Job Title: Paralegal
Grade: A
Job Family: Legal and Governance
Department: Legal Team and Corporate Office
Reporting to: General Counsel and Company Secretary
Together, we engage with everything we have and are, to help humankind act braver and better.
About Great Lakes Insurance SE:
As specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia.
Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.
About the role:
The Legal Department at Great Lakes provides legal advisory and consultancy to the management and all business units to manage legal and regulatory risks and meet Great Lakes’ strategic objectives. The Corporate Office ensures high quality of governance support to the Board of GLLS.
The main responsibility of the role is to enhance excellence and the service quality within Great Lakes Legal department in the UK through support in regulatory and legal advice in insurance law and provide support to the Corporate Office in legal, governance and administrative tasks.
Key Responsibilities:
- Contribute to legal and regulatory change tracker with legal updates;
- Assist in corporate governance administration including drafting Board submission;
- Provide support in development, review and negotiating a variety of DUA agreements and other insurance distribution arrangements with third parties and Munich Re Business Units;
- Undertake legal research, developing and maintaining updated legal and contractual documentation and drafting briefing notes and legal research summaries as required; and
- Assist in coordinating external counsel’s reviews and opinions, if necessary.
Competencies:
Business Acumen (we think big) - You understand the business’ ambition, your team’s
commitments and how your role contributes to this.
Plans and aligns (we lead the ‘we’) - You plan and prioritise your work to fit with deadlines and longer-term commitments for you and your team and collaborate with others, encouraging diversity of thought.
Action oriented (we grow with our clients) - You take on new tasks, opportunities and challenges with a keen interest. You have an appetite to learn and embrace new ways of working in order to improve efficiencies and effectiveness.
Self-development (we care and dare) - You demonstrate enthusiasm by seeking new ways to grow and be challenged, through both formal and informal development opportunities.
Communicating Effectively (we are clear and authentic) - You openly listen to the ideas of others,
seek regular feedback to develop, consider the best method for communicating and ask for support and advice when unsure.
Key Skills & Experience:
Essential
- Ability to communicate, both written and oral, on complex issues in an easily understandable manner to stakeholders
- Strong interpersonal skills, high degree of personal commitment and competency
- Analytical, pragmatic thinker and solution orientated
- Ability to work in large complex projects
Strong organisational skills and ability to prioritise work in a disciplined manner.
Desirable
- Ability to think strategically and take initiative
- Knowledge of insurance and contract law
Qualifications and Educational Requirements:
Legal graduate with satisfactory grades.
• Knowledge of English contract law.
• Fluent business English language
Thought Leaders:
You will demonstrate inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You will treat your colleagues and sales and business partners fairly and with respect.
Regulatory & Conduct Requirements:
- Satisfying all regulatory reporting requirements in collaboration with the reporting function
- Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules
Review, updates, and document history:
The job description shall be reviewed in a regular cycle by HR and the role holder and, if necessary, adjusted. The review activities shall be documented in the document history of the job description, also if no changes are made to the job description as a result of the review.
