Compliance Manager

3 weeks ago


Goregaon, India Kotak Life Insurance Full time

Hello,

Greeting from Kotak Life Insurance

Location - Goregaon

Job Role - Regulatory Reporting & Compliance (IRDAI)

Candidate Location - Mumbai preferred

Contact person - Sangita Mandal

Interested candidate can mail their resume at "kli.sangita-"

Key Responsibilities:

  • IRDAI Reporting:

  • Prepare and file all mandated IRDAI returns, including financial, solvency, policyholder, and operational reports, within the specified deadlines.

  • Ensure the accuracy and completeness of all data submitted in the returns, reconciling with internal financial and operational records.
  • Liaise with various departments (e.g., Finance, Actuarial, Operations, IT) to gather necessary data and information for reporting.

  • Regulatory Compliance & Advisory:

  • Stay updated on all new and amended IRDAI regulations, circulars, and guidelines.

  • Analyze the impact of regulatory changes on the company's business operations and reporting requirements.

  • Audits and Inspections:

  • Respond to queries and data requests from auditors and regulators in a timely and accurate manner.

  • Internal Communication & Training:

  • Prepare and present reports to on the company's compliance status.

Qualifications and Skills:

  • Education: A Bachelor's or Master's degree in Finance, Law, Commerce, or a related field.
  • Experience: Proven experience in a regulatory compliance or reporting role within the Indian insurance or financial services sector.

  • Technical Skills:

  • In-depth knowledge of the IRDAI Act, 1999, and various IRDAI regulations (e.g., Solvency, Expenses of Management, etc.).

  • Proficiency in using regulatory reporting software and tools.

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