Job details

Job Description

My client is a mutual insurer domiciled in Luxembourg with a worldwide spread of interests in the maritime sector with an annual premium income of more than $250m. They need to replace a retiring key senior manager of long standing who is their advisor, administrator and representative not only internally but in other fora, which include regulators and competitors. The job and person specifications are as follows:-

Job

Based in Luxembourg and managing a team of 5, you will hold a seat on the board of the mutual's management company, many of whose operations are carried out in London, reporting to the Managing and Finance Directors of that company. You will also represent the board of the Luxembourg mutual and its individual directors in legal and related matters. The role encompasses that of Company Secretary of both companies but goes wider than that, with duties including:

• Ensuring compliance with all legal and regulatory requirements in Luxembourg, Hong Kong, the USA, and all relevant EU states
•  Liaising with the auditors and more generally with the Luxembourg and Hong Kong regulators
•  Preparing agenda for board meetings, attending and accurately taking minutes
•  Attending and contributing to other committees
•  Overseeing regulatory compliance of a Luxembourg Reinsurance Company, a Bermuda Reinsurance company and a Jersey claims handling company

From Luxembourg you will travel regularly to London (1-2 times a month) and to elsewhere in the world, including Bermuda and Hong Kong, as required (2-3 times a year). 

Person

You should be a qualified solicitor or barrister who is fluent or bilingual in written and oral French looking for a long-term career move. Intellectual ability and an organized approach are essential as are commercial and financial awareness and your experience and interest must be in company/commercial and corporate law (with at least a rudimentary understanding of the insurance market). You must be able to identify problems, establish priorities and offer practical solutions.

A personable and effective communicator, you must be able to network within the organization and more widely and be able to build strong relationships with regulators, members and competitors.

The organization has a very inclusive and friendly culture and Luxembourg offers excellent cultural, gastronomic and sporting facilities along with, of course, the opportunity to travel to, say, Paris or The Black Forest within 2 hours and to skiing resorts within 4 hours. If you have children or may have them in the future, Luxembourg's state schooling is also excellent. The salary is circa £100k +car + benefits, depending on experience.

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