VP, Legal Counsel, Innovative Risk Solutions (Hybrid Work Model)
Company: Crossell
Location: Kansas City
Posted on: September 21, 2023
Job Description:
VP, Legal Counsel, Innovative Risk Solutions (Hybrid Work Model)
We are looking for an in-house Legal Counsel to provide holistic
legal support to our Corporate Solutions (CorSo) North America (NA)
business. The Vice President, Legal Counsel position reports to the
Head Corporate Solutions Legal NA and serves as a legal advisor for
CorSo's NA regional Legal team. About the Role #LI-HYBRID Along
with advising a large commercial insurance business, Legal Counsel
advises on a variety of legal, regulatory and corporate governance
matters closely collaborating with internal stakeholders and
external parties (including regulators, potential deal partners,
and brokers). This role may also lead certain transactions or
initiatives as lead counsel, with the assistance of other team
members. Key responsibilities also include:
- Lead legal review of indemnified and fronted insurance policy
transactions, including ensuring regulatory compliance
- Lead legal review of parametric natural catastrophe and weather
insurance, and structured (re)insurance policy transactions
including policy wordings
- Provide pragmatic legal advice designed to enable and support
regional business growth in compliance with appliable state and
insurance law and regulations, while clearly articulating legal
risks and opportunities
- Participate in inter-disciplinary projects and processes with
key constituencies (Finance, Tax, Operations, Underwriting, Sales)
and lead counsel for selected projects or initiatives, with the
assistance of other team members
- Support legal entity management and corporate governance
related issues, working closely with other regional legal team
members
- Partner and collaborate with various regional and functional
stakeholders within the company (such as other Legal teams,
Compliance, Actuarial, Compliance, Contracts and Wordings, Finance,
Internal Audit, Operations, Risk and Underwriting) to ensure
holistic assessment and mitigation of risks
- Applying legal practices and controls that comply with Group
guidelines, local corporate governance practice, statutory
requirements and applicable regulatory agencies for CorSo regional
entities About the Team In this position, you will be a part of the
Corporate Solutions (CorSo) North America (NA) regional team, which
consists of eight lawyers, primarily located in Kansas City,
Missouri, United States. We provide business enabling, corporate
governance, insurance regulatory and legal entity advice across the
region. Corporate Solutions NA insurance carriers write
(re)insurance in Property & Casualty, Accident & Health, and Credit
& Surety lines of business. Corporate Solutions specializes in
creating risk transfer solutions in the form of traditional
insurance policies and large bespoke structured transactions. About
You You bring your proven ability to meet competing deadlines and
work effectively in a demanding, fast-paced, matrix environment.
You thrive working with diverse teams and individuals, and expert
trust-building skills enable you to accel in developing strong
relationships with clients, stakeholders and colleagues. Experience
needed:
- Significant background in drafting and advising on complex
agreements with large corporates involving credit risk and the use
of indemnification, guarantees, letters of credit, and trust
accounts
- Regulation of US direct insurance including credit for
reinsurance and the use of captive (re)insurers
- Offshore captive or special purpose (re)insurers especially
Bermuda-based entities preferred
- Insurance-linked securities and the use of transformer
structures to transfer insurance risk to capital markets, and
understanding risks imposed by securities laws for new offerings is
a plus Additional requirements:
- Admitted to the bar of at least one state in the United States,
preferably Missouri or New York depending on hiring office
- Minimum of 10 years legal experience in a large law firm
setting or financial services, organization
- Sufficient experience and judgment to advise clients, and draft
and approve agreements for unique circumstances or new types of
(re)insurance arrangements
- Ability to identify, research and analyze difficult issues in
ambiguous circumstances is a key requirement and to clearly and
concisely summarize complex issues for senior leaders
- High personal integrity, with ability to apply highest ethical
standards and maintain independence as a lawyer
- Established communication skills and demeanor to collaborate
with risk managers, CFOs, and general counsels of large
corporations as well as experienced Swiss Re deal structurers
- Understanding of insurance coverages, especially basic
property, liability and professional indemnity coverages; credit
and surety knowledge is a plus
- Strong presentation skills, with Word and Power Point
proficiency Ability to travel, with travel unlikely to exceed 10%.
Business English fluency required. For New York City the estimated
base salary range for this position is $144,000 to $228,000. The
specific salary offered for this or any given role will take into
account a number of factors including but not limited to job
location, scope of role, qualifications,
complexity/specialization/scarcity of talent, experience,
education, and employer budget. At Swiss Re, we take a "total
compensation approach" when making compensation decisions. This
means that we consider all components of compensation in their
totality (such as base pay, short-and long-term incentives, and
benefits offered), in setting individual compensation. About Swiss
Re Swiss Re is one of the world's leading providers of reinsurance,
insurance and other forms of insurance-based risk transfer, working
to make the world more resilient. We anticipate and manage a wide
variety of risks, from natural catastrophes and climate change to
cybercrime. Combining experience with creative thinking and
cutting-edge expertise, we create new opportunities and solutions
for our clients. This is possible thanks to the collaboration of
more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture
encouraging fresh perspectives and innovative thinking. We embrace
a workplace where everyone has equal opportunities to thrive and
develop professionally regardless of their age, gender, race,
ethnicity, gender identity and/or expression, sexual orientation,
physical or mental ability, skillset, thought or other
characteristics. In our inclusive and flexible environment everyone
can bring their authentic selves to work and their passion for
sustainability.
Swiss Re is an equal opportunity employer. It is our practice to
recruit, hire and promote without regard to race, religion, color,
national origin, sex, disability, age, pregnancy, sexual
orientations, marital status, military status, or any other
characteristic protected by law. Decisions on employment are solely
based on an individual's qualifications for the position being
filled.
During the recruitment process, reasonable accommodations for
disabilities are available upon request. If contacted for an
interview, please inform the Recruiter/HR Professional of the
accommodation needed.
- Keywords: - -
Reference Code: -126478 -
Nearest Major Market: Kansas City
Job Segment: Compliance, Liability, Risk Management, Underwriter,
Internal Audit, Legal, Insurance, Finance
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Keywords: Crossell, Kansas City , VP, Legal Counsel, Innovative Risk Solutions (Hybrid Work Model), Legal , Kansas City, Kansas
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