Legal Manager - Insurance
Support Services
4d ago
source :

Legal Manager - Insurance Our client, in the Insurance / Financial Services based in Durban, seeks a Legal Manager, the successful candidate must provide assistance with all legal matters. Requirements :

  • Admitted Attorney
  • Any FAIS certifications will be an advantage Responsibility : General
  • Implement key processes, resources, and procedures to ensure that the legal department is effectively able to service the needs of the business.
  • Report on the legal developments and risks associated with the legal department and the work conducted thereby.
  • Draft regular reports on the workflow and issues arising in the legal department. Drafting and Management of all Contracts
  • Drafting, reviewing, vetting, and advising on agreements and contracts, including non-disclosure agreements, service level agreements, credit applications, investment mandates.
  • Providing advice in respect of all legal processes concerning product development.
  • Create awareness of legislative requirements and legal risks across all business departments.
  • Manage and keep updated contract templates and Legal register of contracts.
  • Monitoring of external legal service providers
  • Manage and conduct annual audits of all contracts. Complaints Management
  • Provide legal advice on complaints.
  • Draft opinions on the validity of complaints.
  • Review and settle responses to complainants including Ombudsmen.
  • Manage the record of all complaints into the appropriate register (FAIS or OSTI) and updating the register as the complaint handling progresses.
  • Manage the complaint handling of the external service provider.
  • Monthly reporting on complaints both Ombudsman and client complaints, consolidate and report to Management.
  • Provide input to the business on possible resolute action to be taken to reduce the number of complaints.
  • Investigate and analyse the cause of the complaints and inform the various business areas of the outcome of such investigations.
  • Maintain and Develop Policy Wording

  • Assist with the review and amending of policy wording. Regulatory
  • Assist business in respect of the legal requirements arising out and the interpretation of the various legislation applicable to the business including the Insurance Act, the Short-Term Insurance Act and the regulations pertaining thereto including the Policy Holder Protection Rules, the Prudential Governance Standards, and the TCF Principles. Legal Recoveries
  • Manage and institute recovery processes against 3rd parties.
  • Negotiate best possible settlements on legal matters.
  • Attend to peruse summons matters and attend court where required.
  • Manage attorneys who have been appointed to defend matters and institute legal recoveries. Understand costs versus benefits and probability of success by analyzing evidence at hand. Claims
  • Provide legal opinions on insured claims repudiations and settlements.
  • Manage the third-party claims department. Dispute Management
  • Provide legal advice on policy wording interpretation.
  • Provide legal advice on potential and existing disputes.
  • Manage disputes.
  • Manage all litigation matters, including the costs thereof, and external legal service providers.
  • Draft documents generated in the dispute management process including letters of demand, with and without prejudice correspondence, settlement proposals, settlement agreements and acknowledgements of debt.
  • Salary : Market related Please note that only shortlisted applicants will be contacted. Job Reference # : Legal Manager - Insurance Consultant Name : Shona Kelland

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