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Senior Legal Contracts Counsel (Regulatory & Reinsurance)

  • Location:

    New York

  • Sector:

    Legal

  • Job type:

    Permanent

  • Salary:

    US$225000 - US$250000 per annum + bonus, benefits, fully remote

  • Contact:

    Declan Frith

  • Contact email:

    Declan.Frith@oliverjames.com

  • Job ref:

    JOB-022025-269841_1739379660

  • Published:

    11 giorni fa

  • Expiry date:

    2025-03-14

SENIOR LEGAL COUNSEL (CONTRACTS, REINSURANCE & REGULATORY) - P&C GROWTH BUSINESS - FULLY REMOTE!

Position Overview / Summary:

Senior counsel will support the insurance, reinsurance and legal/regulatory/finance/claim functions performed by the companies Legal team. This individual is responsible for drafting, reviewing, and negotiating various types of agreements critical to the fronting business model: general agency agreements, and their companion reinsurance and claim agreements, and various ancillary agreements, including collateral agreements and servicing agreements.

Due to the fast-paced nature of the legal and insurance business environments, this individual must have excellent analytical skills and be able to quickly adapt to change and to multi-task various assignments. The individual must be able to provide legal guidance that balances both legal and regulatory requirements while meeting business objectives.

Role and Responsibilities:

  • Draft, negotiate, manage, and monitor various new and renewal contracts for assigned programs in accordance with the business standards and regulatory environment.
  • Review, analyze and interpret new or revised laws, regulations, bulletins, and regulatory publications applicable to the business, as directed.
  • Provide legal advice and guidance to internal constituencies and external stakeholders, as directed.
  • Develop guidelines and/or processes for transactional, regulatory and compliance projects, including corporate governance, as directed.
  • Additional duties as directed.

Required Skills, Key Competencies and Experience:

  • Must have strong communication skills in framing and presenting legal and business perspectives and offering views in a concise and clear manner to internal business units and outside business partners.
  • Familiarity with general agency agreements, claims administration agreements, reinsurance agreements, non-disclosure agreements, and service agreements.
  • Demonstrated in-house experience advising and providing practical solutions to internal clients on contractual provisions with general agents, reinsurers, third-party administrators and vendors.
  • Good understanding of commercial lines, personal lines and specialty insurance products and regulations applicable to such lines and products.
  • Ability to effectively organize, prioritize, and meet deadlines for multiple, simultaneous projects.
  • Strong analytical ability to draft and review contracts and analyze policy provisions, inclusive of coverage related matters.
  • Demonstrated ability to successfully work independently as well as within a team to support the goals of the company.
  • Good time management and high attention to detail are critical to this position

Qualifications and Education Requirements

  • Bachelor's degree.
  • Juris Doctorate from an accredited law school and currently licensed to practice law in at least one U.S. jurisdiction.
  • 8+ years related experience within a law firm and/or in-house insurance legal department.
  • Prior Property and Casualty Program business experience is a plus.
  • Experience drafting and negotiating various agency, reinsurance, claims and vendor contracts, inclusive of handling contentious matters.

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