Beazley
Wordings Lawyer
Beazley, Chicago, Illinois, United States, 60290
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 stakeholders.Job Summary:
Provide underwriting and wordings support to the Environmental Liability team in Specialty Risks and general support across Specialty Risks and other Beazley trading teams as necessary. Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $120 - $140k per year plus discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role.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 team.Providing legal advice to the underwriting team to assist in the underwriting process, examples include 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 - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. 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) either directly, via e-learning or the learning management system.Display business ethics that uphold the interests of all our customers.Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.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.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 stakeholders.Job Summary:
Provide underwriting and wordings support to the Environmental Liability team in Specialty Risks and general support across Specialty Risks and other Beazley trading teams as necessary. Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $120 - $140k per year plus discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role.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 team.Providing legal advice to the underwriting team to assist in the underwriting process, examples include 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 - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. 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) either directly, via e-learning or the learning management system.Display business ethics that uphold the interests of all our customers.Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.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.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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