Internship: Legal Advisor at Discovery Limited

About the Job

Key Purpose

• The successful applicant will be responsible for ensuring the highest quality legal advice and assistance is made available to Discovery Life and Discovery Insure in the most efficient way. To represent Discovery in legal matters before the Ombudsman for Long-Term Insurance and Ombudsman for Short-Term Insurance

Areas of responsibility may include but not limited to:

• Provision of legal advice and assistance relating to:
  • design of products for Discovery Life and Discovery Insure
  • drafting and vetting of legal contracts and marketing material o participation in claims decisions for Discovery Life and Discovery Insure
• Liaison with the relevant Financial Industry Bodies
• Represent Discovery in legal matters before the Ombudsman for Long-Term Insurance and Ombudsman for Short-Term Insurance
• Provision of Product Education and support to Financial Service Providers
• Ensuring that business is advised of any legal or regulatory changes
• Preparing and finalizing agreements of a commercial nature in liaison with contracting parties
• Delivering outputs within acceptable timeframes, manage external Legal Counsel,

Competencies to work with Legal Counsel at Group Level

• Oversee that all drafted contracts and policy documents are in line with legislation and compliant with legislative requirements.
• Oversee the general day to day functions within the legal division and make certain that all processes and documents are aligned and compliant
• Attend to all correspondence or queries from the Industry Ombudsman or Regulators timeously
• Providing holistic solutions to internal and external clients
• Manage compliance and risk in company policies and procedures of the busines

Education and Experience
Essential:

• LLB / B.Degree in Law
• Experience in Drafting & vetting of contracts and related documentation for insurance products (Advantageous)
• Proficient on MS Office. Computer literacy essential specifically Microsoft Word & PowerPoint and Excel

Technical Skills and Knowledge

Essential:

• Excellent legal writing skills, with particular emphasis on contract-writing
• Strong legal drafting and negotiating skills
• Knowledge of Regulatory requirements – FAIS, FICA, Long Term Insurance Act, Short Term Insurance Act
• High level of knowledge of Financial Services Industry legislation and regulations