Wording Consultant

Primary Details

Time Type: Full time

Worker Type: Employee

Wordings Consultant
- (London/home hybrid working)_
- QBE’s European Operations, which accounts for over 27% of QBE Group turnover, is a leading specialist in UK, London market and European commercial lines business. Active in both the Lloyd’s and company market, QBE offers considerable diversity to the broking community. We are a socially responsible company and give our customers the ability to invest a portion of their premiums in environmentally and socially beneficial projects._

We are currently looking to speak with Wordings professionals as we establish our in-house department. Lead by our Head of Wordings, this role will partner closely with Underwriters in the management of risk relating to all underwriting documentation whilst providing training and engagement cross-departmentally on insurance regulation, law and specific wordings related matters.

Your responsibilities for this role may include, but are not limited to
- Support innovation and growth in the business as well as managing legal & regulatory risk
- To assist the Head of Wordings promote and develop EO Wordings as a valuable resource, developing and supporting team strategy and plans.
- Good drafting skills with ability to negotiate and draft competitive documentation for lead markets in line with legal and regulatory requirements and consistent with EO and commercial philosophy
- Become a reliable and trusted advisor to the business on legal and regulatory issues that impact on policy wordings
- Recognized as an expert in relevant disciplines with up to date knowledge of insurance law (England and Wales), and UK regulatory requirements as they affect documentation and commercial issues
- Increases team capability and quality of output by sharing knowledge and best practice
- To support relevant underwriting portfolio(s), in line with EO Wordings team strategy, contributing to portfolio strategic and business planning as relevant, and supporting the business to deliver its plans via product support and client interaction
- Review broker produced and/or other policy wordings, identify exposures and negotiate direct with external professionals or make informed recommendations to underwriters
- Develop and manage relationships with external professionals (e.g. brokers and legal advisers) to support the above
- To support development and delivery of new processes and products that seek to improve efficiency and profitability
- Collaborate with other disciplines within EO Legal & Regulatory and Underwriting Governance teams to support professional development and information sharing
- Attend and participate regularly in underwriter team meetings as well as EO Wordings team meetings.
- Share legal, regulatory and commercial developments with EO Wordings & Regulatory and develop underwriting governance sharing appropriate responses to same

You will need to be able to display you have the following qualifications and experience
- Relevant and or transferable legal qualifications, preferably a law degree
- Experience working in an insurance wordings team in house, or within the insurance team of a firm of solicitors (contentious or non contentious)
- Commercially aware with a clear approach to resolving problems
- At least some experience in drafting insurance policies and advising on policy wordings
- Technical understanding of insurance regulation and market practice, specifically insurance law knowledge
- Confident in acting independently as regards coverage scope but within the appropriate authority
- Strong communicator with the ability to explain complex legal/regulatory issues clearly and succinctly
- At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation_

How to Apply:
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.