Legal Manager

Aditya Birla Group · Not specified · onsite · Posted 42d ago

Not disclosedFresherfulltimeSourced from Foundit

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About this role

Job Description

Basic Details:Fill the required information about business, unit, location, position, reports to position and date of updation of JD

Business	Wellness
Unit	Aditya Birla Health Insurance Co. Limited
Location	Goregaon , Mumbai
Poornata Position Number of the job		Reports to: Poornata Position Number
Poornata Position Title of the job		Reports to: Poornata Position Title
Function	Legal, Audit, Risk & Compliance, Sec	Reports to: Function	Legal, Audit, Risk & Compliance, Sec
Department	Legal, Audit, Risk & Compliance, Sec	Reports to: Department	Legal, Audit, Risk & Compliance, Sec
Designation of the Employee	RLC-2 Dy Chief Manager -Legal	Designation of the Manager	RLC-1 Head - Legal & Product Compliance
Date of writing/updation of JD	February 9, 2018

1) Job Purpose:Write the purpose for which the job exists (in 2-3 lines)

The role will be responsible for providing support in review of legal agreements including distribution arrangements, commercial agreements and property leases. Also shall handle legal matters in consultation with internal and external legal counsels including attending courts, consumer forums, Ombudsman, etc.

The role will also be responsible towards product compliance including review of product documentation and advertisements.

2) Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.

Team Size (Function Workforce Number)

Particulars	FY 18	FY 19	FY20

*Direct*	0	0	0
*Indirect*	2	5	7

Other parameters

Metric	Units	FY18	FY19	FY20
Departmental Budget	Rs Mn
Agreements		20	20	20
Advertisements		50	50	50
Litigation (including notices)		7	15	20

3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

About the Health Insurance Industry -

While the current market sees more than 15 non-life players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalized service provider (6) remains a strong competitor. In addition to this the business dynamics are such that the overall market on an annual basis which is to the tune of roughly 10,000 Crs sees close to 85 % of the business renewing with the existing service provider itself. This narrows down the opportunity of the fresh business actually being seriously fought in the market to approximately 1500 odd Crs. With the SME and the start-ups being the driving force of Indian economy, the opportunity to cater to these segments is immense and is increasing manifold year on year. The challenge here therefore remains as to how we capture a larger share of the opportunity by developing specific solutions to cater each segment of the business. Also by creating an inexpensive and standardized solution to increase the reach into the pockets of channel partners across the country to harness on their captive business and explore new opportunities with them.

Market Opportunities - With the advent of medical advancements, lifestyle changes, change in Indian socio-economic scenario and Indian healthcare space, and the insurers are facing challenges to cater to the needs of this diverse clientele. Increasingly Indian customers have started considering health insurance partners as extensions of health advisers. In this scenario it becomes extremely important to understand their psyche and then provide tailored solutions with wellness benefits which would help them meet their end objectives and bring in profitable revenue source for the company.

About the Aditya Birla Health Insurance -

Aditya Birla Health Insurance Co. Limited (ABHICL) was incorporated in 2015 as a 51:49 joint venture between Aditya Birla Capital Limited (ABCL) and MMI Strategic Investments (Pty) Ltd. ABHICL commenced its operations in October 2016.

ABHICL has entered the competitive health insurance market with an aim to expand the category to wider customer segments, beyond the ones that health insurance companies traditionally have marketed to. As the 6^th entrant in a category with well-established players, ABHICL is creating differentiation and equity for itself though the unique business proposition of Health Insurance for All, a one of a kind proposition in India at the moment. This is a philosophy that is being built through every single consumer touch point and into every single backend process of the company to ensure a customer's experience of our proposition is continuous and seamless.

ABHI's unique offering to market includes proposition includes -

A Comprehensive Incentivized Wellness Program that will attract the young and health conscious and will motivate, guide and reward them to stay healthy
A Chronic Care Management Program to cater to the unmet needs of a growing Indian population of those suffering from chronic lifestyle conditions like Diabetes, Asthma, High Cholesterol and Hypertension from Day 1
ABHICL serves as an enabler and influencer of health and healthcare choices that customers make, in addition to being a payer of healthcare expenses. Thus, ABHICL would act like a much needed catalyst to grow the prevalent health insurance landscape in India through product innovations and a wider choice of consumer relevant products.
ABHICL's vision has always been digital. The company has been successful in adopting paper-less approach right from identifying to on-boarding to delivering seamless experience of its customers & employees.

In view of increasing regulatory requirements and monitoring, it becomes pertinent for Secretarial & Legal department of Company to remain up-to-date on the regulatory requirements and effectively monitor the implementation/ fulfillment of the requirements in a time bound manner. Further, various process and documents needs to be vetted by the legal function to adequately protect the interests of the Company.

Challenge - Internal

Co-ordinate with various stakeholders and follow up for closure of compliance requirements
Update legal skills on a regular basis to support business with emerging business scenarios

Challenge - External

The position is located in Mumbai and the job holder will be supporting the Legal, compliance and Secretarial Function. The successful individual will need to demonstrate a strong ability to:

prioritise and manage work load effectively and adhere timelines under Companies Act and other applicable Regulations,
work along with the Manager - Legal/ Secretarial and take responsibility for timely preparation of documents.

