Insurance Compliance Specialist
5 days ago
Job Title: Insurance Supervision Leader
">The role of an Insurance Supervision Leader is crucial for ensuring compliance with regulatory requirements in the insurance industry. This individual will be responsible for overseeing and monitoring the activities of corporate agents, ensuring that all specified persons are trained, skilled, and knowledgeable in insurance products.
The responsibilities of this role include supervising the Corporate Agent's activities, filing applications for removal or addition of specified persons and Authorized Verifiers, ensuring strict compliance with the Code of Conduct and Corporate Agency regulations, submitting material disclosures and regulatory returns in a timely manner, and acting as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
Qualifications & Requirements:
- Education: Bachelor's degree in any stream or (MBA or professional qualifications preferred – III, Actuaries, CII London, IIRM, ICAI, ICSI, CFA/CAIIB).
- Training & Certification:
50 hours of training + passing the prescribed IRDAI exam (if not holding a professional qualification). 25 hours of training + exam for recognized professionals. Certification valid for 3 years.
Key Skills:
- Strong knowledge of IRDAI regulations and insurance compliance framework.
- Leadership and supervisory skills.
- Excellent communication and reporting abilities.
- Customer grievance handling and resolution.
- Ability to coordinate effectively with regulatory authorities.
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