As Legal Finance & (Re)Insurance Counsel, your mission will be to support AXA Climate regarding legal matters related to (Re)Insurance and finance legal matters acting as a strategic business partner.
You will act as a key legal contact points for our Insurance and Consulting Ecosystems and its external stakeholders. You will be a key player for enhancing deal efficiency and for securing our international expansion & the development of sophisticated new (re)insurance products.
The legal insurance counsel will provide Legal & Compliance support to underwriting team for deal execution purposes.
o She / He rules the Legal & Compliance practice for the Insurance Ecosystem (in coordination with the Chief Underwriting Officer and Head of Legal):
acts as a technical reference point for underwriting business units and provide clarity,
advice on technical (wordings/policy) and regulatory topics;
advises and consults on broker status related legal and regulatory matters across multiple jurisdictions;
manages interface with risk carrier legal department, ensures compliance with risk carrier (legal) requirements and requirements of the parametric products/markets;
provides clear framework for underwriters on legal and regulatory aspects for all key jurisdictions.
o She / He advises the Insurance Ecosystem for:
securing execution (quality and timing) of policies/wordings within the underwriting process;
deciding on acceptable clauses or policy wordings in general proposed by brokers and/or competitors.
o She / He undertakes and facilitates policy wording development and control across all geographies. She / He supports the underwriting team for the development of new products across all geographies from legal side:
manages and facilitate policy wording development for new products / perils / geographies;
ensures compliance of new products and policy wordings with regulatory set-up and local regulatory requirements.
o She / He provides knowledge management and training support to the Insurance and Consulting Ecosystems for collective improvement purposes:
o She/ He advises on projects involving alternative financial setup to insurance coverage.
Key accountabilities
Project management
• Act as a strategic business partner in all activities relating to (re)insurance
• Manage large and/complex negotiations and provide legal support to the business
• Identify the relevant stakeholders to be involved to achieve the appropriate governance
Analysis of legal risks and constraints
• Conduct and supervise robust legal risk assessment that substantiate recommendations, and advise on and determine appropriate actions to mitigate
• Raise business’ awareness of legal issues and ensure legal involvement at the appropriate stage
Legal documentation
• Design, negotiate and monitor the conclusion of a wide range of agreements
• Implement and update templates of agreements in coordination with business partners
• Supervise outside counsel, including management fees structure
Contributing to internal know-how
• Carrying out legal watch, participate in the updating of the legal culture and the training of business teams
Qualifications/Experience
• Master’s Degree in French law and qualified lawyer
• 4/6 years post qualified (re)insurance or finance legal experience in law firm(s) and/or in-house
• Strong drafting and contract law skills
• Proficiency level in English both orally and in writing
Soft skills
• Leadership
• Team player with enthusiasm for independent work
• Strong analytical capability and ability to work in a time-critical environment
• Excellent writing, communication and presentation abilities
• Excellent transaction management abilities
• Curious, enthusiastic, with “can-do” attitude and proven interest in innovation and climate change
• Ability to work in an international and culturally diverse environment.
4/5 interviews
These companies are also recruiting for the position of “In-House Counsel”.