Job Title: Senior Legal Counsel -
Salary: from £100,000 + 25% Bonus
Mostly remote (One day a week)
About Us: We're currently seeking a Specialist Legal Counsel / Senior Insurance Lawyer to join our team
EXPERIENCE OF WORKING IN THE GENERAL INSURANCE SECTOR
PREFERABLY +10 YEARS PQE
You'll play a crucial part in providing expert Insurance Distribution advice across the Group. Working closely with senior stakeholders and the Head of Legal, you'll collaborate with legal colleagues to deliver high-quality legal support. Occasional travel to our sites in Guernsey, Gibraltar, and Manchester may be required.
- To be primarily responsible for advising all levels of stakeholders Group-wide on legal and quasi-legal matters.
- Specific depth and breadth of expertise in Insurance Distribution in the context of both broker and insurer, including:
- Working closely with key business stakeholders including Underwriting, Finance, Tax and Claims teams.
- Providing end-to-end legal support in relation to the distribution of the Group's insurance products through a variety of delegated and distribution arrangements and policies. Advising on highly complex claims queries as required. This includes work to design and evaluate new underwriting products and distribution opportunities, supporting broker and distribution ancillary activities including consumer lending.
- Managing all legal issues arising out of and providing expert advice on product distribution, reinsurance relationships, IDD and related governance, TOBAs, profit commissions, Quota Share and Solvency II/Regulatory Capital management.
- Drafting a wide variety of insurance-based agreements (both regulated and non-regulated).
- Primarily responsible for and managing the progress of and provision of advice in respect of challenges from regulatory or quasi-regulator bodies such as HMRC and any non-UK financial services regulatory body.
- Advise on regulatory issues, particularly on FCA (and PRA so far as is required), Gibraltar Financial Services Commission and Guernsey Financial Services Commission matters.
- Review and draft a range of commercial contracts including Material Outsource agreements.
- Advise upon matters of Company law and broader corporate matters.
- Draft insurance policy wordings for motor and ancillary policies.
- Draft company policies and procedures, and complete legal research to ensure they are in line with legislation from the relevant jurisdictions.
- Run contract checks for required contract updates, renewals or redrafting and implications following company change and development and assist in actioning those requirements.
- Liaise with the stakeholders for relevant documentation and completed internal documentation and maintain an accessible filing system for these documents.
What We Offer:
- Competitive salary and benefits/Bonus package
- Opportunities for professional growth and advancement.
- A collaborative and supportive work environment where your ideas are valued.
NO SPONSORSHIP