Job Description
Legal Counsel (Insurance)
Location: London
Industry: Insurance
Salary: Competitive + Bonus + Benefits
Role: Full-time or part-time role (4 days a week)
WFH: Hybrid working model
Reporting to: Deputy General Counsel
The role:
This is an exciting newly created opportunity for a commercially focused mid-senior level solicitor to take on a dynamic role within the in-house Legal team of a leading Broker.
Key responsibilities:
- Drafting, negotiating and amending a wide and varied range of commercial insurance agreements. This will involve working closely with colleagues to draft and negotiate contracts in line with the strategy and values of the organisation.
- Working closely with the Counterparty Contracts Teams (dealing with Insurance Broking) to review, update and overhaul their suite of contracts and drafting practices for TOBAs, DUAs, ARs and Introducer Agreements.
- Provide training and development of the Counterparty Contracts Teams.
- Developing and maintaining key standard documentation, including playbooks, policies and precedents for certain teams within the business who hold and issue commercial insurance agreements directly.
- Advising on insurance regulatory issues, including Consumer Duty.
- Providing day-to-day advice and negotiating on wider commercial matters.
- Supporting the business in following the right legal contracting compliance procedures, to ensure effective contracting, procurement and negotiation.
- Helping to develop the legal operations within the business, including ways of working and engagement with the business.
The ideal candidate:
- A Qualified Solicitor in England and Wales or equivalent qualification is required.
- At least 3 years of relevant experience within the insurance market is essential.
- Strong technical skills including Lloyds market knowledge in this sector and differing distribution models.
- Strong experience in reviewing and negotiating a broad range of commercial insurance agreements.
- Some management or leadership experience is preferred for this role.
- Strong communication and interpersonal skills to maintain good working relationships with internal and external stakeholders at all levels.
- Knowledge, attention to detail and the ability to work as part of a small highly skilled team is essential as the role will necessarily be broad and varied.
- The ability to prioritise work is essential whilst demonstrating working well under pressure and changing priorities and, over time.
- Knowledge of GDPR and data handling requirements.
Our ambition is simple – to do our best for our people, clients and communities.
We are determined to make a positive difference at work and beyond - this starts with hiring the best talent without consideration of race, religion, colour, national origin, age, gender, sexual orientation, marital status or disability.