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For Companies At a Glance
- Tasks: Draft, review, and negotiate diverse supplier contracts while ensuring compliance and risk mitigation.
- Company: Join Tokio Marine HCC, a leading Specialty Insurer with a dynamic and innovative culture.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Be a key player in shaping supplier relationships and driving value for the organisation.
- Qualifications: Qualified Lawyer with 7+ years of experience in IT contract negotiation.
- Other info: Collaborative environment with global teams and a focus on continuous improvement.
The predicted salary is between 43200 - 72000 £ per year.
Locations: UK - London (St Botolph)
Time Type: Full time
Posted on: Posted Today
Job Requisition ID:
Reporting to: Head of Procurement
Direct Reports: None
Position Type: Permanent, full time
Why
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:
- Securing favourable contract terms.
- Continuous development ensuring regulatory compliance.
- 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.
Procurement Legal Counsel in London employer: Tokio Marine HCC
Contact Detail:
Tokio Marine HCC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Legal Counsel in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in procurement or legal roles. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their approach to procurement and how you can contribute. Tailor your answers to show how your experience aligns with their needs.
✨Tip Number 3
Practice your negotiation skills! As a Procurement Legal Counsel, you'll need to demonstrate your ability to negotiate contracts effectively. Role-play scenarios with friends or mentors to build confidence.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Procurement Legal Counsel in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Procurement Legal Counsel role. Highlight your relevant experience in drafting and negotiating contracts, especially in IT and SaaS, to show us you’re the perfect fit!
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills align with our needs. Talk about your commercial awareness and ability to spot risks, as these are key for us in this role.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Contracts Inside Out
As a Procurement Legal Counsel, you'll be dealing with a variety of contracts. Make sure you thoroughly understand the types of agreements you'll be negotiating, especially those related to IT and SaaS. Brush up on key legal terms and concepts so you can speak confidently about them during the interview.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations where you've secured favourable terms or mitigated risks. Be ready to discuss your approach to negotiation and how you build trust with stakeholders. This will demonstrate your ability to handle complex contract discussions effectively.
✨Understand the Regulatory Landscape
Familiarise yourself with the regulatory requirements relevant to supplier contracts, particularly in the insurance sector. Being able to articulate how you ensure compliance and manage risks will show that you're not just legally savvy but also commercially aware.
✨Build Relationships with Stakeholders
Highlight your experience in developing strong relationships with internal teams and stakeholders. Share specific instances where your collaboration led to successful outcomes. This will illustrate your ability to work autonomously while still being a team player, which is crucial for this role.