements:

  • Microsoft Systems: Word, Excel, Outlook
  • Data Entry: Accurate keyboard and data input skills
  • In-house Systems: Skyline, Cascade, Document Repository System
  • Specific Systems: LCC Tool, LMWD, Lloyds QAT. Lloyds Crystal

Salary: £70,000 per annum.