This role is responsible for providing support as part of Pacific Life Re’s Legal function in the delivery of a high quality legal and compliance service to Pacific Life Re’s Protection line of business and to the Pacific Life Re International Limited, Canada Branch
RESPONSIBILITIES
To work closely with Pacific Life Re’s Protection line of business in managing development and deployment of reinsurance documentation for new and in-force business, focusing on the North America market (including both US and Canada). This will involve drafting and reviewing treaty language, liaising with internal stakeholders including pricing, marketing and operations, developing and communicating corporate position on contract wording, monitoring industry trends and working closely with treaty analysts.
Proactively researching and advising the business on relevant Canadian regulatory matters, liaising with the regulators where appropriate.
Perform other general legal responsibilities such as acting as the internal contract review resource to support the business in reviewing vendor/other contracts, performing annual/quarterly legal compliance activities, supporting boards of legal entities dedicated to matters relating to the Canada Branch, ensuring appropriate maintenance of legal records, dealing with ad hoc legal queries (eg IT, HR etc). Serve as the Chief Compliance Officer, and the Chief Anti Money Laundering Officer for the Canada Branch.
Providing legal support in relation to disputed claims and/or other disputes with reinsurance clients. Any material disputes will be supported by external counsel.
Liaising with other legal teams relevant to the role across Pacific Life Re and Pacific Life to maintain relevant standards and collaborate on projects and initiatives that apply organisation-wide
Qualifications & Experience
- Minimum of 4-5 years post qualification legal experience.
- An LLB in addition to being a member in good standing with the Law Society of Upper Canada.
- Legal working experience with contracts, contract law, preferably from a financial services environment (reinsurance, insurance, investments, banking).
- Knowledge and understanding of Canadian financial services regulation preferably in an insurance context.
- Demonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life reinsurance industry
- Strong analytical and problem-solving skills
- Strong interpersonal and influencing skills
- Deliver to a high personal standard
- Takes responsibility for quality, completeness and accuracy of work
- Shows initiative, flexibility and resourcefulness
- Critically evaluates and challenges current work practices
- Is able to deal with challenging deadlines and prioritizes effectively
- Provides accurate and timely updates on status of work and escalates issues appropriately.
- Participates actively in meetings, has ‘meeting presence’
- Is a committed team member who shares information, knowledge, and experience openly
- Communicates in a clear and practical manner both verbally and in writing
- Has a good timekeeping and attendance record