Legal Consultant with experience in  insurance sector

Overview

Legal Consultant with experience in  insurance sector Jobs in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates at TAT IT Technolgies

Title: Legal Consultant with experience in  insurance sector

Company: TAT IT Technolgies

Location: Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

We have an urgent requirement for Legal Consultant with experience in insurance sector for one of the Insurance client in Abu Dhabi

Candidate is responsible for providing sound legal counsel to the company on all legal matters to ensure protection against legal exposure and liability and providing sound legal risk assessment which will facilitate management decision making–Must

It is preferable that the candidate has at least 2 years of this experience being in an international law firm or in-house legal department of a prominent regional or international–Must

Full Professional Proficiency in the English and Arabic languages.–Must

KEY RESPONSIBILITIES & ACCOUNTABILITIES:DESCRIPTION

Legal Counsel:Provide legal advice, guidance and support to all business departments of the Company on a wide range of matters to protect the Company’s interest by compliance with all contractual obligations, applicable statutes, rules and regulations and minimise liability, while highlighting the risk.

Demonstrate strong commercial/business acumen with the ability to deliver creative and pragmatic solutions and advice

Cases:Conduct legal research and confirm legal opinion on all cases filed for or against the Company on different matters with a view of recovering Company’s rights or minimise liability and reaching amicable settlements in line with Management’s discretion.Set out the case and/or defense strategy and identify all required documentary exhibits.Drafting instructions and appointment letters to external counsel and experts.Manage litigation and dispute resolution matters in all stages and aspects of the case/matter and up tocompletion including the enforcement procedures where applicable.

Contracts and other legal documents:Review, negotiate and draft a wide range of contracts, including insurance and reinsurance policies, lenders’ documents, settlement agreements and other legal documents, with a view to preventing legal exposure and evaluation of risk; counsel management on the interpretation and application of contractual provisions to implementlegal contracts. Custodian of original agreements and the Company’s registration documents.Counsel management on the interpretation and application of contractual provisions to implement legal contracts.Update standard forms of agreements and other documents to reflect changes in the legal landscape.Liaise with the Compliance Department on contracts and agreements that include regulated services and contractual aspects.Manage the signature process and ensure that the signatory is authorized has the requisite authorities to sign such document.

Legal ResearchCarry out legal research on laws, judgments and legal principles and any other required information to support legal decision-making and advice.

Document ManagementManage the filing of all executed contracts and legal templates.Custodian of original agreements and the Company’s registration documents.

New Projects and Ventures:Advise top management on legal implications of the new projects, investments, including joint ventures,alliances, mergers and acquisitions etc. in order to protect the corporate interests and minimise liabilities.

External Legal Services:Evaluate and monitor efficiency and quality of external legal services to ensure the Company isgetting the best value for the fees paid and liaise with external lawyers on the cases filed for or against theCompany.Establish and maintain communication channels with external law firms.

Powers of Attorney:Understand and advise other departments on the powers which each attorney possesses.Keep track of all POAs issued and canceled by the Company.Ensure that POAs of exiting employees are cancelled properly.Draft POA wording as required by the Company needs.Manage the process for POA execution

Legal Translation Services:Provide legal translation services for all official documentation that has legal implications, to avoid legal misinterpretation or any disputeManages and supervise other junior employees’ work.

 Detail-focused and self-motivated approach. Job descriptions given to the employees provide the general nature and level of work expected. It is not ntended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position. The job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to follow any other job-related instructions and to perform other job-related duties requested by their departmental manager. Management reserves the right to assign anyresponsibilities to its employees based on the business requirements

KEY PERFORMANCE INDICATORS

Feedback from Management.Accuracy of the advice being given.Advice given is communicated in a clear mannerAchieving a strong success rate for the Company in litigation matters, including the absence of the followingissues:a) No- following up the cases on all levels of litigation.b) Court and other legal deadlines being missed.c) Case and/or defense strategy is incomplete or flawed and does not achieve the desired or best outcome to protect the Company’s interests and position.Demonstrating strong drafting skills.Absence of any disputes over legal issues concerningtechnical or service contracts.Ensuring that contracts and documents are drafted in a clear manner, reflect the correct business understanding and include the proper remedies torectify defaults of counterparties.Highlighting potential risks, discrepancies and significant obligations to the relevant business units for their consideration.Research undertaken produced correct or complete results.Documents being filed.Documents folder is organized.A business venture i s working out based on legal advice provided.Follow the legal processes in place.All POAs are kept in one folder in an organized mannerr.Internal list and folder of POAs and Powers are up to date.Strong drafting skills for POAs which clearly set out he scope and limitations of the required powers.All legal documents are translated accurately and timely

:Professional Qualification from the Chartered Insurance Institute in London or equivalent is preferred.EXPERIENCE12+ years of experience.It is preferable that the candidate has at least 2 years of this experience being in an international law firm or in-house legal department of a prominent regional or international company.

Skills: arabic,insurance,legal