Monday , February 26 2024

Sanlam Vacancies in Johannesburg – Head of Legal

Website Sanlam

Job Description:

Sanlam Developing Markets [SDM] (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy,

Job Responsibilities:

  • Keep abreast of new legislation and regulatory changes and facilitate industry comments for Retail Mass
  • Oversee the cluster’s Complaints process and signing off on all OLTI & FAIS complaints
  • Be able to draft contracts in line with Applicable legislation and monitor compliance thereof (Intermediary Agreements, Binder Agreements, Administration Agreements,
  • Service Level Agreements, Reinsurance Agreements)
  • Cultivate and manage working relationships with a variety of stakeholders within Retail Mass
  • Manage the legal team and the Complaints team and assist with escalating complaints root causes and provide guidance in remedial action to close the gaps
  • Amend policy documents & terms and conditions with latest legislative changes and requirements by FSCA
  • Review and sign-off of marketing material, application forms and all client facing documents
  • Provide legal opinion on queries from the operations & business development teams relating to the scheme’s legal structure, policy document and terms and conditions of that group scheme
  • Manage litigation matters within SDM
  • Drafting contracts, Policies, Terms and Conditions of Schemes & Reinsurance Agreements

Job Requirements:

  • Adhering to principles and values
  • Planning and organizing
  • Initiative
  • Results driven
  • Analytical thinking
  • Well-developed communication skills both written and verbal
  • Proficiency in MS Office is essential
  • Decision making
  • Confident and decisive
  • Problem solving

Qualification & Experience:

  • Min 6 years’ experience in the Financial Services Industry
  • At least 7 years management experience in the insurance industry
  • Admitted Attorney or advocate in South Africa would be advantageous
  • LLB or equivalent legal degree with extensive drafting and/or legal advisory experience
  • Extensive knowledge and good understanding of the following legislation: – FAIS, Long Term Insurance Act, Insurance Act, 2017, Retail Distribution Review, FSR Act,
  • POPI, FICA, Long-term insurance Regulations & Policyholder Protection Rules, 2017
  • Min 5 years’ experience in Long Term Insurance space or group life insurance (Group Risk, Cell captive insurance and Funeral products experience will be an advantage)

Job Details:

Company: Sanlam

Vacancy Type:  Full Time

Job Location: Johannesburg, Gauteng, SA

Application Deadline: N/A

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