Legal Compliance Manager

2 weeks ago

Thane, India Livlong Insurance Full time

Position Overview:

We are seeking a skilled and experienced Insurance & Healthcare Compliance Specialist to join our team. This role requires a deep understanding of insurance and healthcare compliance, including the ability to navigate regulatory frameworks and ensure adherence to relevant laws and regulations. The ideal candidate will possess a strong background in insurance compliance, with at least 3 years of experience working in Insurance Companies or Insurance Broking Companies. The role demands a proactive approach to staying informed on legal and regulatory changes and a strong ability to draft and review legal documents.


Key Responsibilities:

  • Regulatory Knowledge: Possess in-depth knowledge of the Insurance Act, IRDAI Regulations, Insurance Broker Regulations, and other rules or regulations as issued by the IRDAI and Health Regulators.
  • Compliance Management: Oversee and manage compliance with insurance and healthcare-related laws and regulations, ensuring that the company remains fully compliant with all regulatory requirements.
  • Legal Assistance: Assist in drafting, reviewing, and providing legal input on various matters, including contracts, insurance policies, communications, and correspondence related to compliance matters.
  • Regulatory Filings: Prepare and file various regulatory forms, returns, and reports with IRDAI and/or Health Regulators, ensuring accuracy and timely submission.
  • Stay Updated: Continuously monitor and stay up-to-date on changes in insurance, healthcare, and regulatory laws to advise on necessary adjustments or updates to policies and procedures.
  • Audit Support: Collaborate with internal and external teams during audits to ensure that all compliance requirements are being met, addressing any issues or discrepancies as necessary.
  • Training & Guidance: Provide guidance to internal stakeholders on compliance-related matters, educating and ensuring that company practices align with legal and regulatory standards.


Qualifications and Experience:

  • Minimum 3 years of experience working in insurance companies or insurance broking firms, specifically handling insurance compliance.
  • Comprehensive understanding of the Insurance Act, IRDAI Regulations, and healthcare compliance frameworks.
  • Strong legal research, drafting, and review skills, with the ability to interpret and apply complex regulatory materials.
  • Experience in preparing and submitting regulatory filings, returns, and forms with the IRDAI or health regulators.
  • Excellent communication skills and the ability to interact effectively with internal teams, regulators, and external stakeholders.
  • A proactive and detail-oriented approach to work, with the ability to manage multiple priorities and deadlines.

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