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Resumen
Job Title: First Party Wordings Specialist
Division: Property
Reports To: As per Beazley’s organisation chart
Key Relationships:
Head of First Party (FP) Wordings and all members of the FP wordings Team, European Underwriters in all FP teams, Claims staff, Compliance and other staff and brokers.
Job Summary:
To supervise and administer a quality control on wordings across all First Party lines of business. Ensure all Contract Certainty, Tax and Regulatory checks are completed. To Liaise and work with any First Party Team and relevant Underwriters in drafting of new wordings and launching of new Products. To the extent required by head of FP wordings.
Who We Are
Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We employ over 2,500 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work in an adult environment that’s big on collaboration, diversity of thought & personal accountability.
Our three core values inspire the way we work and how we treat our people & customers – 1) Being bold 2) Striving for better 3) Doing the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious L&D & Sustainability targets are testament to this.
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.
Key Responsibilities
Review and administer a quality control on all wordings written within First Party lines of business.
Ensure all wordings and endorsement are in line with the relevant Focus Groups RAG document.
Ensure all wordings and endorsements are drafted in line with local jurisdictions.
Monitor and chase for receipt of outstanding Wordings and other documentation from brokers.
Advise Underwriters on the merits/demerits on forms/clauses used on all documents.
Develop network opportunities across the business, to identify best practice and develop standardised guidelines to take advantage of wordings experience in formalising contracts.
Liaise with Brokers and monitor wordings, which are returned to brokers for changes.
Monitor and react to such Legal and Legislative developments that affect the Company’s and the Department’s environment.
Educate and train others on all Legal and Legislative matters e.g. Underwriting /Claims staff.
Develop a greater knowledge of Wordings and of the business.
Administrative functions including maintenance of a computer environment database for Policy Wordings as required.
Ensure that all wordings that come within the Conduct Risk arena are compliant with the latest Conduct Risk legislation and regulatory requirements.
Complete bi-annual audit of wordings including endorsements, ensuring compliant with RAG document for respective line of business.
Drafting and review of wordings in all relevant areas of the business.
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Skills and Abilities
Strong English language ability, written and spoken
Ability to draft wordings and clauses
Reading of contracts with attention to detail
Ability to negotiate
Understanding of wordings across the market for relevant lines of business
Accurate and numerate
Able to communicate effectively with others, both verbally and in writing
The ability to manage time, meet deadlines and prioritise
Computer skills – good working knowledge of MS Office, Excel and Access skills
Team worker as well as working on own initiative
Knowledge and Experience
Proven experience in insurance industry
Experience in international business
Extended knowledge of wordings/ regulatory guidelines
General commercial and financial knowledge
Aptitude and Disposition
Self-motivated, flexible and enthusiastic
Professional approach to successfully interact with managers/colleagues/external suppliers
Diplomatic
Competencies
Analytical thinking
Conceptual thinking
Information seeking
Customer focus
Team working
Initiative
Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.