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Assistant Manager (Legal and Compliance)

Experience - 7 years+

Location - Lagos, Nigeria

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Purpose: We are looking for a lawyer with 7 or more years of relevant experience in commercial transaction, with adept  knowledge in reinsurance contracting and  insurance matters. Experience in, or willingness to learn about investment transactions and other business transactions is a plus.
Dimensions: Strategic Scope:  As a member of the group legal team, the candidate  will work directly with the Group Head of Legal Services to provide legal support and guidance to business units, regional offices, and subsidiaries within the group.

Assist to develop legal strategies and drive execution.

Geographic Scope:  African Region

Risk Scope:  Legal risk across all Regional Offices

 

Principal Accountabilities

1.    Counselling the Company on complex reinsurance transactions including:

  • Draft, review, and negotiate a wide range of complex commercial agreements (including distribution agreements, reinsurance partnership agreements, reinsurance agreements, and nondisclosure agreements) that support and enable our global business operations while considering applicable regulatory, reporting, and accounting requirements.
  • Provide advice and transaction support for the sale of multiple lines of reinsurance and warranty products, demonstrate an understanding of general principles of insurance law, and assist in supporting company business objectives, while noting legal risks and parameters under various courses of action.
  • Maintain and improve upon the company’s standard agreements and provide counsel regarding questions of coverage and loss.
  • Provide oversight of the arbitration and litigation of disputes involving reinsurance.
  • Advice on coverage afforded by domestic and international reinsurance agreements, both current and in runoff, assessing coverage for environmental claims on primary policies.

2.    Advising on a range of legal matters from marketing, promotions and advertisements to trademarks and copyright, IP matters and Data Protection governance for the company.

3.    Managing the Compliance and Regulatory functions with legal issues relating to  international and local laws as well as licensing.

4.    Assist in the development of local legal strategies, contracts, and other legal documentation.

5.    Provide regulatory advisory opinions to ensure that the business continually operates within the confines of the applicable laws.

6.    Provide legal advice and business support to the entire business.

 

Leadership Capabilities
  • Ability to understand complex legal issues and drive informed decision making in the company.
  • Strong business acumen to advise the business on how to deliver results whilst managing legal risk.
  • Ability to express legal issues in a straightforward and compelling way to internal and external stakeholders.
  • Demonstrates empathy, emotional intelligence, and self-awareness
Functional Competencies
  • 7+ years related experience within a reputable law firm or an in-house legal department for a mid- to large-sized insurance or reinsurance organization.
  • Reinsurance contracting and transactional experience, including experience drafting insurance policy language, reinsurance agreements, trust agreements and other ancillary reinsurance contracts.
  • Experience in, or willingness to learn about, investments transactions including private equity and other complex business transactions is highly desired.
  • Strong organizational, analytical, and critical-thinking skills, as well as the ability to identify and resolve legal issues
  • Broad knowledge of the commercial legal environment
  • Credibility and ability to engage and influence senior external stakeholders
  • Ability to manage external legal counsel
  • Clear and compelling written and verbal communication skills including ability to draft contracts

Application deadline:  31st January, 2022

Only shortlisted candidates will be contacted.

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