ASHISH RAUT
Thane
Summary
Strategic National Head known for high productivity and efficiency in task completion. Possess specialized skills in leadership, strategic planning, and stakeholder management. Excel in communication, problem-solving, and adaptability, ensuring successful project outcomes and team cohesion.
Overview
18
18
years of professional experience
5
5
years of post-secondary education
Work History
National Head, Legal Claims
Royal Sundaram GIC
Chennai
12.2024 - Current
- Leading a legal function, building strategy and designing internal controls for a Portfolio of 25000+ Litigation.
- Managing a team of 92 members including 4 Zonal Heads & a head of central & quality control team.
- Investigation of claims and asset verification.
- Monitoring pay & recovery portfolio.
- Running police project with 2 retired police officers, for withdrawal of fraud claims and creating deterrence.
- Use of technology for portfolio control.
- Monitoring key risk indicators for the department.
- Litigation strategy and contest-ability analysis.
- Arbitration proceedings and execution of awards.
- Fraud detection, certification, and police coordination.
- Tribunal award compliance and appeals management.
Deputy Vice President, Regional Manager
ICICI Lombard GIC
Mumbai
08.2019 - 12.2024
- Strategy building and designing internal controls for a Portfolio of approximately 19,000 Claims.
- Managing team 3 state heads, 6 cluster heads, 18 Managers, and 17 retainers.
- Managing IBNR project for Maharashtra, MP & UP states.
- Running police project with 18 retired police officers, for withdrawal of fraud claims and creating deterrence.
- Use of technology for portfolio control.
- Head central team for Motor TP function PAN India. (Bharti Axa)
- Monitoring key risk indicators for the department.
- Investigation of claims and asset verification for Pay and recovery portfolio.
Senior Manager Legal (South & North India)
HDFC Ergo GIC Ltd
Mumbai
09.2017 - 08.2019
- Imparting training to legal team.
- Looking after quality of contestability.
- Educating/Updating legal team by providing them with latest case laws/material relating to the subject.
- Monitoring & Auditing the case files and MIS prepared by the legal team.
- Monitoring & filing of appeal.
- Monitoring & filing of pay & recoveries cases.
Manager ILM
Bajaj Allianz GIC Ltd
Pune
09.2015 - 09.2017
- Appointment of police consultants.
- To conduct special investigation for fraud cases.
- Representations before Special Investigation Teams of Police (SIT).
- Imparting training to the legal & investigation team.
- Monitoring & filing of pay & recoveries cases.
Central Quality Manager
Reliance GIC Ltd
Mumbai
02.2014 - 09.2015
- Approving/Vetting the written statements, writs, appeals, cross objections.
- To take the decision on compliance/ court awards
- OFR/CFR & Audits.
- HVC management.
- Appeal management.
Investigations Manager, Central Team
ICICI Lombard General Insurance Co Ltd
Mumbai
11.2012 - 02.2014
- Taking Care of Pre-litigation projects (FNOL).
- Closed Files Reviews.(15% Of Total Investigations Reports Submitted).
- Crisis Management for the state by running special projects.
- Analysing the data & raising the investigation triggers & getting the same re-investigated thru Locations.
- Auditing the investigation Reports & related documents submitted by the Investigation Agencies.
- Raising the triggers for re-investigation based on the reports submitted.
- Preparing the drafts for moving applications under Right to Information Act, for retrieving the details from Government offices.
- Visiting cases on field for collecting the written/ video statements from the Claimants, Witnesses etc.
- Providing training and valuable inputs to Investigation Agencies.
Deputy Manager, Legal (Personal Asset Division)
Kotak Mahindra Bank Ltd
Mumbai
04.2012 - 11.2012
- Looking after entire Legal aspects for over 20 Locations PAN India.
- Filing of the complaints U/s 138 of Negotiable Instruments Act.
- Arbitration proceedings.
- Filing application u/s 9 & 17 of Arbitration & Conciliation Act for interim Measures.
- Execution of the Arbitral award & the other Awards.
- Conducting Lok-Adalat & Conciliation Proceedings month on month for making a pool in Recovery.
- Identification of NPA accounts, Retrieval of documents, Allocation of cases to empanelled law firms.
- Execution of Awards passed, assisting authorized officer in taking possession and conducting sale of property towards foreclosure of chronically delinquent accounts.
- Preparing, approving and correcting drafts of various legal proceedings documents of banking matters.
- Empanelment of the Lawyers for the Locations.
- Co-ordination with the Lawyers for facilitating collection / recovery process.
- Maintaining & Circulating the Legal MIS to National Heads, Regional heads & Branches for effective co-ordination.
- Managing customer complaints, RBI, Fraud issues and ensure implementation of policies, procedures.
- Provide legal advice on day today's issues, recommendations & reports on legal risks to business.
- Understand the various cost implications and suggest effective measures to minimize.
- Settling the Bills of the Lawyers & Legal Agencies.
Senior Officer, Legal & Compliance
Fullerton India Credit Co. Ltd.
Nagpur
11.2008 - 03.2012
- Looking after entire Legal aspects for over 33 Branches.
- Legal Vetting & clearance of the Title Search Reports for Equitable Mortgage & Registered Mortgage Business.
- Handling Escalations and other queries related to Equitable Mortgage & Registered Mortgage Business.
- Litigation management.
- Stakeholder management.
Insurance Service Officer
Fullerton India Credit Co. Ltd.
Nagpur
08.2007 - 10.2008
- Sales of Life Insurance Product through 15 Relationship Officers.
- Maintaining the desired level of cross sell attachment rate, over Loans with Life & General Insurance products.
- Maintaining right mix of insurance product to ensure maximum branch profitability / revenue.
- Regular training / education of Relationship Officers & other branch staff.
- To bring business from open market & maintaining the DSR for future references.
- Co-ordination with alternate channel partners for processing of acquired business.
- Preparation & circulation of daily Business MIS.
- Conducting business development activities.
Education
BA.LL.B. -
Govt. Law College
Nagpur 06.2003 - 07.2008
Skills
- Law
- BFSI
- Risk Assessment, Risk Management & Mitigation
- Resource Acquisition & training
- Process Excellence
- System Development
- Profit Centre Operations
- Designing productivity norms
- Strategic & Financial Planning
- Growth Initiatives
- People Management
Languages
- English
- Hindi
- Marathi
Timeline
National Head, Legal Claims
Royal Sundaram GIC
12.2024 - Current
Deputy Vice President, Regional Manager
ICICI Lombard GIC
08.2019 - 12.2024
Senior Manager Legal (South & North India)
HDFC Ergo GIC Ltd
09.2017 - 08.2019
Manager ILM
Bajaj Allianz GIC Ltd
09.2015 - 09.2017
Central Quality Manager
Reliance GIC Ltd
02.2014 - 09.2015
Investigations Manager, Central Team
ICICI Lombard General Insurance Co Ltd
11.2012 - 02.2014
Deputy Manager, Legal (Personal Asset Division)
Kotak Mahindra Bank Ltd
04.2012 - 11.2012
Senior Officer, Legal & Compliance
Fullerton India Credit Co. Ltd.
11.2008 - 03.2012
Insurance Service Officer
Fullerton India Credit Co. Ltd.
08.2007 - 10.2008
BA.LL.B. -
Govt. Law College
06.2003 - 07.2008