Commercial Manager (Reinsurance and Distribution Contracts)

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VN-14355

Fixed Term Contract (inc Secondee)

Hove

Competitive

4 October 2019

Lead on Reinsurance Treaties and Addenda ensuring contracts are properly completed in a timely manner. The role is also responsible for providing commercial input into Distribution contracts and related financial documentation. Ensuring all contracts have appropriate approval with all being filed, logged and reviewed as required.

Purpose of the role

Lead on Reinsurance Treaties and Addenda ensuring contracts are properly completed in a timely manner. The role is also responsible for providing commercial input into Distribution contracts and related financial documentation. Ensuring all contracts have appropriate approval with all being filed, logged and reviewed as required.

Key Responsibilities

  • Lead the process for Reinsurance Treaties and Addenda, taking ownership by knowing and understanding the contents with active management of queries to ensure new treaties and addenda are properly completed in a timely manner.
  • Responsible for the ongoing tasks relating to reinsurance treaty management, such as audits and providing support to other areas regarding related work to ensure ongoing management is performed.
  • Lead on responding to queries in relation to Treaties and Addenda to ensure that all issues and queries are resolved to an acceptable resolution so all parties all aligned in the details on the contracts.
  • Lead on the commercial aspects of all Distribution contracts. Challenging if draft contracts deviate from expected outcome  to ensure contract is in line with approved terms
  • Draft and prepare standard  Legal documents and developing  templates for review  and sign off by Group Legal
  • Liaise with external partners in relation to providing copies of contracts and management of sign off pages properly executed. Ensure appropriate sign off is received internally for all documents.
  • Maintain database of all Reinsurance and Distribution Contracts including key details and owners. Raising any issues in terms of expiry dates or other relevant clauses. Engage with the contract owners on a periodic basis. Ensure hard copies of all contracts are filed in an appropriate manner with electronic copies produced
  • To support the Senior Commercial Manager by reviewing processes to provide potential options for improvements with the view of reducing costs or improving output.

This is a 12 month fixed term contract. 

Knowledge

  • Contract Management

  • Analytical and Creative thinking

  • Knowledge of the FCA Handbook (Insurance element)

Experience

  • Strong document management skill

  • Strong communication skills

  • Relationship management

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 27 days' holiday, an annual supplement for private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

For more information please contact Chloe McCauley, Resourcing Lead - chloe.mccauley@landg.com.

About L&G

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

About the business area

At Legal & General Insurance we look after our customers throughout life, death and everything in between so that you know that everything that’s important to you is protected. With over 180 years’ experience in providing Insurance policies, our customers trust us to be there and to do the right thing.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

About L&G

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

About the business area

At Legal & General Insurance we look after our customers throughout life, death and everything in between so that you know that everything that’s important to you is protected. With over 180 years’ experience in providing Insurance policies, our customers trust us to be there and to do the right thing.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.