Discovery Life
Legal Advisor Intern
About Discovery
Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, selfdriven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
About Discovery Life
Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide a world class service to our internal and external clients, thereby ensuring long and sustainable relationships.
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:
o
design of products for Discovery Life and Discovery Insure
o
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 business
Education and Experience
Essential:
LLB / B.Degree in Law
Proficient on MS Office. Computer literacy essential specifically Microsoft Word & PowerPoint and Excel
Advantageous:
Experience in Drafting & vetting of contracts and related documentation for insurance products (Advantageous)
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
EMPLOYMENT EQUITY
The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
