AssurantMumbai Metropolitan RegionOn-siteFull-time10–15 years
Listing expiry: 21 October 2026
About the role
Role Overview
The Senior Legal Counsel will advise senior business stakeholders on legal matters across insurance operations, commercial contracts, regulatory compliance, corporate governance, disputes, employment, and risk management. The role leads legal initiatives, manages external counsel, supports business strategy, and promotes sound governance and compliance practices.
Key Responsibilities
- Draft, review, negotiate, and finalise commercial agreements, including distribution agreements, service agreements, vendor contracts, technology agreements, confidentiality agreements, and strategic partnerships.
- Advise business stakeholders on contractual risks, obligations, and mitigation strategies.
- Lead contract execution processes and oversee contractual compliance obligations, renewals, amendments, and extensions.
- Structure commercial arrangements in collaboration with business teams to meet legal and regulatory requirements.
- Manage complex legal matters and strategic initiatives in consultation with the Head of Legal.
- Monitor, analyse, and interpret developments in insurance, corporate, data privacy, consumer protection, and related regulatory frameworks.
- Advise stakeholders on regulatory implications and implementation requirements, obtain external legal opinions where necessary, and support regulatory filings, annual renewals, and compliance projects.
- Develop legal strategies for disputes, customer complaints, regulatory proceedings, arbitration, and litigation.
- Review and finalise legal responses, notices, and communications; manage external counsel and oversee litigation and arbitration budgets and case strategies.
- Work with claims, operations, finance, and business teams on dispute resolution and provide recommendations balancing legal risk, operational impact, and commercial considerations.
- Conduct legal analysis and provide practical, business-oriented advice on employment matters, investigations, disciplinary actions, and workplace policies.
- Review and approve policies, procedures, governance documents, and operational frameworks, and assess legal risks associated with new products, distribution channels, technology solutions, and business initiatives.
- Review, analyse, and validate reinsurance slips against policy documentation, underwriting records, and internal approvals.
- Advise on insurance coverage, policy interpretation, contractual obligations, and the legal implications of insurance products and services.
- Oversee legal repositories, records management, document governance, retention standards, legal records, approvals, and governance controls.
- Review and approve legal invoices and external counsel engagements, monitor legal budgets, and improve legal processes, templates, and operational efficiency.
- Lead legal support for internal and external audits, compliance reviews, and regulatory inspections; coordinate stakeholders and provide legal clarifications, supporting documentation, and remediation guidance.
- Drive compliance initiatives and promote effective governance practices.
- Advise senior business leaders and collaborate with Finance, Operations, Claims, Compliance, Risk, HR, Product, and Commercial teams.
- Manage relationships with regulators, industry bodies, external counsel, and other advisers.
- Prepare and present legal updates, management reports, dashboards, and strategic recommendations to leadership.
- Mentor junior legal team members and support capability building within the legal function.
- Support strategic transactions, acquisitions, partnerships, and other corporate initiatives, and represent legal and compliance positions with regulators, clients, and external stakeholders.
Qualifications & Experience
- 10-15 years of post-qualification experience, with substantial experience in the insurance, financial service and other service entity and/or reinsurance industry.
- Experience supporting insurance products, distribution arrangements, claims, and regulatory compliance matters.
- Prior in-house legal experience within the insurance, financial services, or insurtech sector is strongly preferred.
- Strong understanding of Indian insurance laws, IRDAI regulations, IFSC Regulations, contract law, corporate law, employment law, and regulatory frameworks.
- Strategic legal and commercial judgment, contract negotiation and drafting expertise, and insurance, financial services, and regulatory advisory capability.
- Experience in litigation, arbitration, and dispute management, along with risk assessment, problem-solving, leadership, and project-management skills.
- Excellent verbal and written communication skills and the ability to work independently in a fast-paced business environment.
- Deep understanding of insurance and financial services operations, reinsurance structures, corporate governance, risk management, and regulatory compliance requirements.
- Ability to provide commercially practical, business-oriented legal advice while balancing legal and operational risks.
- LL.B. degree from a recognized university.
- LL.M. or equivalent postgraduate qualification preferred.
- Qualified to practice law in India.
- Strong expertise in insurance laws and regulations, exceptional stakeholder-management and influencing skills, and experience working with senior management and cross-functional leadership teams.
- Significant experience within insurance, reinsurance, financial services, or insurtech organizations.
- Experience managing complex litigation, arbitration, regulatory matters, governance projects, and external counsel relationships.
Additional Details
- The role is based in a work-from-office arrangement.
- The position is responsible for managing legal spend, including legal invoice review and approval, external counsel engagements, and budgets for disputes, litigation, arbitration, and advisory matters.
- Virtual interviews are required to be conducted on video.
- Employment is contingent upon completion of an identity-verification process, which may include biometric technology where permitted by applicable law and subject to applicable notice and consent requirements.
- Any posted pay range considers factors including candidate background, experience, and work location, while allowing for salary growth within the position.
- The employer describes its culture as focused on service, practical innovation, inclusion, and professional growth.