Legal Services Manager

A London Market Insurer is looking to recruit the brand new position of Legal Services Manager. Our client offers hybrid working, competitive salary, excellent bonuses with excellent career and progression prospects. Main Purpose of Job * We are seeking a highly skilled and experienced Legal Services Manager to oversee the legal side of the business. This is a crucial role within the business and the ideal candidate will have a deep understanding of the Lloyd’s insurance industry, strong leadership skills, and a technical background which transcends services contracts, policy wordings and industry compliance. Key Tasks 1. Strategic Leadership: * Develop and implement a legal services plan to ensure regulatory compliance, product clarity and maximise / maintain profitability levels, whilst ensuring TCF adherence. * Selective engagement of external counsel where required to ensure the above. 2. Policy wordings / Product Oversight: * Review and approve policy wordings and endorsements to ensure compliance with syndicate business plan, company guidelines and regulatory requirements. * Product Oversight Group – major contributor * Monitor underwriting performance (from a policy wording perspective) and advise underwriters on corrective actions as needed. * Ad hoc slip checking, and implementation of slip checking technology to reduce underwriting errors * In limited circumstances liaison with the claims team to review claims against wordings agreed & general underwriting intent 3. Legal Contracts: * Where expertise allows, review of all contracts with third parties * Engagement of external counsel, maximising cost efficiencies * Review of group insurances against exposures / contractual liabilities 4. Compliance and Regulatory Affairs: * Work with existing compliance contractor to share ongoing compliance workload * Liaise heavily with regulators to ensure the business is up-to-date with regulatory requirements both from an insurance policy and policies and procedures perspective. * Assist the syndicate manager with returns related to compliance (e.g. eligible complainants) * Assist with operational resilience, audit management, actioning/monitoring recommendations 5. Review of business consortium/MGA agreements alongside the managing agency DUA/Syndicate manager Key Technical Skills/Knowledge/Professional Qualifications Required Legally qualified Analytical mindset with a focus on strategic thinking and problem-solving. High degree of experience in reviewing and creating policy wordings, particularly from a liability perspective In-depth knowledge of underwriting, risk management, and insurance industry trends. High degree of experience in reviewing service contracts High degree of experience in regulatory affairs / compliance / Lloyd’s minimum standards Excellent communication and interpersonal skills, with the ability to build and maintain strong relationships. General computer literacy- Excel, Word etc