Legal Counsel

Story Terrace Inc.; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Employee share options

Private healthcare

Private pension

25 days’ annual leave

Enhanced parental leave

Cycle to Work scheme

Electric Vehicle schemes

Wellness stipend

Job summary

Story Terrace Inc. is hiring its second lawyer to work alongside the Head of Legal and Compliance.

You will take primary responsibility for the insurance wording and policy documentation workstream, including trade credit insurance policy wordings and endorsements, surety bonds and counterindemnities, and insurance binders, across multiple jurisdictions. Alongside this core responsibility, you will be involved in new product launches, international expansion, regulatory engagement, commercial

Qualifications

• Experience in insurance or reinsurance, private practice or in-house.
• Ability to draft or review policy wordings, endorsements or insurance-related documentation.
• Strong ownership mindset and good judgement on escalation when needed.
• Commercial acumen to balance legal risk with business outcomes.

Responsibilities

• Draft, review and negotiate trade credit insurance policy wordings and endorsements, surety bonds and counterindemnities, insurance binders, and related documentation.
• Maintain policy wordings library and version control across jurisdictions.
• Support new product launches and market entries, coordinating with external counsel when required.
• Review broker terms of business agreements, NDAs, and other commercial contracts.
• Ensure ongoing regulatory compliance, including USA policy wording filings with external partners.
• Monitor regulatory developments and assess implications for the business.
• Create and maintain legal templates, playbooks and process documentation.
• Leverage AI tools to improve efficiency and scale within the legal function.

Skills

Insurance / Reinsurance

Policy wordings drafting

Commercial contracts

Regulatory compliance

AI in legal delivery

Education

Qualified solicitor (England & Wales)

Tools

AI tools

Job description

About Us

We are a rapidly growing managing general agent underwriting trade credit insurance and surety products on. Since launching commercially in 2022, we have expanded across the UK, EU, US and Canada and now serve global corporates through a combination of insurance expertise and proprietary technology.

Named the #4 fastest-growing software company in the UK by the Sunday Times Tech 100, and the fastest-growing insurtech in the UK and Ireland by Sifted.

As we continue to scale internationally, we are hiring our second lawyer to work alongside the Head of Legal and Compliance. This is an opportunity to join a business at an early stage of its growth and gain exposure to a breadth of legal, regulatory and commercial matters that is unusual for a lawyer at this stage of their career.

Important information

Location: London (Bermondsey Street, London Bridge). Four days per week in the office.

Qualification: Qualified solicitor (England and Wales)

Experience: Indicative 3 to 4 years’ PQE with an insurance or reinsurance background

Reporting to: Head of Legal and Compliance

Interview process

• Introductory call
• Head of Legal and Compliance, including case-study
• One of CEO / Group Chief Underwriting Officer

About the Role

You will be the second lawyer in the legal function, working directly with the Head of Legal and Compliance. You will take primary responsibility for the insurance wording and policy documentation workstream, including trade credit insurance policy wordings and endorsements, surety bonds and counterindemnities, and insurance binders, across multiple jurisdictions.

Alongside this core responsibility, you will be involved in new product launches, international expansion, regulatory engagement, commercial contracting and the wider legal and compliance work required by a fast-growing regulated business.

This is a broad role. You will work closely with the Co-Group Chief Underwriting Officer and Group Chief Commercial Officers, take ownership of significant workstreams, and have the opportunity to develop well beyond a traditional insurance legal role.

Key Responsibilities

• Draft, review and negotiate trade credit insurance policy wordings and endorsements, surety bonds and counterindemnities, insurance binders, and related documentation.
• Own and maintain the policy wordings library and version control process across all active jurisdictions.
• Support new product launches and new market entries, working with external counsel where required.
• Review and negotiate broker terms of business agreements, non-disclosure agreements and other commercial agreements.
• Support compliance with ongoing regulatory requirements, including working with our external partners on our USA policy wording filings.
• Monitor regulatory developments and identify implications for the business.
• Build and maintain legal templates, playbooks and process documentation.
• Use AI tools as a core part of legal service delivery, helping the legal function operate efficiently and scale effectively.

You might be a good fit if:

• You have an insurance or reinsurance background, either in private practice or in-house at a carrier, reinsurer or managing general agent.
• You have experience drafting or reviewing policy wordings, endorsements, insurance binders, surety bonds or insurance-related commercial documentation
• You enjoy taking ownership of your work and exercising judgement about when to elevate.
• You are commercially minded and able to balance legal risk with practical business outcomes.
• You are intellectually curious and excited by the prospect of learning quickly across a broad range of legal and regulatory topics.
• You see AI as a practical tool for improving legal delivery and are keen to experiment with new tools and workflows.
• You communicate clearly, concisely and confidently, both in writing and in person.

Compensation & Benefits

• Participate in Employee Share Option Pool
• Private healthcare
• Private pension
• 25 days’ annual leave plus bank holidays
• Enhanced parental leave
• Cycle to Work and Electric Vehicle schemes
• £100 per year towards a physical challenge of your choice