Business Unit: Discovery Central Services
Function: Legal Affairs
Date: 4 Sep 2023
Internship: Legal Advisor
Discovery – Employee Benefits
Legal Advisor Internship
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, self-driven 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 Employee Benefits
Discovery Employee Benefits is the first and only employee benefits provider to be shaping employee behaviour, creating healthier and wealthier workforces. It is an exciting business to be in as we reimagine the way retirement savings and life insurance is brought to companies and employees.
Key Purpose
The successful applicant will be responsible for ensuring the highest quality legal advice and assistance is made available to Discovery Employee Benefits 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 -Internship
- Provision of legal advice and assistance relating to:
– design of products for Discovery Employee Benefits
– drafting and vetting of legal contracts and marketing material
– 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
Personal Attributes and Skills
- Deciding and initiating action
- Working with People
- Persuading and Influencing
- Presenting and Communicating Information
- Writing and Reporting
- Applying Expertise and Technology
- Analysing
- Learning and Researching
- Planning & Organising
- Delivering Results and Meeting Customer Expectations
- Adapting and Responding to Change
- Coping with Pressure and Setbacks
- 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
- Drafting & vetting of contracts and related documentation for insurance products
Education and Experience
- LLB / BDegree in Law
- Proficient on MS Office. Computer literacy essential specifically Microsoft Word & PowerPoint and Excel
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.
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