Policy Wording Specialist

Title:

Policy Wording Specialist

Company:

Everest Advisors (Uk), Ltd.

Job Category:

Operations

Job Description:

It is an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider, operating for over 50 years through subsidiaries in the Bermuda, Canada, Europe, Asia Pacific, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

• Generous tuition/continuing education reimbursement

• Mentoring opportunities

• Flexible work arrangements

• Talent development initiatives

• Networking groups

This position can be based in either our London, Dublin, Paris or Madrid or Düsseldorf office with a hybrid schedule that has the option of working two days remotely each week.

Team Overview:

Everest International Insurance, a member of Everest Group, is recruiting for a Wording Specialist to support our international business expansion across all Property and Casualty and Group Accident and Health lines of business. 

This is a unique and exciting opportunity to join Everest’s International Wordings team in a period of rapid international expansion. Reporting into the Wordings Counsel, International, you will join the growing Wordings team in servicing all of our International offices in their commercial insurance product development.

You can be based in either London, Dublin, Paris, Madrid or Dusseldorf, with the flexibility to work from home two days per week. Ad hoc travel may be required.

Role Purpose:

A fantastic position for anyone with a passion for drafting insurance coverage, and the ambition to create products from scratch; you will be responsible for working with numerous business functions to create proprietary Policy Wordings and Endorsements across Everest’s Property and Casualty and Group Accident and Health insurance lines of business to support our international business expansion. You will also be involved in conducting policy reviews in addition to negotiating and advising on insurance coverage.

Key Accountabilities:

• In partnership with the respective lines of business, research, draft and review Policy Wordings and Endorsements for Everest International Insurance across all Property and Casualty and Group Accident and Health lines of business. Support with the localisation of Policy Wordings and Endorsements internationally.
• Support and advise lines of business with the development and analysis of coverage.
• Conduct reviews of proprietary, broker and competitor Policy Wordings including ad hoc reviews of manuscript Policy Wordings and/or Endorsements as required.
• Liaise among the respective line of business and Legal, Claims, Chief Underwriting Officer and Compliance functions to ensure that Policy Wordings and Endorsements meet each of those departments’ requirements.
• Manage external legal firms and translation firms internationally and ensure vendors provide timely and quality work. Review vendor invoices.
• Drive wording clarity, consistency and conformity and maintain and update manuscript policy checklists to ensure that Policy Wordings and Endorsements match Everest’s underwriting intent.
• Update the Policy Wordings Library.
• In conjunction with line of business leaders, engage and participate in meeting with brokers and/or clients to develop Policy Wordings and Endorsements.
• Assist with and deliver training and thought leadership to the Business.

Professional Experience:

• Law degree or substantial proven experience drafting legal contracts with technical knowledge of the insurance law of your respective location;
• Proven experience within the insurance industry, and knowledge of technical drafting ;
• Strong background in commercial Property and/or Casualty Insurance;
• Technical insurance industry knowledge.
• Legally qualified solicitor or barrister in either England & Wales, Ireland, France, Spain or Germany preferred;

Skills & Abilities:

• Ability to multi-task and adapt to a fast-paced environment;
• Excellent English oral and written communication skills. Spanish, German, or French are not required, but a plus;
• Candidates with experience across multiple jurisdictions preferred.

Competencies:

• Collaborative;
• Intellectually curious and creative;
• Relentless attention to detail;
• Highly proficient with Microsoft Word;
• Ability to prioritise and work on multiple tasks;
• Commercial outlook and clear understanding of the business needs.

Everest Values and Behaviours:

Our recruitment practices assess candidates’ behaviours, competences, and capability to ensure they are fit to fulfil their roles and carry out their duties with a high degree of integrity and commitment. Through our organisation values and colleague behaviours, we encourage cultivating a positive ethical culture, meeting our regulatory requirements and conduct standards by ensuring clear lines of responsibility, accountability, and a focus on fair customer outcomes.

This includes all staff complying with the PRA/FCA SM&CR Conduct Rules, at all times. The Conduct Rules are as follows: 1) to act with integrity, 2) to act with due skill, care and diligence, 3) to be open and co-operative with the FCA, the PRA and other regulators, 4) to pay due regard to the interests of customers and treat them fairly, 5) to observe proper standards if market conduct, and 6) act to deliver good outcomes for retail customers.

Our values are the ideals we aspire to so that we can live up to the promise of our brand and underwrite opportunity for all our stakeholders. They are the guiding principles that inform our decisions, actions, and behaviours. The role holder will be required to embrace the Everest Core Values: Talent, Thoughtful assumption of risk, Execution, Efficiency, Humility, Leadership, Collaboration, Diversity, Equity, and Inclusion.

Our behaviors define how we operate: Respect Everyone, Pursue Better, Lead by Example, Own our Outcomes, and Win Together. All colleagues are held accountable for embodying our behaviors and are evaluated on these as part of their performance.

Type:

Regular

Time Type:

Full time

Primary Location:

London

Additional Locations: