Company: Sanlam Group
Industry: Banking / Financial Services
Deadline: Sep 26, 2025
Job Type: Full Time
Qualification: Bachelors
Experience: 5 – 7 years
Location: Western Cape
City: Bellville
Field: Law / Legal
Job Title: Legal Advisor: Commercial Unit: Job Grade: 11: Sls: Legal Services: Bellville
Core Tasks:
- To provide expert legal advice and support on commercial and insurance related matters across Sanlam’s product offerings. The legal advisor will manage risk and enable business growth across insurance, investment, retirement funds and fintech solutions.
- Draft, review and negotiate commercial agreements including binder, intermediary, outsourcing, distribution, reinsurance and other transaction agreements
- Ensure that contracts are legally sound and commercial aligned taking account of business objectives.
- Advise on insurance product structure, policy wordings, claims processes and regulatory compliance
- Support underwriting, claims, complaints and product development teams.
- Identify and mitigate legal risks in commercial and insurance operations.
- Ensure that business practices align with legal and regulatory requirements
- Analyse disputes; consider, negotiate, implement and manage appropriate solutions.
- Consider practical and cost-effective alternatives, risks and trends.
- Negotiate, draft and vet all required legal agreements including but not limited to binders, outsourcing, intermediary agreements, SLA’s, re-insurance agreements, data sharing agreements, NDA’s, joint venture agreements, cross-border transactional agreements.
- Research, prepare and draft legal opinions required as required.
- Collaborate with other SLS Legal COE units, the control functions and business
- Represent Sanlam at required internal and external stakeholder engagements
- Providing legal advice in meetings
- Identifying problems and providing solutions in respect of insurance and financial services related matters
- Interpreting legislation and advise on the impact of legislation on the business
- Assisting with reviewing contracts and responding to internal queries
- Mentor junior legal advisors
What will make you successful in this role?
Role Requirements:
Qualifications:
- LLB or higher legal qualification
- Admitted Attorney or Advocate
Experience:
- At least 5 to 7 years’ experience (3 – 5 years’ post admission).
- At least 3 years’ relevant experience in insurance law, commercial law or financial services.
- Strong experience in drafting and negotiating contracts and advising on insurance related matters.
Knowledge and Skills:
- Working knowledge of regulatory frameworks governing financial institutions in South Africa.
- Good knowledge of legislation impacting Sanlam Life including the FSRA, Insurance Act and Prudential Standards, Retirement funds legislation, FAIS Act and Code of Conduct.
- Good knowledge and understanding of contract negotiating and drafting.
- Sound knowledge of legal research and writing of legal opinions.
- Good knowledge of litigation and ADR processes.
- Computer skills (MS Office).
Closing date: 26 September 2025
