Product Specialist

5 days ago

Sydney, New South Wales, Australia Vero Insurance Full time

Product Specialist Role Overview

This is a crucial role within Vero Insurance, where you will act as a subject matter expert for Policy Wording development. Your primary focus will be on ensuring policy wordings meet contemporary customer and market needs, while complying with all Regulatory requirements.

Key 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

Culture:

Vero Insurance promotes a high-performance culture where people are rewarded for effort and dedication. We recognise and value commitment and encourage our people to maintain a healthy balance between their career and personal time.

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