LEGAL EXECUTIVE - INSURANCE
POSITION OVERVIEW
The Legal Executive - Insurance owns day-to-day administration of the organization's commercial insurance program - policy interpretation, claims coordination, and compliance - across a diversified US real estate portfolio. The role sits at the intersection of legal, risk management, and operations.
The incumbent will act as a key liaison between internal stakeholders, brokers of record, carriers, third-party administrators (TPAs), and lender insurance consultants, ensuring that the organization’s insurance arrangements are aligned with lender covenants and regulatory obligations. The role demands a working command of property and casualty (P&C) coverage structures, claims management practices, and standard market conventions for risk transfer in commercial real estate.
KEY RESPONSIBILITIES
Insurance Policy & Coverage Administration
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Support the administration of the organization’s commercial insurance program, including Property, Commercial General Liability (CGL), Excess/Umbrella, Workers’ Compensation, Automobile Liability, Professional Liability (E&O), Crime/Fidelity, Cyber, Pollution Legal Liability, and Flood (NFIP and private market).
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Interpret policy forms, endorsements, exclusions, sublimits, deductibles, and self-insured retentions; identify coverage gaps, overlaps, or non-conforming terms.
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Coordinate with brokers and underwriters on renewals, endorsements, mid-term changes, and program restructuring.
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Maintain Statements of Values (SOVs), property schedules, occupancy data, construction updates, and valuation records; ensure timely policy updates upon acquisitions, dispositions, or material occupancy changes.
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Coordinate with operations teams to ensure insurance data accuracy across the portfolio.
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Maintain the organization’s insurance program calendar, including renewal milestones, premium installments, audit cycles, and reporting deadlines.
ACORD Forms & Compliance Administration
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Review and validate ACORD industry-standard forms for accuracy, completeness, and regulatory compliance.
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Issue, track, and maintain comprehensive records of Certificates of Insurance (COIs) and insurance policy documentation.
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Establish and maintain organized, audit-ready insurance records with robust version control and retrieval protocols.
Claims Management & Incident Management
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Coordinate first notice of loss reporting to carriers, brokers, and TPAs across property, liability, workers’ compensation, and auto lines.
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Track open claims, reserves, subrogation opportunities, and loss runs; maintain a centralized claims register.
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Support claims investigations through documentation gathering, witness coordination, and liaison with adjusters, defense counsel, and TPAs.
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Monitor litigation exposure and claims trends; provide periodic claims summaries and loss analytics to senior stakeholders.
Stakeholder Coordination & Risk Advisory
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Serve as a primary point of contact for brokers, carriers, TPAs, lender insurance consultants, and internal operations, legal, and finance teams.
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Support lender insurance reviews and respond to insurance consultant queries from lenders, agencies, and investors; confirm compliance with loan covenants, regulatory agreements, and investor side-letter insurance requirements.
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Monitor and ensure organizational compliance with applicable regulatory insurance requirements, contractual insurance provisions, and industry best practices.
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Support audits, due diligence requests, and regulatory inquiries with timely and accurate insurance documentation.
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Provide insurance guidance and risk advisory support to operational and business teams on coverage triggers, claims reporting protocols, and program features.
Insurance Due Diligence for Acquisitions & Dispositions
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Support insurance due diligence for acquisitions, dispositions, refinance transactions, and portfolio transfers.
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Coordinate policy onboarding, property scheduling, and lender insurance compliance for newly acquired assets.
Required Qualifications
Education & Credentials
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Bachelor’s Degree in Law (LL.B.): From an accredited institution - mandatory.
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Master’s Degree in Law (LL.M.): With specialization in Insurance Law, Risk Management, or Commercial Law - preferred.
Professional Experience
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Minimum 3–5 years of post-qualification legal experience, with substantive exposure to insurance law, P&C insurance program administration, claims coordination, or insurance-related litigation.
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Prior experience in an in-house legal or risk function, insurance company legal department, broker legal team, or law firm insurance practice is strongly preferred.
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Hands-on experience with commercial P&C lines, preferably within real estate, property management, hospitality, construction, or similarly asset-intensive industry.
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Demonstrated experience working with US brokers, carriers, and TPAs; familiarity with US insurance market conventions and standard endorsements.
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Exposure to lender insurance compliance and investor reporting preferred.
Working Conditions & Environment
This is a Pune-based role with regular cross-functional engagement with US business, legal, and risk management teams. The position requires flexibility to align with US business hours during time-sensitive matters, including claims, renewals, and lender compliance deadlines. Candidates must be able to manage periodic high-intensity cycles around policy renewals, audits, and portfolio transactions.
Key Competencies
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Exceptional communication and stakeholder management skills, with a demonstrated ability to collaborate effectively across geographies and functions.
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Strong analytical capability to interpret complex insurance policy language, regulatory requirements, and lender covenant obligations with precision.
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Advanced proficiency in Microsoft Office Suite (Excel, Word) and enterprise insurance or risk management platforms.
What You’ll Gain
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Exposure to a sophisticated, multi-line commercial insurance program across a national real estate portfolio.
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Direct interface with leading US brokers, carriers, and TPAs.
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Opportunity to build deep expertise in P&C insurance, claims management, and lender insurance compliance.
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A career path that bridges legal, risk, and insurance disciplines within a high-growth platform.