Job Description
Key Responsibilities:
1. Legal Advisory & Compliance Management
- Ensure the company operates within the legal and regulatory frameworks governing the insurance industry.
- Monitor compliance with relevant insurance laws, regulatory requirements, and internal company policies.
- Advise management and departments on diverse legal matters, regulatory developments, and corporate governance issues.
- Assist in the development and implementation of internal compliance policies and risk mitigation strategies.
2. Contract & Policy Review
- Review contracts, service-level agreements (SLAs), policy documents, and other legal documents to ensure compliance and mitigate risk.
- Ensure all agreements are properly structured, legally sound, and aligned with company standards.
- Support contract negotiations and maintain a register of legal agreements.
3. Litigation & Dispute Resolution
- Prepare legal opinions, memos, and file notes for management approval in matters involving litigation, claims, or regulatory investigations.
- Liaise with and oversee the work of external counsel to ensure effective representation and case management.
- Work toward timely and cost-effective resolution of legal disputes involving the company.
4. Claims & Recovery Management
- Offer legal support in the handling of insurance claims to ensure fair, timely, and legally sound settlements.
- Assist the recovery team in pursuing legal remedies to recover outstanding claims or debts from third parties.
- Ensure all claims-related legal processes are properly documented and compliant with internal policies.
5. Risk Management & Regulatory Liaison
- Identify potential legal risks and work proactively to mitigate them.
- Maintain effective communication and working relationships with regulatory bodies and service providers.
- Monitor and evaluate the performance of external advocates and ensure adherence to service-level agreements.
6. Team Leadership & Training
- Provide leadership and oversight to legal officers, clerks, and assistants.
- Facilitate legal training and awareness sessions for internal teams and departments to promote compliance culture.
- Mentor junior staff and contribute to legal capability development within the company.
7. Reporting & Documentation
- Prepare regular reports on legal matters, litigation status, and compliance issues for management review.
- Maintain and secure documentation for legal cases, contracts, and compliance records.
- Ensure confidentiality and proper record management of all legal documents.
- Ensure efficient legal service delivery across departments
- Promote timely and well-documented claims processing and dispute resolution.