Senior Contract Wordings Specialist - London, United Kingdom - Avencia

Avencia
Avencia
Verified Company
London, United Kingdom

4 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Senior Contract Wordings Specialist:

London Permanent

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About us:


The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.


The role:


The role services all Fidelis group entities in respect of inwards, outwards and internal contract wordings and related supporting documentation.

Covering a broad spectrum of business across four pillars (Bespoke, Specialty, Reinsurance and Partnerships).

The role is London based with the occasion to work in Bermuda during peak renewal periods and to visit brokers and clients when necessary.


Key accountabilities:


  • Review, draft and negotiate the content of contract wordings and related supporting documentation (inwards, outwards and internal) to ensure the terms clearly reflect the coverage being provided/purchased.
  • Provide highlevel support across the group to ensure that the business written and cover purchased meets market requirements and is cognisant with the boundaries of the group's risk appetite and strategy.
  • Support the Head of Contract Wordings to embed a riskbased culture of contract wordings through use of the underwriting system data, and underwriting team 'wordings champions', and to embed minimum clause standards to enhance exposure management capabilities.
  • Communicate and disseminate information internally, interact with and solicit support from other areas of the business, particularly claims, legal, finance, compliance and operations.
  • Produce and publish internal guidance and prepare and deliver internal presentations, workshops and training sessions. Mentor junior underwriters on contract wording issues.
  • Visit other office locations to ensure group requirements are aligned and understood. Participate in Client, Reinsurer and Intermediary visits to maintain awareness of market trends and issues and to reach agreement on strategy.
  • Interrogate data and provide regular updates and reports to underwriters and senior management relating to extended coverage and contract wording trends.
  • Play an active part in internal workstreams and projects to improve standards and risk controls.
  • Participate in external working parties and interact with market bodies, attend external meetings and actively engage with peers in the market to keep improving standards.

Skills & experience:


  • Knowledge and experience in contract wordings, preferably gained within a (re)insurance company or broking environment.
  • High level of attention to detail and a good standard of English grammar and sentence construction.
  • Enthusiasm and willingness to challenge both internally and externally.
  • Ability to negotiate, influence and effectively disseminate knowledge and articulate opinion, whilst maintaining awareness of commercial environment.
  • Selfmotivated with the ability to work on own initiative and as part of a team.
  • Flexible approach to work with the capability to plan, prioritize and handle workload to ensure expectations of stakeholders are effectively managed during peak renewal periods.

Other:


FIDELIS MGU ETHOS
Our culture is defined by our ethos. It is the foundation of who we are and the core of everything we do.

  • Results
  • We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decisionmaking and clear prioritised accountability.


  • Innovate

  • We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.


  • Include

  • We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution


  • Unite

  • We operate as team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.


  • Respond

  • We work in a business exposed to sudden shocks and changes elemental, political, economic and human so we remain nimble and ready for change.

DIVERSITY, EQUITY AND INCLUSION


Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed.

We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and Fidelis MGU's successes.

This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every
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