You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.
Job Description:
Function:
Legal
Reporting:
Director Legal (Contract Specialist)
Proposed Job Title:
Assistant Manager/ Manager - Legal
Proposed Grade:
- 2/6.1
Work Location:
Gurugram, India
Work Mode:
Work from office - 5 days
Qualification:
LLB; Advanced degree in law or contract management preferred
Experience:
5-10 years in legal domain, preferably from insurance industry, having work experience across geographies;
Relevant Industry experience:
Insurance, IT & ITES, Consulting, Service and outsourcing experience is preferred
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth, and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, Head Quartered in Canada. Other Location include the United States, Ireland, Business in Asia - Hong Kong, Philippines, Indonesia, Singapore, Vietnam, Malaysia, and Bermuda. Sun Life also operates its JV in India & China. In India, Sun Life's presence in insurance and mutual fund market is in joint venture with Aditya Birla. This opportunity is with Sun Life India Service Centre Private Limited (well known as Sun Life Global Solutions India (SLGS India), an independent global capability centre providing solutions as a captive unit to the business partners within Sun Life group.
Position Summary:
The Legal function at SLGS India in 2019 embarked on its journey to establish itself as Legal Centre of Excellence, by establishing a specialized vertical named Information Technology Contracting Centre (ITCC) aimed at providing legal process oriented solutions to the Sun Life group. Over the expanse of 4 years, ITCC has been able to extend its expertise across business partners in Philippines, Indonesia, Hong Kong, Vietnam and Canada. Also, ITCC has embarked on its journey to include USA as well under its wings.
This role based within the ITCC vertical shall be responsible for the end to end contract review process of the business partners from the insurance industry across geographies mentioned above.
PRINCIPAL RESPONSIBILITIES
Draft, review, negotiate and interpret several types of contracts pertaining to insurance industry entailing distribution, marketing, outsourcing, consulting and strategy driven engagements including day to day commercial agreements with Sun Life clients for Pension and Benefits group, such as: master services agreements, IT security, data protection agreements and any other related documents.
Draft, review and negotiate several types of contracts pertaining to insurance industry entailing distribution, marketing, outsourcing, consulting and strategy driven engagements.
Assist senior level contracting professionals in managing complex transaction work within a fast moving corporate environment with strong knowledge on legal issues related to contracts.
Working with teams and legal heads in Canada, Philippines, Indonesia, Vietnam, Hong Kong and USA and create and maintain relationships with business partners and serve as the singular point of contact for matters concerning contracts.
Maintain records for correspondence and documentation in relation to established contracts and those in progress.
Monitor contracts and move forward with close-out, extension, or renewal keeping in mind Sun Life's interests,
Solve any contract-related problems that may arise with other parties and internally with the company itself.
Structure client transactions to be most advantageous from a contracting and business perspective.
Advise and consult company professionals based on accurate interpretation of contract documents and the facts of a business opportunity.
Understanding of the statutory and regulatory framework for insurance and non insurance domain prevalent in India, Canada, Philippines, Indonesia, Hong Kong, Vietnam and USA.
Support the development of internal guidelines, toolkits and packaged knowledge capital on various legal and business issues including reporting tools to identify trends and forecast work volume.
Educate company professionals in regard to contracting and risk management issues.
Represent the company's interests and interface directly with client negotiating teams.
Experience in handling contract management software.
Track non- standard provisions and agreed to deliverables.
Develop and maintain a process to work with the business when major incidents occur (privacy, security, system outages etc.) to provide detailed information on contractual commitments.
Keep up to date with contract management best practices,
Actively participate in project-based work and specialized projects.
Skills:
Excellent verbal and written communication skills, with strong interpersonal skills
Self-motivated and independent.
Excellent relationship building skills as part of a team and with persons at all levels of the organization.
Analytical thinker with strong conceptual and problem-solving skills and able to and apply analytical and creative thinking to provide innovative solutions and manage risk,
Organized and detail-oriented with the ability to make sound judgments.
Experience in managing change in a cross-functional environment and operate effectively under pressure.
Ability to resolve issues creatively, effect change, and execute in an accelerated manner
Excellent planning and organization skills and the ability to deal with complex issues.
Experience working in a client-facing, matrix, project-based assignments.
Able to engage and influence others with confidence,
A self-starter with strong business acumen and the ability to effectively support simultaneous projects,
Familiar with applicable industry and regulatory trends,
Skilled at simplifying complex legal concepts and writing and speaking clearly,
Able to take a risk-based approach to the prioritization of work; and
Able to build relationships across multiple areas of the business.
Preferably Bilingual English and French
Strong Group Benefits and Group Retirement Service knowledge
Job Category:
Legal
Posting End Date:
26/11/2024
