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Job Opportunity: Job Offer: Legal Counsel (Insurance Regulations):Monroe Consulting Philippines Inc.

Job description:

Legal Counsel (Insurance Regulations)

   » Full-time
   » Taguig
   »
   » Posted on August 1, 2022
   »
   » Apply job
Description:
Executive recruitment company Monroe Consulting Group Philippines is recruiting on behalf of the top Singaporean multinational technology company which focuses mainly on e-commerce. Our respected client is seeking a Law professional for the job of Legal Counsel focused on Insurance Regulation. The job is in BGC, Taguig, Metro Manila, Philippines and is currently on a Day – Shift Hybrid /Onsite arrangement.
 
Job Summary:

The Legal Counsel (Insurance Regulation) is responsible for providing the necessary legal guidance, support and opinion in all cases pertaining to insurance operations. The function holder will participate in the legal due diligence process and provide inputs on the legal aspects for resolving any complex issues related to Underwriting process to safeguard the interests of the company. The function holder will also be involved in drafting and reviewing various legal documents involved in insurance operations to ensure use of correct legal terminologies and clarity in interpretation of documents.

Job Job Job responsibilities:

Legal Due Diligence
   » Participates in underwriting operations by providing legal assistance to stakeholders from the Underwriting Division as and when required, on all matters, issues and problems related to legal assessment and evaluation of buyer/importer/borrower/Member Country and the implementation of insurance policies and contracts.
   » Participates in legal evaluation of various documentation involved in Trade Credit /Structured Finance/Foreign Investment transaction to analyze the legal risk involved and provides inputs to Underwriters on the same.
   » Drafts, reviews, or revises various legal documents, contracts, and agreements from legal standpoint safekeeping the interests of ICIEC.
   » Analyses and evaluates the legal impact of major decisions where the applicable law, regulations or facts of the case are ambiguous.

Insurance Operations
   » Ensures adherence to compliance requirements by Insurance operations and the support functions to identify gaps and recommend corrective steps, thus ensuring mitigation of operational risks.
   » Provides legal opinion and counsel on all investments and insurance operations in terms of regulatory requirements and legal approvals in order to minimize financial, legal and reputational risks.
   » Provides necessary legal assistance in drafting agency, brokerage and other forms of representation agreements and provides legal guidance on resolution of issues/disputes arising from their implementation.
   » Assists the Underwriters in drafting new policy terms and conditions to ensure the usage of appropriate legal terminology, ensure clarity in interpretation of terms and conditions, compliance with Shariah principles, etc. to minimize the risk of any legal dispute or incident of claim.
   » Assists the Short-Term Underwriting team to verify the legal documents for validity and to ensure all necessary legal documents are in place.
   » Participates in draft and review of treaty and facultative outward reinsurance treaties and contracts adherence to legal and risk framework and guidelines.
   » Assists the Reinsurance team in resolving any legal issues arising in transactions involving international re-insurers and initiate legal action in all cases of dispute pertaining to reinsurance operations.to safeguard the company's interests.
   » Guides in preparation of contracts to be issued to debt collection agencies and ensures alignment to legal and regulatory framework established.
   » Documentation and Reporting
   » Documents and maintains legal notes for all legal cases related to reinsurance and insurance to facilitate easy reference for assistance in resolving any similar future cases.
   » Generates and submits requisite reports as per agreed timelines to the General Legal Counsel to track the progress of legal operations.
Requirements:
Job Requirements:
   » Law Degree
   » Has 5 to 12 years' legal field practice with a solid practice in Insurance Regulations.
   » Highly skillsable on technical, scientific, and legal aspects of Insurance.
   » Outstanding communication skills with the capcapability to simplify complex information.
   » Analytical thinker with strong conceptual and research skills.
   » Natural leader who displays sound judgment and attention to detail.
   » capcapability to work under pressure and meet deadlines.
   » capcapability to work independently and as part of a team.
   » capcapability to work in a fast-paced environment.

salary: ?100000 - ?200000
Address: Taguig

Application Process:

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Monroe Consulting Philippines Inc. About Us ?Monroe Consulting Group is an international award-winning executive search (headhunting) company that delivers the highest standards of professionalism. With a network of offices spanning across Asia and a global network across 19 countries, we are big enough to deliver and small enough to care. Monroe's brand is located on the principles of honesty, integrity and customer satisfaction through our commitment to excellence in executive search (headhunting). Our selection of recruitment services is tailored to the specific requirements of our client companies, with employers being able to select either a database search or an executive search (headhunting) recruitment service, both of which are offered on a success-located or retained fee structure. ? Our Vision Our vision is to be the leading global specialist staffing group in our chosen sectors. Our Purpose Our purpose is to positively impact the lives of people, while delivering exceptional talent to our clients globally. Our Values As a group, we are led by our values of innovation, encouraging creativity and ingenuity; collaboration, communicating across geographies and sectors to achieve a strong team culture; accountcapcapability, inspiring leadership abilities abilities and commitment; responsibility, promoting integrity and honesty; and excellence, delivering results and maintaining discipline.

Skills:

Job Category: Other [ View All Other Jobs ]
Language requirements:
Employment type:
Salary: Unspecified
Degree: Unspecified
Experience (year): Unspecified
Job Location: Taguig Other
Address: Taguig
Company Type Employer
Post Date: 03/16/2024 / Viewed 885 times
Contact Information
Company: Monroe Consulting Philippines Inc.


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