What are the responsibilities and job description for the Senior Reinsurance Counsel position at Liberty Mutual?
Liberty Mutual’s Reinsurance Legal Team is seeking an experienced and highly skilled reinsurance attorney to handle highly complex reinsurance legal matters with minimal supervision. The Reinsurance Legal team is comprised of experienced reinsurance attorneys and other legal professionals who work collaboratively to support Liberty’s ceded and assumed reinsurance business across the enterprise.
Typical starting salary is $179,000-$218,000. Salary is based on geographical location and experience.
Key Responsibilities:
- Serve as lead counsel on domestic and non‑U.S. reinsurance matters, including drafting, reviewing, analyzing, interpreting, advising on, and negotiating ceded and assumed reinsurance contracts (treaty and facultative), commutations, adverse development covers, contract amendments, and collateral arrangements.
- Provide reinsurance legal support for transactional matters (ILS, M&A, etc.), including due diligence, deal structuring, preparation and review of documentation, and negotiation.
- Assist with and oversee reinsurance disputes, arbitrations, collections, and audits; engage and manage outside counsel where appropriate.
- Represent and advise the Company on reinsurance components of strategically important legal and business transactions involving complex or novel issues and adversarial positions.
- Advise business leadership and participate in company policy formulation as requested.
- Perform and direct comprehensive legal research on reinsurance and related accounting, regulatory, and corporate governance issues.
- Coordinate and synthesize the Company’s position in response to changes in law; represent the Company before legislative, regulatory, and administrative bodies as needed.
- Supervise, assign, and review the work of other attorneys, contract specialists, and paralegals; develop and deliver internal training as appropriate.
- Maintain current knowledge of legal developments in reinsurance and related areas.
- Perform other duties as required by the practice group.
Qualifications
Minimum Qualifications:
- J.D. or L.L.B. degree and admission to the bar of at least one U.S. jurisdiction.
- Minimum of 8-10 years’ experience as a practicing attorney, with substantial and demonstrable experience in reinsurance transactional matters.
- Expert knowledge of reinsurance law and demonstrated ability to handle highly complex legal assignments with minimal supervision.
- Excellent analytical skills, legal writing, and oral communication.
- Strong client focus and proven ability to interact effectively with internal stakeholders, business leaders, outside counsel, and representatives of other companies.
- Ability to manage multiple priorities, exercise attention to detail, and meet deadlines.
- Familiarity with corporate and insurance business operations and objectives.
- Demonstrated experience supervising or mentoring other attorneys and legal staff is preferred.
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
- California
- Los Angeles Incorporated
- Los Angeles Unincorporated
- Philadelphia
- San Francisco
Salary : $179,000 - $218,000