Senior Legal Counsel (Credit Risk & Political Risk)
Senior Legal Counsel (Credit Risk & Political Risk)

Senior Legal Counsel (Credit Risk & Political Risk)

Luton Full-Time 78000 - 130000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support broking teams with claims, draft agreements, and provide in-house training on insurance law.
  • Company: Join a leading insurance broker known for its innovative approach and commitment to client success.
  • Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional development.
  • Why this job: Be part of a dynamic team that values diversity and offers impactful work in the insurance sector.
  • Qualifications: Must be a qualified solicitor with at least 4 years of experience in insurance or finance.
  • Other info: Open to candidates with varying levels of experience; inclusivity is a core value.

The predicted salary is between 78000 - 130000 £ per year.

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.
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Contact Detail:

Robert Half Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Legal Counsel (Credit Risk & Political Risk)

✨Tip Number 1

Network with professionals in the insurance and legal sectors. Attend industry events, webinars, or local meetups to connect with people who can provide insights into the role and potentially refer you to opportunities at StudySmarter.

✨Tip Number 2

Familiarise yourself with the latest trends in credit risk and political risk insurance. Being knowledgeable about current issues will not only help you in interviews but also demonstrate your genuine interest in the field.

✨Tip Number 3

Prepare to discuss specific cases where you've successfully managed claims or drafted policy wordings. Real-life examples will showcase your expertise and problem-solving skills, making you a more attractive candidate.

✨Tip Number 4

Engage with our content on social media or through our website. Showing that you're already interested in what we do at StudySmarter can set you apart and give you talking points during interviews.

We think you need these skills to ace Senior Legal Counsel (Credit Risk & Political Risk)

Legal Expertise in Insurance Law
Contract Drafting and Negotiation
Claims Management
Policy Wording Specialisation
Risk Assessment
Client Engagement
Training and Development Skills
Dispute Resolution
Knowledge of Financial Regulations
Analytical Thinking
Attention to Detail
Communication Skills
Team Collaboration
Time Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in insurance law and credit risk. Emphasise your qualifications as a solicitor and any specific projects or cases that demonstrate your expertise in policy management and claims advisory roles.

Craft a Compelling Cover Letter: In your cover letter, address the key responsibilities outlined in the job description. Explain how your background aligns with their needs, particularly in drafting insurance policy wordings and providing in-house training on legal matters.

Showcase Relevant Skills: Highlight your knowledge of banking operations and how they relate to insurance markets. Mention any experience you have with loss minimisation and claims processes, as these are crucial for the role.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is essential for a Senior Legal Counsel position.

How to prepare for a job interview at Robert Half

✨Know Your Legal Stuff

Make sure you're well-versed in insurance law and the specifics of credit and political risk. Brush up on relevant case studies and recent developments in the field, as this will show your expertise and commitment to the role.

✨Prepare for Scenario Questions

Expect questions that ask how you would handle specific situations, such as advising on claims or drafting policy wordings. Think through potential scenarios and prepare structured responses that highlight your problem-solving skills and legal knowledge.

✨Showcase Your Communication Skills

As a Senior Legal Counsel, you'll need to communicate complex legal concepts clearly. Be ready to demonstrate your ability to explain legal terms to non-legal stakeholders, and consider sharing examples from your past experience where you've successfully done this.

✨Engage with the Interviewers

Don't just answer questions; engage in a dialogue. Ask insightful questions about the company's approach to claims management and policy wording. This shows your interest in the role and helps you assess if the company is the right fit for you.

Senior Legal Counsel (Credit Risk & Political Risk)
Robert Half
Location: Luton
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  • Senior Legal Counsel (Credit Risk & Political Risk)

    Luton
    Full-Time
    78000 - 130000 £ / year (est.)
  • R

    Robert Half

    1000+
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