Product Specialist
3 weeks ago
This is a crucial role within Vero Insurance that involves acting as a subject matter expert for Policy Wording development. The successful candidate will be responsible for drafting and designing policy wordings to ensure they meet contemporary customer and market needs, as well as comply with all Regulatory requirements.
The role also involves facilitating the wording review with key stakeholders and SMEs and understanding how the products are delivered through the value chain and operate in the market.
Main Responsibilities
- Analyse and address any Product enhancement opportunities with the Product Manager
- Work effectively with Legal to execute feedback, assess terms, conditions analyse impact & product gaps to ensure wordings are fit for purpose and compliant
- Consider customer and market lenses in developing wording recommendations and coverage options
- Integrate understanding of distribution and market dynamics into document design considerations (including endorsements, Certificate of Currency and other components of the cover contract)
- Align this Program of Work to ensure Commercial Products and their management comply with Vero Insurance's Product and Platform standards and the Regulatory risk environment
- Ensure that Commercial products are suitable for our target market customers and segments.
Requirements
- Experience working in General Insurance wording development
- A technical background working with a range of insurance product wordings
- An eye for detail as well as a pragmatic approach demonstrating well-developed commercial acumen
- Experience in General Insurance Technical Claims or Underwriting
- Strong Insurance policy wording drafting skills, particularly the ability to write in plain language and undertake sustained periods of editing and review
- General Insurance Legal Experience desirable
About Vero Insurance
Vero Insurance is a leading provider of insurance solutions in Australia. We pride ourselves on our commitment to excellence and our dedication to providing exceptional customer service. If you are a motivated and experienced professional looking for a new challenge, we encourage you to apply for this exciting opportunity.
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