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
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