Senior Legal Counsel (Credit Risk & Political Risk)

Senior Legal Counsel (Credit Risk & Political Risk)

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.

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.