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Job Description

CIC-Africa Co-operatives Insurance Limited is a holding Company with two subsidiaries, namely; Co-operatives General insurance Limited and Co-operatives Life Assurance Limited. The holding Company was incorporated in Malawi on 06th October 2014. Co-operatives General Insurance Limited would like to fill the following vacancy;


Position: LEGAL AND COMPLIANCE OFFICER



TO BE BASED IN LILONGWE


KEY AREAS OF ACCOUNTABILITY:


Reporting to the Managing Director, The Legal and Compliance Officer is expected to perform but not limited to the following duties;

  • Initiate out of court settlements with third party claimants.
  • Enhance company savings by pursuing recoveries against negligent third parties
  • Respond to demand letters from third party advocates/ claimants
  • Assign service providers such as advocates and investigators to aid in recoveries
  • Conduct legal research and prepare legal opinions for review/ advice to management
  • Review pleadings, legal opinions and status reports prepared by external advocates and advice the company accordingly
  • Instruct external advocates on out of court negotiations on recoveries
  • Raise payments (judgments, fee notes and discharge vouchers)
  • Implement and manage an effective legal compliance program by creating effective action plans and regularly audit company procedures, practices and documentation to identify possible weaknesses or risks.
  • Develop and review company policies.
  • Advise management on the company’s compliance with laws and regulations through detailed reports.
  • Employees Training on latest and relevant regulations and processes.
  • Maintaining and updating Company’s Statutory Books.
  • Communication with stakeholders and maintaining proper paperwork and record keeping for the company.
  • Preparing board papers and coordinate board meetings


Qualifications and Experience

  • Bachelor’s Degree in Law required.
  • At least three years of progressive work experience preferably in an Insurance or financial industry
  • Self-starter and ability to work independently
  • Strong skills in prioritization, organization and attention to detail
  • Demonstrated professional writing and analytical skills
  • Proficient in Microsoft Office suite, including outlook, word, Excel, and PowerPoint


Method of Application


Interested candidates may submit their application letter and Curriculum Vitae with three traceable referees to;

The Managing Director,

CIC Co-operatives General Insurance,

Jash Building, Plot No. 4/387 Area 3, Colby Road,

P.O. Box 882,

Lilongwe,

OR:

Email: Recruitment.Malawi@mw.cicinsurancegroup.com 

Closing Date for receiving applications is on 14th August 2020


Skills Required


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Job Detail

  • Location
    Lilongwe
  • Company
  • Type
    Full Time
  • Positions
    1
  • Apply Before
    15 Aug, 2020

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