Paralegal Compliance Team

Owen Reed Limited
London (Greater)
14 Apr 2018
16 May 2018
Contract Type
Full Time
Compliance and Legal Associate/Paralegal

I am working for a Insurance Provider who`s transactional Insurance products bridge the gap between negotiating parties with insurance for financial exposures associated with many business or legal contingencies that prevent the completion of a transaction.

Some of the paralegal duties involved:

Reviewing and negotiating Non-Reliance Letters, Hold Harmless Letters, and Non-Disclosure Agreements;

Preparing and negotiation of expense agreements;

Reviewing deeds of assignment, deeds of novation, and notices of assignment;

Preparing insurance policy related acknowledgements of assignment, acknowledgements of novation, and endorsements;

Assisting with the preparation, collection, and monitoring of Letters of Authority for the insurers and ToBAs with brokers;

Supervising and training entry level members of the underwriting team in relation to clearing accounts, printing daily submissions for senior underwriters` review, and preparation of the daily report;

Conducting background checks on all parties involved in the transaction to which a submission relates by:

Conducting new and annual background research on brokers and specific vendors and presenting findings to general counsel;

Determining whether any of such parties are subject to any UK, EU or US government sanctions regime and bringing any party that is subject to such a sanctions regime to the immediate attention of the Managing Director;

Identifying any positive or negative press coverage or information that could be relevant to a decision as to whether or not to offer insurance should be offered;

Identifying any litigation which any such parties are involved in (as available from public search sources);

Identifying any trends or issues involving the industries or sectors that the target company is involved in;

Providing your impression of high level risk scoring for each exposure area set out in the background check form; and

Presenting the written findings of the background check in the approved format to the relevant underwriter.

Please get in touch with Owen Reed for a full job spec.
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