Wordings/Contracts Manager

London, UK

Our Global Wordings Services team has an exciting opportunity to join them as a Wordings Manager. You will be an integral part of the team supporting the underwriting business across all product lines covering a wide variety of complex risks. You will have the opportunity to demonstrate your technical drafting skills and advisory services to the underwriters, their clients and brokers in order to provide a service differentiator for AXA XL. This role requires a high standard of strategic leadership, technical, collaborative skills, and a willingness to seek continual process improvement opportunities.

DISCOVER your opportunity

What will your essential responsibilities include?

· Teamwork – collaborating with colleagues across the Wordings team, the wider Legal Department and beyond in order to deliver on team objectives and service delivery requirements. Cultivating a safe and inclusive value-based culture based on robust leadership and high performance whilst fostering team spirit and a sense of purpose.

· Governance and Contracts Certainty - the ability to ensure contract certainty and adhere to governance principles in reviewing, managing, and advising on contractual terms in accordance with underwriting, legal, risk, compliance and regulatory standards and requirements.

· Leadership - responsible for coaching, developing and motivating direct reports and junior members of the team. Responsibilities including but not limited to; recruitment and selection; staff appraisals; workforce planning; providing feedback and training opportunities; proactively addressing staff grievance and performance issues and reward and remuneration in accordance with AXA XL’s policies and practices.

· Role models by setting a high bar for performance, engagement and commitment. Ability to coach, develop, set expectations, evaluate and hold people accountable for delivering. Takes initiative and has the ability to lead independently.

· 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, always with a focus on delivering a commercial solution to any issued raised.

· Collaboration – working closely with key stakeholders to build new insurance products from scratch and/or refine or expand existing products. Deliver a fast, efficient, and high-quality service to our internal underwriting partners prioritizing their and the policyholders’ needs at all times. Keeping clear and regular communication with the underwriting teams, understanding their business, needs and demands.

· Technology – an ability to embrace new technologies, being proficient in using, managing, and seeking out improvement opportunities for contract management systems and tools including some capability to adapt to and shape emerging contract management technologies.

· Training and Development– developing team colleagues and sharing best practice solutions across the wider business.

· Oversight of wordings instructions from various lines of business, ensuring that caseloads are appropriately managed within the team and high levels of quality, consistency and service are maintained.

· Assisting the Head of Wordings with setting the goals and the strategic direction of the Wordings Team.

· Project managing team-specific projects and assisting with company-wide projects. Identifying trends and systemic issues arising from the team’s wording reviews. Generating reports and presenting information to upper-level managers and other parties.

· Analytical and critical thinking, technical proficiency of the underwriting, robust interpersonal skills.

You will report to the Head of Global Wordings.

SHARE your talent

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

· An ability to think creatively and provide underwriters, brokers, and clients with practical wordings solutions.

· An ability to interrogate and explore complex and abstract concepts relevant to policy coverage.

· An ability to communicate ideas simply, both in writing and face to face.

· A comprehensive understanding of insurance law concepts.

· First class drafting skills in English.

· An understanding of how insurance products are constructed and perform in the real world.

· A logical and methodical approach.

Experience in the following areas is desirable but not essential:

· Leading projects and taking responsibility for colleague performance and development.

· Specialty lines products, high product risk business and delegated authority business.

· The use of contract analytics technology tools and proficiency in more general systems, and MS applications (excel and PowerPoint)

· Has the gravitas and technical expertise to serve on recognized London market wordings committees

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com

Inclusion & Diversity

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.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
Robust support for Flexible Working Arrangements
Enhanced family friendly leave benefits
Named to the Diversity Best Practices Index
Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability

Insurance Contracts jobs

Wordings / Contracts Manager