About us
Avencia Consulting are recruiting on behalf of a leading Reinsurer based in the City who are looking for a Contract Wordings Specialist to join.
The role
The role services all inwards, outwards and internal contract wordings and related supporting documentation. Covering a broad spectrum of business across Speciality, Delegated and Bespoke. The role is based onsite in their London office, with the opportunity to work in other locations.
Key accountabilities
Review, draft and negotiate the content of contract wordings and related supporting documentation to ensure the terms clearly reflect the coverage being provided.
Maintain repository of contract clauses, subjectivities and guidance to support the contracts process.
Carry out post-inception sampling of contracts to ensure standards are maintained.
Communicate and disseminate information internally, interact with and solicit support from other areas of the business, particularly claims, legal, finance, compliance and operations.
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.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.
Self-motivated with the ability to work on own initiative and as part of a team.
Flexible approach to work with the capability to plan, prioritise and handle workload to ensure expectations of stakeholders are effectively managed during peak renewal periods