Insurance Law Specialist

9 hours ago


Aylesbury, Buckinghamshire, United Kingdom The Actuary Group Full time
Role Description

The Insurance Law Specialist will provide comprehensive legal support to the Head of Legal and collaborate across the business on corporate and commercial matters.

This is an exciting opportunity for a qualified Solicitor to gain experience in the insurance industry and work with a leading UK provider of insurance and savings solutions.

The estimated salary for this role is £90,000 - £120,000 per annum, depending on experience.

Main Responsibilities:

  • Provide legal counsel to all areas of the business, particularly Bulk Purchase Annuities.
  • Support the future strategic development of various insurance lines, including assistance with the development of bulk purchase annuities/pensions de-risking business.
  • Interpret and present legal considerations and material.
  • Draft, negotiate, review, and summarise complex legal documentation.
  • Support the Head of Legal in advising on and managing high-value insurance transactions, with and without support from external legal counsel.
  • Support the Head of Legal in managing contracts with key suppliers and third parties involved in the provision of services across the business.
  • Work closely with the Head of Legal and Company Secretary to provide support on day-to-day company legal matters.
  • Support effective management of relationships with any external legal counsel and those assigned to act for third parties.
  • Contribute to effective risk management of Utmost Life and Pensions from a legal perspective.
  • Maintain up-to-date knowledge of legislative changes and industry best practice relevant to the business.
  • Maintain competence and fitness and propriety standards to the level required by the Company's regulators.
  • Provide the Company with access to any evidence of competence, fitness, and propriety reasonably required.
  • Comply with the FCA's conduct (and senior conduct) and Consumer Duty rules and the PRA's conduct (and senior manager conduct) standards.
  • Notify the regulator(s) of matters reasonably expected to be notified.


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