Exide Life Insurance - Deputy Manager/Manager - Legal - LLB/LLM

POSITION DESCRIPTION

POSITION TITLE: : Deputy Manager or Manager - Legal

BUSINESS UNIT: CLCSA

REPORTING TO: Deputy General Manager - Legal

LOCATION : Bangalore- HO

Position Summary (Comprehensive summary of what the job exists to accomplish) :

- Drafting, vetting and negotiating commercial agreements, policy terms and conditions. Drafting responses to legal notices/ advisory services/ opinions to internal departments

Key Accountabilities (A collection of duties and/or responsibilities assigned) :

- Drafting of business agreements, contract management, and legal risk management. Negotiating, drafting and execution of all commercial and procurement contract

- Drafting and vetting policy documents, proposal forms, agency terms and conditions, corporate agency agreements, broker agreements and other intermediary agreements

- Assisting in dealing with laws applicable to a Life Insurance Company

- Drafting & vetting of written communication with internal and external customers

- Assist and independently draft and negotiate and finalize Agreements/ documentation

- Advice and reviews products and marketing materials of the company from legal point of view

- Drafting Terms and conditions, reviewing other product documents offered by the Company and ensuring the quality and compliance with the Regulator

- Managing timely responses to legal notices/ advisory services/ opinions to internal departments

- Drafting and vetting of documents and providing advisory support

- Prepare documentation and handle correspondence & routine legal matters with internal customers

- Active involvement in drafting, reviewing & improving the standard documents such as agreements, contracts, NDA, letter of intent, manuals etc.

- Drafting, vetting letters and replies to Customers, IRDA and various other statutory authorities

- Streamlining the existing process after identifying the gaps

- Cross functional engagement such as timely replies to police authorities, appearances before the police station, submission of statements u/s 161 Cr.P.C., pleadings, attend effective hearings, briefing to advocates and ensure favorable results for the Company

- Comprehensive reply and representation before Ombudsman, Consumer court, and another Government body. Well versed in Arbitrations

- Assisting in regulatory and compliance management

Skills, Knowledge & Qualifications (Framework required by the position) :

- Graduate (LLB Graduates Preferred) with 5+ years of experience in Insurance/Financial Sector, LLM would be an added advantage

- Proficient in both spoken and written English

- Good command over the English language and drafting skills

- Understanding of scope of services and operations

- Should be open to new ideas and bring best practices to the organization

- Expertise in system - Windows office/basics in tech information

Personal Attributes & Competencies :

- Independent, self-starter, with a strong work ethic, high degree of motivation and the ability to contribute to a positive team attitude

- Analytical and interpretation skills

- Time management

- Ability to lead by example and demonstrate Exide Life Insurance values

Performance Measures (The quantitative measures of the job's overall responsibility) :

- Quality in drafting contracts/documents

- Internal customer satisfaction by providing quality and timely feedback/ response

- Conversant with Insurance Laws and procedures

- Performance on Cross Functional Engagement/ Initiatives

PERSON PROFILE (for the Ideal candidate) :

Base Location - Bangalore

Age (Min to Max) - 24 - 30

Experience (Min to Max) - 5 to 6 years in drafting Contracts and Contract Management

Specific Qualification Requirement, If any - Law Graduate (Post Graduate will be an added advantage)

Industry Preference : Insurance / BFSI

Specific Skill Sets and Weight age assigned to various skill sets :

Risk Management experience - 20 %

Drafting and communication skills - 50 %

Attitude to learn and excel - 30 %

Position reports into Deputy General Manager - Legal

Direct Reports to the position : Nil

% Travel Required in this Position : Nil

Any other specific requirements/ preferences : Nil