Senior Manager

7 days ago


mumbai, 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 checklist
Imparting regulatory training to stakeholders and circulating regulatory updates
Regulatory Review of various functions and department with reference to the regulation/circular/guideline applicable to that specific department /function
Responsible for over all Distribution Compliance (Agent, Corporate agent, Distance Marketing, etc.), Product related compliance, Advertisement compliance
Providing Regulatory Suggestion on Process Manual of various departments
Maintenance of repository for IRDAI, circulars Regulation guideline and Penalty orders
Monitor File and Use updates provided to IRDAI and coordinate with departments in case of any deviations
Prepare 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 Procedure
Timely submission of adhoc requirements from any authority
Liaising with IRDAI / GIC
Assisting Company Secretary in preparation, conducting and organizing the Board Meetings, Annual General Meeting, Extra ordinary General Meeting of the organization
Resolving the actionable after the meetings
Monitor and update concerned team and management on AML / CFT issues
Preparation of Processes, policies for the team
Qualification & Experience :
Graduate-LLB (additional qualification of CS shall be given preference). Certifications / Fellow ship in Insurance would be an added advantage
Atleast 4+ years’ experience in Insurance sector (including atleast 3 years in General Insurance)
Skills :
Analytical Skills,
E-mail Drafting
Excellent knowledge of MS-Office applications
Planning and Organizing skills

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