Motor TP Litigation

About Job

• The incumbent will be managing Motor Third Party Litigation end to end for entire South Zone
• Strategic management of high value litigation
• Entrustment of TP claims for Panel Advocate & Investigation team and follow up for the reports and QC of the investigation reports, closure of the claims through legal procedure
• Define and execute litigation roadmaps for the south zone
  

Skills & Qualification
Ø Graduate in Law form any Recognized University in India
Ø Good command on written and spoken English & any one regional language Tamil/Malayalam/Telugu
Ø Must be a localite of Tamilnadu/Kerala/Andhra Pradesh
Ø Multilingual ability is an added advantage
Ø Experience in the insurance sector (Legal/Litigation department) at least 2 years of overall service.
Ø Motor Third Party Claims handling for ten + years
Ø Preferrably having knowledge of MS Office and know how in Microsoft Excel
Responsibilities
Ø Take full responsibility of managing motor third party claims for the South Zone and over see, the team management in registration, allocation of cases to the external vendors,investigation report review, processing of court awards, follow up for the closure of the claims with due process of law.
Ø Standardize workflows for court award processing and vendor payments to meet stringent turnaround times (TATs) and avoid penal interest/escalations.
Ø Drive proactive settlement strategies, specifically focusing on high-value targets via Lok Adalats and pre-litigation negotiations.Need to process the court payments within given Timelines
Ø To check the quality in investigation reports from the vendors and to provide the feedback in case of any requirement
Ø Oversee systematic review and modification of litigation reserves to ensure accurate provisioning and mitigate financial impact.
Ø Directly oversee complex and high-exposure litigation cases, ensuring effective representation before MACTs and Higher Courts.Must work efficiently on set goals and work to avoid any escalations and maintain the relevancy and quality while handling the claims before courts
Achievement of monthly/quarterly settlement targets and reduction of long-pending litigation cases.