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About:
Founded in 2009, Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture between two of India’s leading public sector banks, Bank of India and Union Bank of India, and Dai-ichi Life Holdings, a leading life insurance company in Japan.
With a robust collective network of over 11,000 branches catering to more than 64 million customers, SUD Life has one of the largest life insurance distribution footprints in India. Bank of India and Union Bank of India have sponsored select Regional Rural Banks, which provides SUD Life access to more than 1950 branches that make life insurance products available in rural areas.
Established in 1902, Dai-ichi Life is the second largest life insurance company of Japan and is one of the top ten life insurers globally, renowned for sound product knowledge, superior asset management skills, and strong operational capabilities to manage life insurance businesses.
Their growth over the years has come from the immense contributions of their cross-cultural workforce. Their culture of inclusion and rewarding high performance is aimed at attracting and engaging people who are ambitious and enjoy working in an environment that stimulates and encourages growth.
Role:
Sr. Team Member – Litigation (Deputy Manager/Asst. Manager)
Qualifications:
- In depth knowledge in Litigation
- Domain expertise
- Industry knowledge
- Interpersonal skills
- Managerial skills
- Graduate in Law – Work experience with substantial exposure in financial services /Life Insurance industry legal departments
Responsibilities:
- Handling of assigned litigation portfolio and maintain high litigation success ratio.
- Protect the best interest of the company and maintaining the reputation in quasi-judicial forums like Ombudsman.
- Timely reply of legal notices
- Timely submission of replies before various consumer forums
- Reviewing the litigations and legal notices and ensure the total litigation numbers are stable by taking timely actions.
- Drafting of Board approved mandatory Policies and ensuring its compliance.
- Preparation of various Regulatory Reports and other internal presentation and reports
- Handling of various inter-departmental queries on legal matters
- Preparing management dashboard and submissions to the Board and other committees on litigation portfolio.
- Ensure legal due diligence and proper documentation with respect to branch offices.
- Drafting of various legal agreements
- Timely renewal of contracts and ensure that interest of the company is best protected.
- Provide legal opinion to claims, underwriting department on repudiation and null and void cases.
- Advisory services and information dissemination to internal stakeholders based on learnings from the litigation.
- Handle employee disciplinary matters by reviewing various communications, show cause, termination letters etc
- Maintaining the litigation MIS and timely update in litigation management tool
- Support in regulatory compliance matters as and when required.
How to apply:
Interested candidates can Apply here
We have taken all measures to ensure that this opportunity, available in the corporate domain, is uploaded/provided/given on our social media platforms, including our website, and is credible, verified and sourced from authenticated/trustable sources.
