Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Legal, Product, Underwriting
Target Openings
1
What Is the Opportunity?
Travelers is looking for a Wordings Specialist to manage the control and development of Travelers own policy wordings!
You will work to review, amend and draft policy wordings to ensure compliance with underwriters' intended depth and breadth of coverage, to ensure that Market reform processes are embedded into Travelers operations.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
This role is eligible for a £1,500 new joiner referral bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.
What Will You Do?
- To review, amend and draft Travelers policy wordings and endorsements to ensure compliance with underwriters' intended depth and breadth of coverage
- To review market, competitor and broker wordings against Travelers standard cover and advise the underwriters of differences and draft amending endorsements where required.
- Act as a technical wordings reference point for underwriting business units and provide clarity and advice on wording issues.
- Report wordings and documentation issues to underwriters/Manager on an exception basis so that underwriters are aware of the issues and can act accordingly.
- To prioritise and resolve any wordings and documentation issues identified.
- Work with the Delegated Authority Support Services, as required, to ensure appropriate wording of Binding/TPA Agreements themselves and accompanying Certificates.
Control & Process:
- Maintain a review of wordings ensuring that the status of outstanding wordings is known at any time. Follow up to conclusion.
- Identify opportunities to improve the wordings process.
- Liaise with underwriters to ensure that slips and wordings meet pre-bind quality assurance before inception.
- Build and maintain relationships with underwriters so that wordings and documentationissues are resolved quickly and to the satisfaction of all parties.
- To ensure consistency and integrity within wordings is maintained.
- To maintain Travelers discipline on managing the wordings and endorsements suite.
Product Development:
- Support new and existing Product Development projects.
- Support the robust, accurate policy wording and endorsement drafting, working within prescribed wording conventions as appropriate.
Technical Training:
- Keep appraised of market and regulatory changes.
- Share technical insight with team members and appropriate business areas
- To attend, where required, both internal and external meetings and industry seminars in relation to wordings.
- To develop and maintain appropriate training materials and provide training presentations to enable Travelers to achieve compliance with technical issues.
Other Duties:
- Effectively prioritise your time, ensuring you meet deadlines and deliverables.
- Develop Junior members of the team
- Achieving the annually agreed performance objectives.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Educated to degree standard.
- Relevant wordings experience gained working within the Company or Lloyd's market.
- Relevant work experience gained within any of the following Property, Casualty, or Motor (from either an Underwriting or Claims perspective preferably with a legal bias).
- Previous exposure of London Market systems/processes beneficial.
Skills and Abilities:
- Strong attention to detail & accuracy, coupled with excellent analytical & problem solving skills.
- Strong organisational skills and
- Acts with a sense of urgency.
- Works effectively with all levels and can build new relationships.
- Develops a high degree of trust through demonstrated persona integrity ethics and a commitment to doing the right thing.
- Takes responsibility for decisions and actions.
- Prioritises and manages own work.
- Understands the business and responds to all related issues, concerns and problems.
What is a Must Have?
- Experience drafting policy wordings.
- Experience managing projects.
What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
