Contractual Drafter at Old Mutual South Africa

Job Description

Responsible for the drafting of contracts for corporate products, such as risk policies, endorsements and annexures that are legally sound, accurate and meet the needs of the stakeholders. This includes:

Drafting of production documents;

• Consulting with product owners and legal and business experts to establish the basis for the contractual documentation.
• Interpret the contents of contracts relating to fund and corporate business.
• Drafting of client documentation for corporate products and ensuring that contracts drafted -

Meet the requirements of legislation;

• Adhere to the requirements of stakeholders such as clients, product owners and legal & business experts.
• Drafting of complex, customised client contracts that deviate from the standard templates.
• Identifying any ambiguities, omissions, errors and inconsistencies in drafting instructions received and resolving these issues with appropriate parties.
• Proof reading of documents drafted to ensure quality, content and adherence to legislation.
• Regular liaison with brokers, consultants, legal advisers and other experts to clarify and resolve issues.
• Networks with business units, legal experts and product owners to establish the basis for contractual documentation and ensure documents meet business requirements.
• With the assistance of the legal advisers, keeping abreast of changes in legislation that could impact client documentation.
• May need to train other drafters and check documents.
• Interpret the contents of the contracts relating to the retirement fund and group employee benefits business.
• Interacting and support team members to meet the teams’ common goals and objectives.

Requirements

• Matric
• Knowledge of corporate products (especially group risk business).
• Drafting skills at an intermediate drafter level, with at least 3 years’ experience working as a contractual drafter.
• Knowledge of relevant legislation such as the Pension Funds Act and Long term Insurance Act.
• Proficient in speaking and writing in English.
• Ability to interpret contracts such as rules, agreements and policies, identify omissions, ambiguities, and other shortcomings and resolving these with the relevant stakeholder.
• Proficiency in the use of MS Word.
• Superior attention to detail.
• Ability to work accurately under pressure.
• Action orientated
• Excellent planning, organising, time management and project management skills.
• Adaptable
• Comfortable with making decision, consulting with experts and imparting knowledge to others.
• An innovative thinker.
• Uses own initiative.
• Strong analytical skills
• Team player