Legal Advisor - Insurance Company

Overview

Our client is a niche short term insurance company based in Johannesburg. They are looking for an experienced legal advisor to join their growing team.

Minimum Requirements

• Experience
  
  
  
  • 5-10 Years experience in Commercial Law
  
  
  • 5 Years experience in Insurance
  
  
  • Short Terms Insurance and/or Specialty Insurance an advantage
  
  
  
  


• Qualifications
  
  
  
  • Minimum B Com Law/ LLB (Admitted attorney advantageous)
  
  
  • Business or Insurance qualification/s advantageous
  
  
  • Post-grad qualification in Contract Drafting and Interpretation advantageous
  
  
  
  

Key Responsibilities

• Accountable for main legal advisor functions across the company including but not limited to:
  
  
  
  • Support: Insurance regulatory Legal and Compliance Standards (Insurance Act, FAIS, TCF, POPIA etc)
  
  
  • Drafting, reviewing and implementation of Commercial Contracts (NDA, SHA, SPA, MoU etc) including managing any external liaisons with other Legal Firms as and when required.
  
  
  • Support in understanding and interpreting any other legal documents across the business including but not limited to Policy wordings, Endorsements, Reinsurance agreements, Disclosure notices etc.
  
  
  
  


• Provide Strategic Legal support across the business.


• Drive and research all legal aspects for assigned projects where required across all territories.


• Consider and take appropriate action or support and guide the business to emerging legal risks and trends in collaboration with claims, underwriting and partnerships.


• Legal pillar and support when assessing and on-boarding new acquisitions and/or partnerships where required.


• Analyse and improve legal processes across the business.


• Understand and assist the compliance and governance areas that will impact new partners, including Binder and Outsource Partners and ensure the agreements are appropriately worded/structured.


• Market Intelligence: Sound knowledge of underwriting and claims principles in industry as well as staying ahead of legislation.


• Ensure that customers are treated fairly and adhere to POPIA requirements in conjunction with both internal and external compliance requirements.


• Support the business on any risk management initiatives in order to mitigate potential risks.


• Ensure strong relationship management with all stakeholders.


• Provide assistance in agreement drafting, interpretation contract analysis as and when required (Finance, Underwriting, Claims)


• Employee Growth: Take responsibility for your own career growth and have regular discussions with the relevant role players.


• When required perform any other duties necessary for the operational effectiveness of the company that is within your ability and scope.

Competencies

• Knowledge, Experience and Skills
  
  
  
  • Short-term Insurance knowledge
  
  
  • Sound business experience and business acumen
  
  
  • Broad financial services industry knowledge
  
  
  • Competitor and market knowledge
  
  
  
  


• Advantageous
  
  
  
  • Experience in Private Equity / deal structuring / agreement vetting
  
  
  • Specialty Insurance Experience
  
  
  • Drafting of Policy Wordings
  
  
  
  


• Skills
  
  
  
  • Numeracy in the context of general business operations
  
  
  • Negotiating and influencing skills
  
  
  • Strong administrative capability
  
  
  • Very strong planning and organizing skills
  
  
  • Strong goal orientation by means of objectives
  
  
  • Strong verbal and written communication skills
  
  
  • Good sense of judgment and exercising thereof
  
  
  • Ability to work independently and make sound key decisions
  
  
  • Relationship management skills (have the right approach with the right people)
  
  
  • Leadership ability
  
  
  • Risk management mindset
  
  
  • Attention to detail
  
  
  • Deadline driven
  
  
  • Excellent MS Office skills
  
  
  
  

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