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Senior Wordings Lawyer
- Posted 08 September 2024
- Salary £130000 - £140000 per annum + bonus + benefits
- LocationCity of London
- Discipline 合規與法律
- ReferencePM48929
- Contact NamePaul Miller
Job description
A major reinsurance organisation is currently seeking a Senior Wordings Specialist.
Main Purpose of the Role:
To support underwriters and claims handlers in all non-contentious reinsurance wordings questions an international P&C reinsurance business.
Key Responsibilities:
- Act as a technical expert for wordings issues on treaty and facultative reinsurance business across international P&C business;
- Assess proposed wordings for compliance with internal guidelines, clarity, accuracy and completeness, drafting amendments as needed and providing non-technical explanations of your analysis to underwriters, client managers and claims handlers;
- Develop new clauses and wordings as required;
- Help to identify emerging risks and shape wordings requirements in relation to them;
- Share your expertise with internal and external clients through workshops, training sessions and briefing notes;
- Be actively involved in development of market standard wordings through participation in trade associations;
- Contribute to the peer review process;
- Deputise for the Head of Wordings
Qualifications & Experience:
- Minimum upper second class honours degree/ Volljurist with first or second Staatsexamen mit Prädikat;
- Admitted to practice as a lawyer in the UK or Germany;
- Significant prior experience in P&C (re)insurance, whether at a specialist law firm or in-house as part of an underwriting, claims, wordings or legal team, including giving advice on complex coverage issues.
Behavioural Competencies:
- Excellent knowledge of contract law and insurance contract law;
- English and ideally German language skills to native speaker level;
- Exceptional drafting and communication skills, able to tell the story behind a wording through giving realistic examples and explaining pros and cons of alternative constructions;
- Strong research skills;
- Able to combine attention to detail with sound commercial judgement;
- Responsive, able to balance competing priorities and deliver under time pressure;
- Co-operative and solution-focused working style;
- Inspires trust and confidence;
- Comfortable in an international environment spanning multiple jurisdictions.
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