Wording Consultant - London, United Kingdom - QBE

QBE

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Primary Details

Time Type:
Full time

Worker Type:
Employee

To support underwriters (as trusted adviser) in the execution of their strategic deliverables and enhancing their product proposition by providing legal, regulatory and product development expertise.

Primary Responsibilities

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.
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
Support and lead on accurate, timely and relevant service delivery to underwriters
To propose and support EO Legal and Regulatory and Wordings Team initiatives which provide practical support to the business
Liaise, as required, directly with underwriters, brokers, policyholders and other clients at a senior level and maintain strong relationships with these stakeholders.
Attend and participate regularly in underwriter team meetings as well as EO Wordings team meetings.
Ensure stakeholders expectations are managed with "no surprises" culture adhered to
Collaborate with other disciplines within EO Legal & Regulatory and Underwriting Governance teams to support professional development and information sharing
Put conduct risk at the heart of product proposition
Share legal, regulatory and commercial developments with EO Legal & Regulatory and develop and share appropriate responses to same
Leads at all times with putting the product and customer at the heart of our proposition
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
Continuously review opportunities and contribute to plans for product development and density
Strong 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
Provide credible support to the business when meeting clients and negotiating with brokers
Observes the EO Legal and Regulatory team charter and leads by example
Supports the Head of Wordings in motivating and developing the team members to the required standards of performance and is involved in supporting the continuing personal and professional development of team members
Increases team capability and quality of output by sharing knowledge and best practice
Actively encourages feedback and celebrates success

Preferred Competencies/Skills

Excellent client interpersonal skills
Excellent communication and presentation skills
Strong policy and drafting and negotiating skills
A team player
Confident to act independently as regards coverage scope but within the appropriate authority.
Proactive in approach to work
Attention to detail

Preferred Experience

Common sense approach to resolution of problems
Resource and budget management/planning
Successful face to face dealings at a senior level with commercial clients, stakeholders and brokers
Underwriting or equivalent commercial experience preferred
Typically five years in a respected transactional insurance practice or equivalent in insurance litigation

Preferred Knowledge

English law practicing certificate
ACII preferred
Excellent technical understanding of insurance regulation and market practice
Extensive technical insurance knowledge in selected lines
Sound knowledge of office products
Sound knowledge of MS Office products
Competent understanding of the law of tort and contract as relates to policy drafting

QBE Cultural DNA

US Only - Disclaimer

To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.

Global Disclaimer

The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee's normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other