Senior Legal Counsel (Credit Risk & Political Risk)

Staging It; London; Hybrid; GBP 130,000; Full time

Job summary

A leading company in the insurance sector is seeking a Senior Legal Counsel specializing in Credit Risk and Political Risk. The role involves advisory functions, claims management, and drafting insurance policy wordings. Ideal candidates will be qualified solicitors with significant experience in insurance or finance, ready to contribute to a dynamic team in a hybrid working environment.

Qualifications

• Minimum 4 years of relevant legal experience in insurance or finance.
• Knowledge of the workings of banks and their distribution of loans into the insurance markets for capital relief purposes is a plus.

Responsibilities

• Policy management advisory function supporting the broking team.
• Claims advisory role with Head of Claims for presentation and loss adjustment.
• Drafting/revising insurance policy wordings to meet client requirements.

Skills

Legal experience in insurance or finance

Knowledge of banks and insurance markets

Education

Relevant professional qualifications - England and Wales qualified solicitor

Job description

Senior Legal Counsel (Credit Risk & Political Risk)

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• Policy management advisory function: supporting the broking team and Head of Claims following the occurrence of circumstances that may give rise to a claim. E.g. advising on the Insured's obligations, monitoring loss minimisation developments (including lengthy transaction restructuring negotiations, for example) in order to keep insurers updated, managing relevant time limits.
• Claims advisory role: working alongside Head of Claims with the presentation of claims and loss adjustment process. Drafting Release and Settlement Agreements. Engagement with clients and insurers regarding recoveries.
• Insurance policy wording specialist: drafting / revising insurance policy wordings to meet our clients' specific requirements either for a given underlying transaction or as an overarching template. Considering legal issues and insurance practice. Working alongside brokers to support them in discussions with clients and Underwriters.
• Provision of in-house training: on insurance law matters, wordings, dispute resolution. This takes the form of longer thematic training and more regular short-form informal sessions to share knowledge gained through recent wordings / claims work. Preparing internal briefing notes on key topics. Additionally (less frequently) providing training to clients on insurance law matters and their policy wordings.
• In-house legal function: advising on a range of contracts to which the company is a party, including client and Insurer NDAs, Terms of Business Agreements as well as non-insurance related commercial contracts.
• Participating in regular peer reviews of insurance policies placed and contributing to the continuous improvement of legal processes and best practices within the group.
  
  

Insurance Broker

£130K

London - Hybrid working

Key Responsibilities

• Policy management advisory function: supporting the broking team and Head of Claims following the occurrence of circumstances that may give rise to a claim. E.g. advising on the Insured's obligations, monitoring loss minimisation developments (including lengthy transaction restructuring negotiations, for example) in order to keep insurers updated, managing relevant time limits.
• Claims advisory role: working alongside Head of Claims with the presentation of claims and loss adjustment process. Drafting Release and Settlement Agreements. Engagement with clients and insurers regarding recoveries.
• Insurance policy wording specialist: drafting / revising insurance policy wordings to meet our clients' specific requirements either for a given underlying transaction or as an overarching template. Considering legal issues and insurance practice. Working alongside brokers to support them in discussions with clients and Underwriters.
• Provision of in-house training: on insurance law matters, wordings, dispute resolution. This takes the form of longer thematic training and more regular short-form informal sessions to share knowledge gained through recent wordings / claims work. Preparing internal briefing notes on key topics. Additionally (less frequently) providing training to clients on insurance law matters and their policy wordings.
• In-house legal function: advising on a range of contracts to which the company is a party, including client and Insurer NDAs, Terms of Business Agreements as well as non-insurance related commercial contracts.
• Participating in regular peer reviews of insurance policies placed and contributing to the continuous improvement of legal processes and best practices within the group.
  
  

Skills/Qualifications

• Relevant professional qualifications - England and Wales qualified solicitor.
• Minimum 4 years of relevant legal experience in insurance or finance..
• Knowledge of the workings of banks and their distribution of loans into the insurance markets for capital relief purposes is a plus.
  
  

Robert Half Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Robert Half is committed to diversity, equity and inclusion. Suitable candidates with equivalent qualifications and more or less experience can apply. Rates of pay and salary ranges are dependent upon your experience, qualifications and training. If you wish to apply, please read our Privacy Notice describing how we may process, disclose and store your personal data: roberthalf.com/gb/en/privacy-notice.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Contract

Job function

• Job function

  Legal

• Industries

  Law Practice

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