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 :
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 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