Wording Specialist - Aventum
The role holder will provide technical analysis of (Re)insurance contracts and Endorsements and Policy Wordings, over a range of classes of Business/Insurance, providing compliant, Product and business sensitive wording, including Legal and Regulatory solutions.
Acting as the wording specialist drafting and validation in terms of regulatory requirements and FCA principles
Perform review of existing Group and Third Party policy wordings, across all manner of placement types, including Open Market and Policies issued off Delegated Authorities
Have in-depth knowledge of insurance terminology across a broad Product Line base, working within Group Product Governance framework
Assess needs and provide solutions to facilitate agent, third party administrator and carrier contractual agreements
Identify issues and provide solutions in a timely manner taking into account the different dynamics and business needs
At least 5 A-C Grade GCSE's including English, Maths and ICT
Insurance qualifications e.g. CII (Desirable)
Experience of drafting reinsurance treaties and other London Market products
Experience of working with non UK markets
3-5 years relevant experience in insurance be it in claims, legal or compliance
Experience of contracting with agents, third party administrators and insurance carriers
Use formal reporting mechanisms, as defined by Risk and Compliance or Internal Audit, to promptly notify relevant parties of any perceived new risks or failures of existing control measures
At all times, consider the effect of any actions taken on the customers of the Company, with the intention of improving their experience
All employees must endeavour to provide accurate, complate and appropriate data, in accordance with the Company's data policy, as part of their roles and responsibilities at all times
Skills & Abilities
Proven ability to communicate actively and effectively with strong prioritisation skills
Proactive and dynamic problem solver with a talent for dealing with ambiguity
Organised, methodical and analytical
Enthusiastic and Outcome focused, with a Professional approach to relationships
Team worker with the ability to work on own initiative, who is self-motivated
Headquartered in London, but with offices internationally, Aventum (formerly Direct Insurance Group) is a niche Reinsurance, Underwriting and Wholesale business with key markets in Asia, Ireland, Eastern Europe, Latin America, the Caribbean, United States and the UK. Founded in 1996 as a regional UK-focused retail broker, the Group now operates globally with a team of around 200 skilled professionals. Group premiums are now in excess of $600 million. The Company continues to grow year on year. Within the group, insurance solutions are provided under a number of distinct brands.
Our teams are diverse in nature, reflecting the markets where we do business. Teams are empowered and enabled to make decisions, meaning that the Company remains an agile player in its markets. We are one family of employees that listens and values ideas and innovation. As the business continues to grow, the Company offers outstanding scope to develop and build a rewarding, successful career.