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 about insurance operations. The role holder will participate in the legal due diligence process and provide input on the legal aspects for resolving any complex issues related to the Underwriting process to safeguard the interests of the company. The role holder will also be involved in drafting and reviewing various legal documents involved in insurance operations to ensure the use of correct legal terminologies and clarity in the interpretation of documents.**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 the legal evaluation of various documentation involved in Trade Credit /Structured Finance/Foreign Investment transactions 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 a 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 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 the 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 the claim.- Assists the Short-Term Underwriting team to verify the legal documents for validity and ensure all necessary legal documents are in place.- Participates in draft and review of the 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 initiates legal action in all cases of dispute about reinsurance operations.to safeguard the company's interests.- Guides in preparation of contracts to be issued to debt collection agencies and ensure alignment to the 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.**Job Requirements**:- Law degree holder- Has 5 to 12 years' legal field experience with a solid experience in Insurance Regulations.- Highly knowledgeable on technical, scientific, and legal aspects of Insurance.- Outstanding communication skills with the ability to simplify complex information.- Analytical thinker with strong conceptual and research skills.- A natural leader who displays sound judgment and attention to detail.- Ability to work under pressure and meet deadlines.- Ability to work independently and as part of a team.- Ability to work in a fast-paced environment.**Salary**: Php160,000.00 - Php300,000.00 per monthSchedule:- 8 hour shiftSupplemental Pay:- 13th month salaryAbility to commute/relocate:- Taguig City: Reliably commute or planning to relocate before starting work (required)
