Legal Advisor at Sanlam Group

What will you do?

• Provide legal and technical advice and support to the Retail Mass staff on all legal matters pertaining to the business, TCF, policy provisions as well as general advice relating to products, operational practices and scenarios related thereto. 
• Draft and amend contracts, policy documents and other legal documents (Intermediary Agreements, Binder Agreements, Administration Agreements, Service Level Agreements, Reinsurance Agreements, Lease Agreements, Management Outsource Business Contracts etc.)
• Analyze legislation, industry codes etc. and provide guidance to the business regarding the impact on the business and assist with the implementation thereof.
• Identify and communicate current and anticipated legal topics.
• Sign off on all client facing documents (advertisements, marketing campaigns, application forms etc.) to ensure compliance with legislation.
• Cultivate and manage working relationships with a variety of stakeholders within Retail Mass. 
• Provide monthly and annual reports to the Legal Manager. 
• Provide Legal training and development in terms of gaps identified in the business. 
• Draft legal newsletters to educate internal staff as well as external stakeholders that do not have legal background on the regulatory dispensation.
• Keep in safe custody legal documents and ensure that the legal registers are up to date.
• Ensure that all legislative frameworks are up to date and reviewed annually.
• Identify instances where notifications should be submitted to the Financial Sector Conduct Authority and compile the notifications for submission: for example notifications relating to material changes to existing products, new products and terminations of group schemes.
• Provide services to SDM administered Retirement Annuity funds, in relation to updating of policies, drafting of contracts, research and communication to board of trustees
• Participate in various Fund Committees and provide legal advice in such Committees
• Draft new fund rules, in compliance with relevant legislation, responding to needs identified
• Advising on administration of funds and fund governance
• Have an in-depth understanding of Applicable legislation (Financial Advisory and Intermediary Services Act, Long Term Insurance Act, Long-term Insurance Act Regulations, PPR, Retail Distribution Review, Insurance Act, Financial Section Regulation Act, Protection of Personal Information Act, POPIA, Financial Intelligence Centre Act, Pension Funds Act). 
• Attend to ad hoc tasks (including but not limited to: attending workshops, assisting with complaints if needed etc.).

What will make you successful in this role?
Qualification & experience 

• LLB or equivalent legal Degree with extensive drafting and/or legal advisory experience 
• Admitted Attorney

Knowledge and skills 

• Min 5 years’ experience in Life Insurance space or group life insurance (Group Risk and/or Funeral products)  
• Min 3 years’ experience relating to retirement annuities/pension funds
• Min 5 years’ experience in the Financial Services Industry 
• Contract drafting, litigation & arbitration process knowledge 
• Have an in-depth understanding of the following legislation: - Financial Advisory and Intermediary Services Act, Long Term Insurance Act, Long-term Insurance Act Regulations, PPR, Financial Section Regulation Act and Protection of Personal Information Act, 
• Proficiency in MS Office is essential
• Well-developed communication skills both written and verbal

Personal qualities 

• Communication (verbal and written) 
• Planning and organizing
• Problem solving 
• Analytical thinking
• Decision making 
• Initiative
• Confident and decisive
• Results driven
• Adhering to principles and values
• Quality and detail orientated
• Pro-activity
• Achieving personal work goals and objectives
• Teamwork
• Coping with pressures and setbacks

Closing Date: 3rd, May 2022