Senior Manager

5 days ago


Delhi, India Magma HDI General Insurance Company Limited Full time

Responsible for Compliance Reviews /Audit, Implementation of Regulatory compliance related to Insurance Act, IRDAI and other governing bodies Regulations/circular/guideline in various functions/departments of the organization Responsible for implementation of IRDAI Inspection and penalty orders and prepare and update of Compliance checklistImparting regulatory training to stakeholders and circulating regulatory updatesRegulatory Review of various functions and department with reference to the regulation/circular/guideline applicable to that specific department /functionResponsible for over all Distribution Compliance (Agent, Corporate agent, Distance Marketing, etc.), Product related compliance, Advertisement complianceProviding Regulatory Suggestion on Process Manual of various departmentsMaintenance of repository for IRDAI, circulars Regulation guideline and Penalty ordersMonitor File and Use updates provided to IRDAI and coordinate with departments in case of any deviationsPrepare gist of the draft guidelines updated by IRDAI and intimate the concerned department and management. Ensuring reply to IRDAI (with our comments)Timely filing of IRDAI online module – Business Analytic ProcedureTimely submission of adhoc requirements from any authorityLiaising with IRDAI / GICAssisting Company Secretary in preparation, conducting and organizing the Board Meetings, Annual General Meeting, Extra ordinary General Meeting of the organizationResolving the actionable after the meetingsMonitor and update concerned team and management on AML / CFT issuesPreparation of Processes, policies for the teamQualification & Experience:Graduate-LLB (additional qualification of CS shall be given preference). Certifications / Fellow ship in Insurance would be an added advantageAtleast 4+ years’ experience in Insurance sector (including atleast 3 years in General Insurance)Skills : Analytical Skills, E-mail DraftingExcellent knowledge of MS-Office applicationsPlanning and Organizing skills



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