ManipalCigna Health Insurance Company Ltd. | Investment Operations Manager | mumbai

4 weeks ago


mumbai, India ManipalCigna Health Insurance Company Ltd. Full time

The role is responsible for overseeing the end-to-end investment operations to ensure full compliance with IRDA regulations, timely and accurate transaction processing, and effective risk management. This includes coordinating with the Investment Front Office and ensuring investments align with regulatory limits. The position requires establishing and maintaining robust system controls to prevent active breaches, manage passive breaches, and ensure prompt escalation as needed. Additional responsibilities include the integration of investment, mid-office, and financial accounting systems, close collaboration with financial accounting teams for timely reporting, and compliance with internal, concurrent, and statutory audits. The role also involves continuous monitoring and review of investment policies in line with regulatory changes, risk assessment, and process improvement to enhance efficiency and compliance across investment operations.


Responsibilities

  • Transaction Management: Coordinate investment transaction processing and activities with the Investment Front Office in Credence, ensuring timely execution and accuracy.
  • Regulatory Compliance: Monitor investments to ensure compliance with IRDA regulations, implement system controls to prevent breaches, and escalate issues to CIO and CFO as required.
  • Policy and Risk Management: Review and update the Investment Policy in line with regulatory changes, identify risks, and implement effective control measures.
  • Fund Accounting and Reconciliation: Maintain accurate fund accounting, perform daily reconciliations, and ensure proper integration of investment systems with financial accounting systems.
  • Audit and Reporting: Facilitate system, concurrent, and statutory audits; ensure timely submission of IRDA returns, internal/external reports, and ad-hoc requirements.
  • Custodian Coordination: Work with custodians to maintain securities, manage corporate actions, and handle settlement of investment deals and creation of entity/security masters.
  • System Enhancements: Drive system changes, conduct UAT for investment systems and ensure SOPs are regularly updated to reflect compliant and controlled processes.
  • End-to-End Operations: Oversee processes such as interest accrual, amortization, valuation, and reconciliation, and prepare investment portfolio reports as needed.


Qualifications and Experience

  • Bachelor's degree in Finance, Commerce, Accounting, or a related field
  • Postgraduate degree or professional certifications such as CA, CFA, CMA, MBA (Finance) preferred
  • 4+ years of experience in Investment operations or fund management, preferably in the insurance or financial services sector
  • Strong understanding of IRDA investment regulations and compliance frameworks.
  • Hands-on experience with investment accounting systems (e.g. Credence) and financial reporting
  • Experience in managing audits



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