Wordings​/Contracts Specialist

Overview

London, UK

Our Global Wordings team has an exciting opportunity for an ambitious and adaptable individual to join as a Wordings Specialist. You will be an integral part of the team and the wider Legal department supporting the underwriting business across all product lines, covering a wide variety of complex risks. You will have the opportunity to demonstrate technical drafting skills and advisory services to underwriters, their clients and brokers to provide a service differentiator for AXA XL.

• Analysing – reviewing our existing products, new products and those of our competitors, including analysis and explanation of individual clauses right through to entire product wordings, with a focus on delivering a timely and commercial solution to issues raised
• Creating & Innovating – working closely with key stakeholders to build new insurance products from scratch or refine or expand existing products, leading innovation for the AXA XL brand
• Teamwork – collaborating with colleagues across the Wordings team, the wider Legal Department and beyond (Claims, Compliance, Conduct Risk) to deliver on team goals, service delivery requirements and internal projects
• Training and Developing – sharing best practice solutions across the wider business and with more junior wordings colleagues, delivering presentations to underwriting teams, providing pre-bind and post-bind technical wording advice
• Supporting underwriters in achieving underwriting discipline through coverage analysis and offering robust wording solutions, highlighting potential coverage exposure to emerging risks
• Governance and Contracts Certainty – ensuring contract certainty and adhering to governance principles in reviewing, managing and advising on contractual terms in accordance with underwriting, legal, risk, compliance and regulatory standards and requirements
• Collaboration – delivering a fast, efficient, high-quality service to internal underwriting partners, with clear and regular communication and understanding of their business needs

You will report to a Wordings Manager.

We’re looking for someone who has these abilities and skills:

• Ability to interpret and analyse (re) insurance clause and/or wording requests and to draft from scratch in English
• Confidence to deliver wording solutions to underwriters, brokers and peers both in writing and face to face
• Comprehensive understanding of the business, legal and compliance needs for individual insurance classes
• Ability to plan and self-manage workload and work under pressure while meeting deadlines and prioritising
• Ability to work as part of a team and independently with little supervision, exercising independent judgement
• Demonstrable wordings experience and a proven record of working with (re) insurance wordings
• Analytical and critical thinking, technical proficiency of the underwriting function and strong interpersonal skills
• Ability to interrogate and explore complex concepts relevant to policy coverage
• Understanding of how insurance products are constructed and perform in the real world

Desired

Skills and Abilities

• In-depth understanding of standard market clauses and class-specific wording structures
• Experience using contract analytics technology tools
• ACII or legally qualified or working towards qualification

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. AXA XL aims to attract, develop, advance and retain an inclusive workforce and create a culture where everyone can bring their full selves to work. It’s about helping one another and the business move forward.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 chapters globally
• Flexible working arrangements support
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at  AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL’s reward…