Onsite Legal Advisor

Posted 6 days ago

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About the role

  • Legal Advisor providing commercial and insurance legal support for Sanlam's product offerings. Advising on compliance, drafting contracts, and mentoring junior legal advisors while ensuring legal soundness.

Responsibilities

  • Provide expert legal advice and support on commercial and insurance related matters across Sanlam’s product offerings
  • Manage risk and enable business growth across insurance, investment, retirement funds and fintech solutions
  • Draft, review and negotiate commercial agreements including binder, intermediary, outsourcing, distribution, reinsurance and other transaction agreements
  • Ensure that contracts are legally sound and commercial aligned taking account of business objectives
  • Advise on insurance product structure, policy wordings, claims processes and regulatory compliance
  • Support underwriting, claims, complaints and product development teams
  • Identify and mitigate legal risks in commercial and insurance operations
  • Ensure that business practices align with legal and regulatory requirements
  • Analyze disputes; consider, negotiate, implement and manage appropriate solutions
  • Consider practical and cost-effective alternatives, risks and trends
  • Negotiate, draft and vet all required legal agreements including but not limited to binders, outsourcing, intermediary agreements, SLA’s, re-insurance agreements, data sharing agreements, NDA’s, joint venture agreements, cross-border transactional agreements
  • Research, prepare and draft legal opinions required as required
  • Collaborate with other SLS Legal COE units, the control functions and business
  • Represent Sanlam at required internal and external stakeholder engagements
  • Providing legal advice in meetings
  • Identifying problems and providing solutions in respect of insurance and financial services related matters
  • Interpreting legislation and advise on the impact of legislation on the business
  • Assisting with reviewing contracts and responding to internal queries
  • Mentor junior legal advisors

Requirements

  • LLB or higher legal qualification
  • Admitted Attorney or Advocate
  • At least 5 to 7 years’ experience (3 – 5 years’ post admission)
  • At least 3 years’ relevant experience in insurance law, commercial law or financial services
  • Strong experience in drafting and negotiating contracts and advising on insurance related matters
  • Working knowledge of regulatory frameworks governing financial institutions in South Africa
  • Good knowledge of legislation impacting Sanlam Life including the FSRA, Insurance Act and Prudential Standards, Retirement funds legislation, FAIS Act and Code of Conduct
  • Good knowledge and understanding of contract negotiating and drafting
  • Sound knowledge of legal research and writing of legal opinions
  • Good knowledge of litigation and ADR processes
  • Computer skills (MS Office)

Benefits

  • Health insurance
  • Retirement plans
  • Paid time off
  • Professional development opportunities

Job title

Legal Advisor

Job type

Experience level

Mid levelSenior

Salary

Not specified

Degree requirement

Bachelor's Degree

Location requirements

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