Procurement Legal Counsel

Position Type: Permanent, full time, hybrid, three days in the office per week.

About Tokio Marine HCC

Standing still is not an option in the current world of Insurance. TMHCC is one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, along with a desire to grow and provide creative and innovative solutions to our clients.

About Operations

Operations sits at the heart of TMHCC, we ensure the smooth running of all business processes – from policy administration and claims handling to data, technology, and delivery. We focus on driving efficiency which enables our teams across the business to deliver exceptional results every day. Our value statement: Ops makes it happen.

Operations is made up of 7 functions, this role sits within: Procurement and Workplace Management. From identifying the scope of the goods and services required to deliver business outcomes, to negotiating pricing and managing the full lifecycle of contracts and suppliers. Procurement focuses on delivering Value For Money for the organisation. We leverage market intelligence and navigate the regulatory landscape to achieve commercial outcomes and reduce risk and complexity.

Job Purpose

Be the key focal point for all Supplier Legal activity relating to a diverse range of contracts within Procurement and Supplier Management. Providing consistent high quality best practice legal advice on contracts including review and negotiation on agreements primarily within IT (SAAS/Software etc) and across other key operational functions such as HR, Facilities, Marketing and Finance. Gaining the trust and confidence of stakeholders in a short space of time through your experience and knowledge. This coupled with the right personal skills and traits means you will quickly become a trusted partner to this business.

Key Responsibilities

• Draft, review and negotiate a wide range of contracts of varying value and complexity, ensuring regulatory compliance, risk mitigation and value for money.
• Provide legal support throughout the contract lifecycle to the Executive and business stakeholders.
• Identify and articulate legal risks and options for senior business stakeholders for accelerated decision-making and risk sign off processes.
• Develop standard agreements/terms, playbooks and guidance materials.
• Identify and implement improvements to contracting process and policies.
• Cooperate and support knowledge sharing with internal teams, e.g. Data Protection, Information Security, Service Design etc, and legal professionals within the wider global organisations across Europe and our Corporate Headquarters in Houston, US.
• Provide legal and strategic guidance on supplier relationships, risk and regulatory requirements.

Performance Objectives

• Continuous improvement to deliver innovative outcomes aligned to increasing IT contract complexity.
• Championing new ways of working and new legal tools.

Skills And Experience Specification

• Qualified Lawyer with at least 7 years’ experience.
• Experience in drafting, reviewing and negotiating a range of third party supplier contracts primarily with an IT focus.
• Strong experience in negotiating and drafting agreements with demonstrable knowledge of Cloud and SaaS based agreements and agreements for professional services in the context of delivering complex projects utilising both onshore and offshore resources.
• Experience in meeting contractual regulatory requirements.
• Strong commercial awareness with the ability to spot risks and offer constructive solutions, including review of commercial Statements of Work advising on risk management such as operation of milestones, penalties, damages etc.
• Technical knowledge of areas of law and regulation relevant to supplier contracts.
• Ability to work with a degree of autonomy whilst working collaboratively with a wider team based in the UK, Europe and America.
• Experience drafting contracts under UK and PRA regulation.
• Actively aware of changing regulations and update existing contracts to ensure they meet new regulatory requirements.
• Knowledge of the operation of the London insurance market, its various participants and insurance regulatory requirements.
• Ability to develop and maintain strong relationships with internal stakeholders to ensure quality advice is provided in a timely manner.
• Results orientated with ability to plan and deliver against business deadlines.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.