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Legal Counsel

Location Sydney, Australia Job type Full-Time Work mode Hybrid Job level Professional Job ID 13780 Company Munich Re Employment type Regular Area of expertise Audit, Compliance & Legal
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The Legal and Compliance function is responsible for legal and compliance advice and the management of frameworks across numerous entities in Australia and New Zealand.

The Legal team provides internal legal support, and coordinates external expertise where required, to assist the business in making informed commercial and corporate decisions.

Working under the direction of the Head of Legal and Compliance, the team supports business units by providing advice and guidance on legal matters, including commercial arrangements and contracts.

Your Role

  • Provide support on legal and regulatory matters affecting Munich Re’s Australian and New Zealand operations.
  • Provide timely and accurate legal advice to the business on allocated matters, including reinsurance, corporate and strategic initiatives and a focus on supporting the life insurance business unit, under the supervision and guidance of the Head of Legal & Compliance.
  • Assist in the development and implementation of legal and compliance approaches and solutions to support business initiatives as directed.
  • Support communication with external parties (including regulators, external counsel, and business partners) as required, under the direction of the Head of Legal & Compliance.
  • Assist in the management of external legal advisers, including scoping, instructing and reviewing external legal advice.
  • Draft, review, and assist in negotiating contracts, agreements, and other legal documents to help protect the company’s interests.
  • Provide guidance and clarification on legal terminology and documentation to internal stakeholders.
  • Maintain up-to-date knowledge of relevant legislation and regulatory requirements.
  • Assist with the legal aspects of transactions and projects undertaken by the business, including conducting research and preparing supporting documentation.
  • Contribute to the identification and escalation of legal risks, working with the Head of Legal to support appropriate risk management.
  • Actively contribute to a collaborative and high-performing team culture that meets client, stakeholder, and employer expectations.

Your Profile

  • Qualified lawyer with 4-7 years’ post-qualification experience (PQE), ideally gained at a mid/top-tier law firm and/or as an in-house legal counsel. 
  • Demonstrated experience: advising on reinsurance, general insurance, life insurance (strongly preferred), corporate/commercial law and regulatory compliance; drafting and reviewing commercial agreements such as insurance contracts and reinsurance treaties; conducting legal research and preparing advice; supporting senior lawyers and working within a legal team environment; assisting on transactions, projects and regulatory matters.
  • Strong legal drafting and research skills.
  • Ability to work effectively under supervision and take direction.
  • Sound judgment with the ability to identify legal risks and escalate appropriately.
  • Clear communication skills, with the ability to explain legal concepts to non-legal stakeholders.
  • Strong organisational skills and attention to detail (essential).

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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