Assistant Manager

1 day ago

Gurgaon, Haryana, India Max New York Life insurance Co Ltd Full time ₹ 6,00,000 - ₹ 12,00,000 per year
Job Description

Assistant Manager Legal Position

Assistant Manager Legal

No. of Positions

1

Department

Legal

Function

Legal & Compliance

Reporting to

VP Legal

Band

5B

Location

Gurgaon (HO)

Job Summary:
  • Manage Litigation filed before various courts & forums, Insurance Ombudsman and authorities.
  • Conduct legal due diligence for branch offices.
  • Manage police notices and complaints.
  • Regulatory reporting
Key Responsibilities: Manage litigation
  • Drafting & filing of legal documents before various authorities/forums including insurance ombudsman.
  • Coordination with external counsels/lawyers for managing litigations filed against the organization before various authorities/forums including insurance ombudsman.
  • Manage complaints filed before police authorities against the organization.
  • File police complaints on behalf of organization.
  • Track timely compliance of Court awards to avoid any adversity against organization.
Internal Advisory
  • Support claims team with regard to opinions on repudiation of claims & open title cases within TAT. Assist in recovery of excess amount paid to policyholders inadvertently.
  • Support to HR department with regard to opinion on employee termination, assistance in recovery of excess amount paid to employees & other ad-hoc assignments of critical nature.
  • Support to Distribution standard in recovery of negative balance from agents.
  • Collaborate with risk team to identify & highlight operational issues leading to large customer impact and assist in stitching process gaps.
Due Diligence:
  • Conduct due diligence in collaboration with external counsel for new branch offices/other office premises.
Measures of Success:
  • Timely filing of legal documents before the forums/authorities & avoid adverse orders against the organization.
  • Timely compliance of awards issued by Courts/Forums to avoid legal & regulatory adversity against organization.
  • Simple & quality advise within TAT.
  • Participation with risk team and other stakeholders through CFT to assist in stitching in process gaps.
  • Review of Process Notes/SOPs and suggest suitable amendments for smooth functioning.
  • Timely completion of Due diligence within TAT and quality advise to the stakeholder.
Desired experience:
  • L.LB.
  • 6-8 years experience in handling legal roles.
  • Domain knowledge of insurance industry preferable.
  • Ability to draft quality content independently.
  • Ability to work in teams and as part of coalitions, both within and outside the company.
Knowledge and skills required:
  • High customer centricity.
  • Strong Process/ controls orientation & analytical ability.
  • Strong on Max Life core values.
  • Effective communication (verbal and written), interpersonal, and influencing skills.
Locations

Gurugram, HR, IN

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