Technical Underwriting Specialist, Policy Wordings
Benefact Group
full-time
Posted on:
Location Type: Hybrid
Location: Brighton • United Kingdom
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About the role
- Drafting and reviewing policy wordings, summaries of cover, application forms and clauses ensuring they comply with legal, reinsurance and regulatory parameters
- Developing and reviewing products as required by the business including wordings, product development and governance
- Working with Group Underwriting and third party suppliers to agree and sign-off new policy wordings and other policy documentation
- Reviewing and developing free-format clauses drafted within the business
- Researching wider market products and propositions, to assist with product development, feeding into Product Oversight and Governance as required
- Researching issues connected with policy wording development and escalating wordings issues to the wider business
- Acting as a specialist referral point and coach around policy wordings and reinsurance, supporting the business unit in ensuring that standards are met and technical expertise cascaded, meeting defined levels of service (SLAs)
- Understanding and operating within regulatory framework including ELTO, product oversight and governance, audit and DA management and identifying and escalating any risks to the business
- Working in partnership with Underwriting Operations to enable underwriting of quality business within appetite
- Working with Distribution to review options to improve our proposition
- Undertaking Underwriting Development projects
Requirements
- Experience of drafting policy wordings
- Cert CII. Dip CII preferred, or working towards
- Detailed knowledge of general insurance principles
- Solid understanding of the regulatory framework
- Experience identifying and escalating risk
- An analytical approach with high levels of attention to detail
- Clear and concise written communication with experience of submitting balanced and well considered recommendations
Benefits
- Competitive salary - let's discuss it
- Hybrid working
- Group Personal Pension - up to 12% employer contribution
- Generous annual bonus scheme between 6% and 24%
- 25 days annual leave plus bank holidays, and a holiday buy and sell scheme
- An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
- £200 annual personal grant to a charity of your choice
- Encouraged to take at least one volunteering day per year
- Employee Assistance Programme
- Full study support to gain professional qualifications
- Access to virtual GP
- Enhanced maternity and paternity pay
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
drafting policy wordingsproduct developmentgovernancepolicy documentationrisk identificationanalytical approachattention to detailwritten communicationrecommendation submission
Soft Skills
coachingcollaborationproblem-solvingattention to detail
Certifications
Cert CIIDip CII