Position Title: Assistant Vice President Legal
Role: Contract Management
Domain : Insurance (Mandatory)
Key Responsibilities
- Review, draft, and negotiate commercial contracts, vendor agreements, service-level agreements, and other legal documentation as per business and stakeholder needs, with a strong focus on the insurance domain.
- Manage and mitigate contractual risks, ensuring alignment with insurance regulatory requirements and IRDAI guidelines.
- Oversee the drafting and finalisation of corporate and branch leases, licenses, and allied documentation.
- Ensure compliance with all applicable laws, company policies, and industry best practices in the finalisation of contracts.
- Develop and implement best practices for legal governance and contract management specific to the insurance sector.
- Provide strategic legal advice on new and proposed legislation, particularly those impacting the insurance industry and related commercial agreements.
- Lead discussions and negotiations between internal stakeholders, clients, and external parties to ensure effective closure of contracts and agreements.
- Maintain accurate and efficient record-keeping and data management for all legal and contractual documents.
- Prepare and share periodic legal and compliance reports with senior management.
- Demonstrate professionalism, adherence to timelines, and commitment to organisational goals at all levels.
Critical Competencies
- LL.B from a reputed law college.
- 10+ years of post-qualification experience (PQE), with a strong background in commercial contracts within the insurance domain (mandatory).
- In-depth understanding of insurance laws, IRDAI regulations, and compliance frameworks.
- Excellent command over procedural laws and regulatory compliance.
- Exceptional oral and written communication skills with the ability to negotiate effectively.
