Legal Consultant with experience in insurance sector

Legal Consultant - Insurance Sector

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

Key Responsibilities & Accountabilities

• Provide legal advice, guidance and support to all business departments on a wide range of matters to protect the company's interest by ensuring compliance with contractual obligations, applicable statutes, rules and regulations, and minimize liability.
• Demonstrate strong commercial/business acumen, delivering creative and pragmatic solutions and advice.
• Conduct legal research and confirm legal opinions on all cases filed for or against the company, aiming to recover the company's rights, minimize liability and reach amicable settlements.
• Set out case and/or defense strategy and identify required documentary exhibits.
• Draft instructions and appointment letters to external counsel and experts.
• Manage litigation and dispute resolution matters at all stages, including enforcement procedures where applicable.
• Review, negotiate and draft a wide range of contracts, including insurance and reinsurance policies, lenders' documents, settlement agreements and other legal documents, to prevent exposure and evaluate risk.
• Custodian of original agreements and the company's registration documents.
• Update standard forms of agreements and other documents to reflect changes in the legal landscape.
• Liaise with Compliance Department on regulated services and contractual aspects, and manage signatures ensuring authorized signatories.
• Carry out legal research on laws, judgments and principles to support decision-making.
• Manage filing of executed contracts and legal templates.
• Advise top management on legal implications of new projects, investments, joint ventures, alliances, mergers and acquisitions.
• Evaluate and monitor external legal services to ensure value, liaise with external lawyers on cases.
• Track and manage powers of attorney, ensuring proper execution and cancellation of their use; draft POA wording as required.
• Provide legal translation services for official documentation with legal implications.
• Manage and supervise junior employees' work.
• Detail-focused and self-motivated approach.

Key Performance Indicators

• Feedback from Management.
• Accuracy of the advice being given.
• Clear communication of advice.
• Strong success rate for the company in litigation matters, avoiding missed deadlines and incomplete strategies.
• Strong drafting skills.
• Absence of disputes over legal issues concerning technical or service contracts.
• Clear and accurate drafting of contracts and documents, with proper remedies for defaults.
• Identification and highlighting of potential risks, discrepancies and significant obligations.
• Correct and complete research results.
• Proper filing and organization of documents.
• Successful operation of business ventures based on the legal advice provided.
• Adherence to legal processes in place.
• Proper management of all POAs and powers, kept in one folder.
• Accurate and timely translation of all legal documents.

Professional Qualifications & Experience

• 12+ years of experience in a legal role.
• Preferably at least 2 years in an international law firm or in-house legal department of a prominent regional or international company.
• Professional Qualification from the Chartered Insurance Institute in London or equivalent is preferred.
• Full professional proficiency in English and Arabic languages.
• Strong commercial/business acumen and ability to deliver creative and pragmatic solutions.

Required Skills

• Arabic
• Insurance
• Legal