Africa Trade Insurance policy Company is searching for to recruit a Transactional Lawyer.
Specific task description and duties
Reporting to the Normal Counsel, the Transactional Lawyer makes certain in basic that ATI’s underwriting functions are conducted in just and in compliance with the ATI Treaty and constitutive documents, resolutions, underwriting operations manual, laws, procedures and other legal demands guarantees that insurance coverage and reinsurance contracts/coverage and reinsurance policies, plan files, and other agreements are adequately drafted, negotiated, documented and perfected for the the best possible secure guard and in the best passions of ATI, and offers information and guidance on all legal issues relating to ATI underwriting operations.
The Transaction Lawyer will accomplish in particular the subsequent capabilities and duties as portion of the danger
• To offer a vast selection of legal providers to the Business
• On the basis of underwriting reviews and supporting files from the risk underwriting crew, critique and validate the eligibility of investment tasks and/or commercial transactions proposed for ATI insurance policy or guarantees
• Carry out authorized owing diligence on proposed transactions, evaluate documentation on transactions ATI,intends to insure and recommend on their adequacy such as, without having limitation, insurance coverage programs, personal loan/finance agreements, popular terms agreements, stability paperwork, intercreditor agreements, supply contracts, assures (sovereign or corporate), ability obtain agreements, lawful viewpoints, letters of guidance – as relevant
• Assessment and recommend on transaction framework and linked documentation (fairness financial commitment, task finance, trade finance, company finance etc.)
• Evaluation ATI’s policy wording/insurance policies contracts (normal ailments of coverage, specific
disorders of insurance policy, warranties and representations, exclusions, amendments, various
endorsements) and reinsurance contracts and suggest advancements in line with compliance to
appropriate insurance policy laws, regulatory necessities and statements expertise
• Negotiating/structuring insurance policies address: Support when and exactly where important ATI’s underwriting workforce
in negotiating with shoppers the scope of address such as but not restricted to precise terms and problems of insurance policy, amendments to insurance plan contracts or endorsements or any other fundamental legal agreements
• Suggest and coach underwriters, claims officers on plan interpretation and lawful implications of all
insurance coverage contracts, underlying commercial contracts and ATI liability.
• Re-draft files or critique externally delivered documentation for ATI’s political and industrial
chance insurance, such as, with out limitation, insurance, co-coverage or reinsurance policies
• Draft, assessment or negotiate lawful thoughts and KYC and NDA documents asked for by ATI customers.
• Guide ATI’s statements and recoveries group in acquiring approaches for statements avoidance and/or evaluating actual statements for payment by insured or reinsured
• Aid ATI in obtaining recoveries in which ATI has paid out an insurance policy assert.
• Support the supervision of external counsel, in which retained by ATI on transactions, as proper.
• Aid ATI in arbitration in regard of claims introduced by or from insureds or reinsurance events
beneath ATI’s insurance or reinsurance guidelines.
• Participate in underwriting conferences and offer assistance on authorized factors as and when important.
• Undertake exploration do the job in the areas related to ATI’s organization authorized framework and new improvement.
• Establish lawful and plan issues, exploration pertinent precedents and doctrine, and propose
appropriate methods to ATI business. Add to compilations of precedents and ideal practice in negotiating and concluding intricate industrial agreements and related insurance plan agreements.
• Report to the General Counsel any breach in ATI insurance plan policies, underwriting functions handbook or applicable procedures and proposed cures.
• Suggest the Basic counsel in the critique and approval approach of underwriting reports and linked contracts of coverage
• Aid ATI’s Typical Counsel in drafting legal paperwork and new coverage texts for new or present products, the coverage and reinsurance contracts and the underwriting operational guide.
• Perform this sort of other duties as may be assigned from time to time.
Qualification Required & Experience
• Undergraduate and postgraduate diploma in legislation from regarded universities. An admission to the Bar (or a diploma or a qualification to observe law in the property region) would be an extra gain.
• Working experience in lawful follow in jurisdiction making use of English widespread law and functional knowledge
of insurance coverage legislation.
• Prospect should be a working towards attorney or corporate lawyer with in-depth encounter in intercontinental
• Great oral, interpersonal and writing expertise in English (capability to current the two oral and composed
thoughts clearly, concisely and persuasively).
• Bilingual abilities (English and French) will be an extra
• Have a multipurpose multi-disciplinary skill established, an potential to get the job done in a multi-cultural atmosphere and
efficient conversation, crew developing, company oriented brain-established, interpersonal, writing and analytical abilities.
• Means to get the job done below stress and fulfill urgent deadlines.
• Practical experience in commercial litigation and international arbitration in a highly regarded regulation agency will be an
• Authorized Drafting & Exploration: Confirmed capability to draft transactional documentation (e.g., insurance coverage contracts, bank loan agreements), briefs and assortment of lawful instruments and connected files, with constrained supervision.
• Professional independence: carries out perform independently with thanks care under the immediate supervision of the General Counsel.
• IT competence in the use of typical computer software this kind of as MS Word, PowerPoint, Excel and World-wide-web.
How To Use For The Work
You should submit an Application Letter, Particular History Kind (Downloaded from the ATI site) CV, furthermore facts of your present-day remuneration deal together with particulars of 3 referees to:
Click on Right here To Download Particular Historical past Variety
ATI will only make contact with individuals applicants who are currently being actively considered for an job interview.
Closing Day: 07 February, 2020