4) Key Result Areas:Writethe key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)
Key Result Areas	Supporting Actions
Main Responsibilities
Product Documents	Vetting of product documents including policy wordings of various products in collaboration with products team and responding to various IRDAI queries.
Advertisement Review	Review of advertisements and comply with regulatory norms including filing of the same with Regulator
Drafting / Review / Execution Agreement	Provide support in drafting and execution of Agreement to be entered into with various stakeholders
Legal Cases	On a case to case basis be able to handle legal cases filed against the Company before consumer forum/ ombudsman
Protection of Company's Trademarks/ IPRs	Ensure protection of Company's trademarks and IPRs
Status update and Compliance	Support in providing updates by sharing of and verifying compliance with various Regulations, provisions of Insurance Act, labour laws, Shops and Establishment Act and other statutes Provide guidelines with respect to statutory compliance to all business and corporate functions, and if required, conduct legal audit and due diligence

5) Job Purpose of Direct Reports:Describe the job purpose of the direct report/s to the job (in 2-3 lines for each report)

Nil

6) Relationships:Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives
Relationship Type	Frequency	Nature
Internal
All Functions	Regular	For Compliance
External
Vendors Advocates Legal Authorities / Court / Ombudsman / Police Officials	Need Based On a need basis On a need basis	For various services related to Legal Function For Legal Advice/ Legal Cases For Legal Cases or on behalf of the Company

7) Organizational Relationships:Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position.

SIGN-OFF:Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record.
	Job Holder	Reports to - Manager
Name
Signature(needed for the hard copy)

Sourced from foundit

Skills

Corporate Law

About Aditya Birla Group

Aditya Birla Group

Metals & Mining

227.5k+

employees

1857

169 years old

Mumbai, Maharashtra

India

About

Aditya Birla Group is a Fortune 500 global conglomerate. The company's businesses have grown into global powerhouses in a wide range of sectors metals, textiles, carbon black, telecom and cement.

Industries

Metals & MiningFinancial ServicesBuilding MaterialRetailTelecomChemicals

Employee ratings

2,383 reviews

4.1/ 5

Culture

3.9

Career growth

3.5

Work-life

4.0

Employees rate it well for

Work Culture191Salary167Senior Management152Work Life Balance146Job Security123

Find them on

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3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

About the Health Insurance Industry -

About the Aditya Birla Health Insurance -

ABHI's unique offering to market includes proposition includes -

A Comprehensive Incentivized Wellness Program that will attract the young and health conscious and will motivate, guide and reward them to stay healthy
A Chronic Care Management Program to cater to the unmet needs of a growing Indian population of those suffering from chronic lifestyle conditions like Diabetes, Asthma, High Cholesterol and Hypertension from Day 1
ABHICL serves as an enabler and influencer of health and healthcare choices that customers make, in addition to being a payer of healthcare expenses. Thus, ABHICL would act like a much needed catalyst to grow the prevalent health insurance landscape in India through product innovations and a wider choice of consumer relevant products.
ABHICL's vision has always been digital. The company has been successful in adopting paper-less approach right from identifying to on-boarding to delivering seamless experience of its customers & employees.

Challenge - Internal

Co-ordinate with various stakeholders and follow up for closure of compliance requirements
Update legal skills on a regular basis to support business with emerging business scenarios

Challenge - External

The position is located in Mumbai and the job holder will be supporting the Legal, compliance and Secretarial Function. The successful individual will need to demonstrate a strong ability to:

prioritise and manage work load effectively and adhere timelines under Companies Act and other applicable Regulations,
work along with the Manager - Legal/ Secretarial and take responsibility for timely preparation of documents.

4) Key Result Areas:Writethe key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)

Key Result Areas

Supporting Actions

Main Responsibilities

Product Documents

Vetting of product documents including policy wordings of various products in collaboration with products team and responding to various IRDAI queries.

Advertisement Review

Review of advertisements and comply with regulatory norms including filing of the same with Regulator

Drafting / Review / Execution Agreement

Provide support in drafting and execution of Agreement to be entered into with various stakeholders

Legal Cases

On a case to case basis be able to handle legal cases filed against the Company before consumer forum/ ombudsman

Protection of Company's Trademarks/ IPRs

Ensure protection of Company's trademarks and IPRs

Status update and Compliance

Support in providing updates by sharing of and verifying compliance with various Regulations, provisions of Insurance Act, labour laws, Shops and Establishment Act and other statutes
Provide guidelines with respect to statutory compliance to all business and corporate functions, and if required, conduct legal audit and due diligence

6) Relationships:Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type

Frequency

Nature

Internal

All Functions

Regular

For Compliance

External

Vendors

Advocates

Legal Authorities / Court / Ombudsman / Police Officials

Need Based

On a need basis

For various services related to Legal Function

For Legal Advice/ Legal Cases

For Legal Cases or on behalf of the Company

Legal Manager

Job Description

Basic Details:Fill the required information about business, unit, location, position, reports to position and date of updation of JD

1) Job Purpose:Write the purpose for which the job exists (in 2-3 lines)

3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

4) Key Result Areas:Writethe key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)

5) Job Purpose of Direct Reports:Describe the job purpose of the direct report/s to the job (in 2-3 lines for each report)

6) Relationships:Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type

Frequency

Nature

7) Organizational Relationships:Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position.

SIGN-OFF:Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record.

Aditya Birla Group

Legal Manager

Job Description

Basic Details:Fill the required information about business, unit, location, position, reports to position and date of updation of JD

1) Job Purpose:Write the purpose for which the job exists (in 2-3 lines)

3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

4) Key Result Areas:Writethe key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)

5) Job Purpose of Direct Reports:Describe the job purpose of the direct report/s to the job (in 2-3 lines for each report)

6) Relationships:Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type

Frequency

Nature

7) Organizational Relationships:Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position.

SIGN-OFF:Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record.

Aditya Birla Group