Senior Wording Specialist - MGA/ DUA

Travelers ,
London, Greater London
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Job Description

Company Information Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference. Job Category Legal, Underwriting Target Openings 1 Job Description Summary We have a new exciting opportunity for a Senior Wording Specialist to support our MGA and DUA business. You will work with business unit leaders and the Head of Product Development to manage and draft our MGA and DUA insurance contract wordings, as well as reviewing and developing sound technical underwriting standards. We aim to offer an inclusive and flexible approach to how and when you work, as well as good work-life benefits. We are happy to discuss all types of flexible working with you, when you join us for your interview. While we may not be able to accommodate exactly what you want, we are always open to having the conversation. Primary Job Duties & Responsibilities Be Committed, Be Connected, Be Creative and Be Energised - these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making this a great place to work. The following key activities form a core part of your role; + Policy Wordings and MGA/DUA agreement contracts: + Manage and undertake policy wording development and control across all lines of business ensuring TRV Wordings are robust and accurately drafted. + Maintain a review of wordings ensuring that the status of outstanding wordings is known at any time and that the appropriate steps are taken to chase any overdue wordings in a timely fashion. + To liaise with underwriters and brokers to ensure that slips and wordings meet pre-bind quality assurance before inception. + Manage and facilitate, the amendment and drafting of policy wordings to ensure compliance with underwriters intended depth and breadth of coverage. + Report wordings and documentation issues to underwriters/Manager on an exception basis so that underwriters are aware of the issues and can act accordingly. + Build and maintain relationships with brokers/underwriters so that wordings and documentation issues are resolved quickly and to the satisfaction of all parties. + To ensure consistency and integrity within wordings is maintained. + Work with the Delegated Authority Coordinator to ensure appropriate wording of Binding/TPA Agreements themselves and accompanying Certificates. + To review and advise on TSM and TICL outwards reinsurance wordings in conjunction with the purchasing underwriter and the Outwards Reinsurance Manager. + Technical. + Manage and execute Technical projects relating to issues that impact the Company's underwriting operations including: + Monitoring & reviewing corporate appetite, Policy coverage, the legal, regulatory and statutory (where relevant) environment, industry developments & claims trends. + Define, develop European Underwriting positions and guidelines. + Establish (or oversee) corporate underwriting appetite to ensure constancy across Europe. + Emerging Issues. + Identify trends and opportunities. Perform research, develop strategies and act as resource for Risk Committee and Senior Management. + Liaison with US parent in respect of emerging issues, corporate underwriting stance, coverage and product development. + Represent the Company at relevant industry seminars and other forums to assimilate changes that represent opportunities or threats for the Company's underwriting operations. + Act as a technical reference point for underwriting business units and provide clarity, advice on technical issues. + Product Development. + Actively participate in Product Development (both new and existing) providing technical expertise, input and guidance. + For both new and existing Product Development, undertake, manage and facilitate policy wording development and control (ensuring wordings are robust, accurately drafted and maintain commonality, where appropriate). + Technical Training. + Assist in respect of development /provision & maintenance of Technical Training materials particularly in respect of compliance with Lloyds Market reform initiatives and respond as appropriate to claims trends, technical issues and industry requirements. + Other Duties. + Ensure that effective recruitment, retention and succession planning is in place and that all staff training and development needs are identified, acted upon and documented. + Achieving the annually agreed performance objectives. To be successful you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model and behave in a way that actively supports an inclusive work environment; and consistently deliver on your commitments. Minimu

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