Manager/Senior Manager - Legal - Insurance

KEY RESPONSIBILITIES:-

Life insurance policy contracts

- Finalizing products by ensuring compliance with the product regulations and other applicable insurance laws and use of plain English which is easy for customer to understand.

- Ensuring that products filed are consistent with the File and Use document in order to avoid iterations /queries/refilling /claims.

- Handling end to end reinsurance treaties including its amendments.

- Responsible to provide all round support for products finalization including maintaining legal inventory.

Insurance Advisory

- Keeping regular updates on the latest development of trends and laws relating to life insurance industry.

- Advising on interpretation of laws and related issues to business department in day to day operational and customer related issues.

- Drafting representations before the regulator and Life Insurance Council

- Collaborate with Compliance team to develop framework and monitor compliance with laws.

- Spread legal awareness on various laws affecting the business.

- Manage relationship with external counsels.

- Participate in cross functional teams dealing with various business issues and provide legal advice to such groups

MEASURES OF SUCCESS:

- Internal customer feedback

- TAT for opinions and finalizing policy contracts

- Number of IRDAI queries/disputes/ arising out of finalized policy contracts

- Number and quality of innovative but compliant, business solutions

Key competencies/skills required

- Domain knowledge of insurance and relevant laws, its amendments and interpretation

- Experience of working in diverse areas of law

- Excellent drafting and communication skills

- Hands on experience in interacting with the any regulator.

Qualification and experience

A law graduate from a reputed institution having post qualification experience of 10-13 years in law firm or services sector (preferably financial / Insurance). Post-graduation is not a mandatory qualification.