The Chief Legal Officer acts as the chief lawyer of Best Doctors Insurance (BDI) and serves on the executive team as the organization’s legal representative. The individual will provide legal advice to senior management, board members and other executives and advise them on the applicability of various laws and regulations. Manage the legal, regulatory and compliance requirements in all jurisdictions that may be applicable to BDI’s business.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:- Advising executives and senior employees on laws, regulations and other legal documents that would impact on the functionality of the business.
- Overseeing the legal matters of the business, including acting as the business’ legal representative.
- Oversee all legal aspects of reinsurance arrangements, multinational insurance regulatory matters and international dispute resolution.
- Create strategies, systems and controls to achieve compliance with regulatory requirements for all BDI entities
- Work with Chief Risk Officer to create policies and procedures to comply with requirements of relevant jurisdictions.
- Advice on all manners of legal documents including agency agreements, terms of trade, employment and IT contracts, property lease, sale and purchase agreements, deeds etc.
- Coordinate and manage the cost, output and value of outsourced legal advisors related to matters and legal disputes.
- First point of contact for any legal issues.
- Quality control and improvement of overall BDI contracts and binding agreements including reviewing of all insurance / reinsurance contracts, policy wordings and documents etc. to ensure compliance.
- Create and oversee processes to ensure compliance with applicable Anti-Money Laundering and privacy laws and regulations.
- Liaise with insurance manager and regulators to ensure required notification of any changes to the corporate structure or business plan.
- Monitor and advise on compliance issues relating to potential or actual acquisitions.
- Coordinate with Chief People Officer and employment counsel regarding legal related employment matters.
- Manage outsourced compliance consultants where utilized.
- Responsible for oversight of and response to any questions or complaints from regulatory bodies.
- Provide or organize training on compliance issues for compliance officers and senior executives.
- Report to the board on any areas of risk or potential areas of non-compliance.
- Take responsibility for establishing and maintaining up-to-date personal and team’s awareness of all legislative, regulatory and Company-specific rules, policies and procedures.
- Liaise with shareholder legal teams as well as our various Board members and key regulatory stakeholders.
- Bilingual would be useful but not essential.
- Good oral and written communication skills.
- Exceptional capacity for leading and managing people.
- Highly self-motivated, self-directed, and attentive to detail.
- Ability to effectively prioritize and execute tasks in a high-pressure environment.
- Extensive experience working in a team-oriented, collaborative environment.
- Comfortably operating in an area where applicable laws and regulations may not be apparent and be able to assess and balance competing legal and compliance risks.
EDUCATION AND EXPERIENCE:
- Appropriate legal and professional qualifications (JD etc.).
- Extensive experience as General Counsel in an insurance environment with specific IPMI knowledge is a bonus.
- Extensive M&A experience.
- Experience managing the legal operations of a complex multi-jurisdictional insurance business with extensive international regulatory exposure.
Skills Required
- Appropriate legal and professional qualifications (JD or equivalent)
- Extensive experience as General Counsel in an insurance environment
- IPMI (International Private Medical Insurance) knowledge
- Extensive M&A experience
- Experience managing legal operations of a complex multi-jurisdictional insurance business with international regulatory exposure
- Experience overseeing reinsurance arrangements, multinational insurance regulatory matters, and international dispute resolution
- Experience creating and overseeing compliance systems for AML and privacy laws
- Experience coordinating with regulators and responding to regulatory inquiries and complaints
- Experience managing and coordinating outsourced legal advisors and compliance consultants
- Good oral and written communication skills
- Exceptional capacity for leading and managing people
- Highly self-motivated, self-directed, and attentive to detail
- Ability to effectively prioritize and execute tasks in a high-pressure environment
- Extensive experience working in a team-oriented, collaborative environment
- Comfortable assessing and balancing competing legal and compliance risks when laws are unclear
- Bilingual (useful but not essential)
- Experience reporting to the board on risk and compliance matters
What We Do
Best Doctors Insurance is the leading international health insurance company in Latin America, the Caribbean and Canada. At Best Doctors Insurance we have a clear vision: to help our members connect with the very best healthcare, with access to the best-quality hospitals and specialized centers around the world. Best Doctors Insurance offers top-quality medical insurance plans; each carefully designed to deliver a full range of exclusive benefits and services for our members. The result? Our members can be certain they have the best health insurance plan that will help them, not only by paying the medical expenses but also guiding them through the complexities of the health care system when they need medical care. At Best Doctors Insurance, we are proud to contribute to better health—and better lives.
