Wordings Technician - 12 month FTC
London, United Kingdom
004112
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
About the Position
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
Technical Wording Review & Drafting
- Conduct Second Pair of Eyes (SPOE) reviews of wordings drafted by junior Wordings Technicians.
- Review and validate Terrorism, Political Violence and Crisis Management / Active Assailant wordings.
- Assist with drafting renewal wordings, endorsements and amendments for International Property (Rest of World) and North American Property teams.
- Draft bespoke clauses and extensions on an as-needed basis to address client, broker or underwriter requirements.
- Review Property ROW and NAP wordings against drafted Market Reform Contracts (MRCs) to ensure the wording and MRC are fully aligned, including limits, sublimits, deductibles, conditions, exclusions, extensions and endorsements.
Coverage Analysis & Comparisons
- Conduct technical wording reviews for the UK Retail Team.
- Prepare wording comparisons where a client is considering moving from one market wording to another.
- Identify differences in coverage, definitions, exclusions, extensions, deductibles, sublimits and policy triggers.
- Provide clear, practical summaries of coverage enhancements, restrictions and points requiring broker or underwriter clarification.
Quality Assurance, Tracking & Reporting
- Maintain and update the manual wording tracker spreadsheet, including wordings drafted, issued, returned and outstanding.
- Produce weekly reports for Property ROW and NAP teams showing overdue wordings and documentation not yet returned to the Wordings Team.
- Escalate overdue or unresolved items where required to maintain workflow discipline and audit trail integrity.
- Support good file governance by ensuring wording activity and status updates are accurately recorded.
Market, Team & Technical Support
- Attend weekly NAP and Terrorism meetings.
- Report back to the relevant teams on wording issues, underwriter queries, new clauses, emerging market practice and significant Lloyd's / LMA clause developments.
- Assist with ad hoc wording reviews for new Property ROW and NAP accounts.
- Act as a technical wording resource to brokers and producers, providing concise and commercially practical feedback.
Qualifications
- Strong understanding of commercial property insurance, business interruption, Terrorism, Political Violence and Crisis Management / Active Assailant wordings; familiarity with London Market and Lloyd's structures; ability to interpret MRCs and policy documentation.
- Experience reviewing, drafting or amending policy wordings, endorsements, extensions, exclusions and manuscript clauses with a high level of accuracy.
- Ability to identify gaps, inconsistencies and ambiguity between wording, MRC and placement intent, and to propose practical solutions.
- Strong attention to detail and confidence conducting SPOE reviews of junior team members' work.
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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