P & C Senior Legal Counsel

SCOR • New York, NY

5d

About The Position

The role holder’s primary responsibility will be to provide expert technical legal support to the P&C Business Unit’s EMEA teams covering P&C Treaty, Alternative Solutions (working with the dedicated Alternative Solutions (EMEA based) counsel) and Single Risk Underwriting Teams, with a focus on delivering comprehensive, reasoned and commercially viable contracting support, including wordings support. The role holder will be required to handle phase 2 sanctions clearance (low volume/high expertise) referrals in respect of complex sanctions and compliance issues ensuring compliance with SCOR’s commitment to rigorously observe all applicable sanctions and compliance related obligations. The role holder will be expected to provide effective legal support for the development, build out and subsequent maintenance of the P&C element of SCOR’s proposed wordings tools. The role holder will be expected to comprehensively understand and timely respond to (as is appropriate) the commercial and business-related constraints and pressures on the SCOR P&C business unit and its growth targets whilst effectively mitigating the associated risks to SCOR.

Requirements

• Extensive recent (re)insurance contract wording and legal support experience and superior technical skills are required.
• Excellent written and oral communication skills, the ability to determine how and when to develop/sustain a message and/or an idea and the ability to deploy the right tools to present information.
• A deep understanding of P&C business drivers and the ability to identify and raise critical issues/points when needed; a willingness to “own” and to swiftly correct (if needed) decisions; and, accepting and actioning responsibility regarding cost management.
• Exhibiting advanced problem-solving capabilities by handling highly complex and critical legal issues with significant impact on the P&C Business Unit – involving providing and implementing innovative and effective solutions – after appropriate approvals – to mitigate risks, support business growth, and ensure compliance with legal and regulatory requirements.
• An ability to operate autonomously, with guidance from the Chief Legal Counsel and team peers. A proven self-starter who takes the initiative and can act independently make their own decisions, while keeping relevant stakeholders advised and involved and operating within internal governance requirements and guidelines
• The role holder will be commercial and pragmatic and will understand the impact of market conditions on treaty and direct (specialty) insurance activities, procedures and wordings, while being able to clearly and succinctly articulate issues to the underwriting community (and management), to evaluate the risks associated with the (re)insurance activities and to develop commercial risk mitigation options, while ensuring all operations are compliant with applicable regulatory requirements.
• Demonstrating the ability to build and maintain strong relationships with senior stakeholders and external partners. This includes effectively communicating complex legal concepts, understanding stakeholder needs, and providing tailored legal solutions that support the P&C business unit’s objectives.
• The role holder will be enthusiastic about: supporting the activities of the P&C Business Unit globally and across all business activities; working directly with the business and driving legal issues to completion; and providing general support across all areas of the Legal and Compliance functions for P&C as time and experience permits.
• Both the P&C business and Legal teams are small, such that collegiality, efficiency, proactivity and curiosity as well as living the SCOR values are key to the role holder’s success.
• Several years demonstrated experience in this field
• Strong academic record. A law degree / undergraduate degree with a law conversion qualification / equivalent.
• Licensed to practice law in an EMEA jurisdiction and in good standing / the ability to immediately reactivate membership.
• Note: non-lawyers will be considered too, provided they demonstrate strong expertise delivering comprehensive, reasoned and commercially viable contract wording support.

Responsibilities

• Participate in negotiations of complex legal issues with external business partners and providing practical and pragmatic advice and support to the P&C business community on the negotiation of commercial terms.
• Provide legal support for product development and the entry into any new lines of business, notably by providing contractual support to P&C treaty and specialty underwriters (e.g., policy/contract wordings, program agreements/business, third-party administrator agreements, non-disclosure agreements, etc.). Accountable for legal aspects of product development and market entry (working with the regulatory team as required).
• Developing and leading training to the underwriter community.
• Providing the required legal support and expertise to support the development and roll-out of the P&C sections of SCOR’s contract wording tool, in coordination with P&C leadership and the P&C Legal community.
• Monitoring, identifying, understanding, analyzing, and proactively developing P&C’s contract wording responses to emerging (re)insurance issues and trends, requiring an awareness and understanding of global developments and trends.
• Developing viable solutions to legal and regulatory “road blocks” to facilitate the P&C business unit’s delivery on its business plans and targets.
• Identifying required protocols and guidelines and developing and where required supporting the development of protocols and guidelines to be embedded into the P&C business unit to ensure there are institutional best practices.
• Handling phase 2 sanctions clearance referrals for complex sanctions and compliance issues. Responsible for ensuring compliance with applicable sanctions and regulations.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior