Beazley Group
Wordings Lawyer
Beazley Group, West Hartford, Connecticut, United States,
Job Title:
Wordings LawyerDivision:
Specialty RisksReports To:
As per Beazley's organisation chartKey Relationships:
Business Management, Specialty Risks Underwriters, Compliance, Innovation and Product Development and all other relevant stakeholdersJob Summary:
Provide underwriting and wordings support to assigned to Environmental Liability team in Specialty Risks and general support across Specialty Risks and other Beazley trading teams as necessary.Salary:
The expected compensation range for this position is $120 - $140k per year plus discretionary annual bonus.Wordings
Primary focus is on drafting policy wordings and endorsements and assisting with bespoke coverage requests to support business/underwriting objectives of the Environmental Liability Specialty Risks teams/focus group.Providing legal advice to the underwriting team to assist in the underwriting process, including review of contractual documentation/transactions document including real estate transactions.Supporting underwriters in negotiations with opposing parties in a transaction on coverage matters.Providing support on underwriting, product development, and coverage issues.If qualified, review confidentiality agreements and warranty statements as needed for US/UK/RoW Specialty Risks Underwriters in order to engage in the underwriting process.Where applicable, participation in US Product Development and Product Delivery process which includes: product development, drafting, addressing questions and objections from state departments of insurance when necessary for US platform products.Where applicable, work on admitted filings and supporting the filing process for wordings and endorsements.Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to Compliance, Claims, Conduct Risk, UW Controls and Operations, Specialty Risks, Marketing and IT.Monitor competitive landscapes for the continuous improvement of wordings and underwriting controls.Participate in Team/Focus Group Business Planning, Away Days, Broker/Client meetings and other Marketing events, as required and appropriate.Provide assistance with additional projects and/or legal services (if qualified) for Business Management, Specialty Risks or other Beazley teams, as needed.Monitor claims developments and impact of wording on claims.General Expectations
It is important that within all your interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing. We also expect Beazley employees to:Comply with Beazley procedures, policies and regulations including the code of conduct.Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit).Display business ethics that uphold the interests of all our customers.Ensure all interactions with customers are focused on delivering a fair outcome.Comply with any specific responsibilities necessary for your role as outlined by your line manager.Carry out additional responsibilities as individually notified.Education and Qualifications
Undergraduate Degree or Law Degree preferred.Skills and Abilities
Organized and detail-oriented.Good working knowledge of MS Office.Ability to communicate effectively with others, both verbally and in writing.Self-motivated team worker who is also able to work on own initiative.Proven ability to manage time, meet deadlines, and prioritize.Able to maintain standards and professionalism during periods of fluctuating workloads.Knowledge and Experience
Relevant professional level experience required.Insurance-related experience preferred.Strong client service skills required, with experience of environmental law, real estate transactions preferably with a focus on brownfield properties.Aptitude and Disposition
Task-focused, self-motivated and flexible.Consistently professional approach.Able to successfully interact with managers/underwriters/colleagues/external suppliers.Positive, enthusiastic and service-oriented.Competencies
Achievement orientation.Analytical thinking.Information Seeking.Customer focus.Team working.Initiative.Problem Solving.Developing People.Detail Oriented.
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Wordings LawyerDivision:
Specialty RisksReports To:
As per Beazley's organisation chartKey Relationships:
Business Management, Specialty Risks Underwriters, Compliance, Innovation and Product Development and all other relevant stakeholdersJob Summary:
Provide underwriting and wordings support to assigned to Environmental Liability team in Specialty Risks and general support across Specialty Risks and other Beazley trading teams as necessary.Salary:
The expected compensation range for this position is $120 - $140k per year plus discretionary annual bonus.Wordings
Primary focus is on drafting policy wordings and endorsements and assisting with bespoke coverage requests to support business/underwriting objectives of the Environmental Liability Specialty Risks teams/focus group.Providing legal advice to the underwriting team to assist in the underwriting process, including review of contractual documentation/transactions document including real estate transactions.Supporting underwriters in negotiations with opposing parties in a transaction on coverage matters.Providing support on underwriting, product development, and coverage issues.If qualified, review confidentiality agreements and warranty statements as needed for US/UK/RoW Specialty Risks Underwriters in order to engage in the underwriting process.Where applicable, participation in US Product Development and Product Delivery process which includes: product development, drafting, addressing questions and objections from state departments of insurance when necessary for US platform products.Where applicable, work on admitted filings and supporting the filing process for wordings and endorsements.Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to Compliance, Claims, Conduct Risk, UW Controls and Operations, Specialty Risks, Marketing and IT.Monitor competitive landscapes for the continuous improvement of wordings and underwriting controls.Participate in Team/Focus Group Business Planning, Away Days, Broker/Client meetings and other Marketing events, as required and appropriate.Provide assistance with additional projects and/or legal services (if qualified) for Business Management, Specialty Risks or other Beazley teams, as needed.Monitor claims developments and impact of wording on claims.General Expectations
It is important that within all your interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing. We also expect Beazley employees to:Comply with Beazley procedures, policies and regulations including the code of conduct.Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit).Display business ethics that uphold the interests of all our customers.Ensure all interactions with customers are focused on delivering a fair outcome.Comply with any specific responsibilities necessary for your role as outlined by your line manager.Carry out additional responsibilities as individually notified.Education and Qualifications
Undergraduate Degree or Law Degree preferred.Skills and Abilities
Organized and detail-oriented.Good working knowledge of MS Office.Ability to communicate effectively with others, both verbally and in writing.Self-motivated team worker who is also able to work on own initiative.Proven ability to manage time, meet deadlines, and prioritize.Able to maintain standards and professionalism during periods of fluctuating workloads.Knowledge and Experience
Relevant professional level experience required.Insurance-related experience preferred.Strong client service skills required, with experience of environmental law, real estate transactions preferably with a focus on brownfield properties.Aptitude and Disposition
Task-focused, self-motivated and flexible.Consistently professional approach.Able to successfully interact with managers/underwriters/colleagues/external suppliers.Positive, enthusiastic and service-oriented.Competencies
Achievement orientation.Analytical thinking.Information Seeking.Customer focus.Team working.Initiative.Problem Solving.Developing People.Detail Oriented.
#J-18808-Ljbffr