Senior Insurance Compliance Manager

20 hours ago

Chennai, Tamil Nadu, India beBeeCompliance Full time ₹ 15,00,000 - ₹ 20,00,000

Job Title: Senior Insurance Compliance Manager

The role of Senior Insurance Compliance Manager involves overseeing and ensuring adherence to all regulatory provisions in the Corporate Agent/Insurance Broker's activities. The position demands strong knowledge of IRDAI regulations, operational oversight, and effective grievance redressal.

Key Responsibilities:

  • Supervise and monitor the activities of the Corporate Agent; ensure that all specified persons are trained, skilled, and knowledgeable in insurance products.
  • File applications for removal or addition of specified persons and Authorized Verifiers.
  • Ensure strict compliance with the Code of Conduct and Corporate Agency regulations in both letter and spirit.
  • Submit timely material disclosures, regulatory returns, and other information to the Authority.
  • Provide annual compliance certification to the Authority, confirming adherence to all regulatory provisions.
  • Oversee insurance solicitation activities and ensure all compliance requirements from specified persons (SPs) are met.
  • Act as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
  • Verify compliance of SPs and ensure solicitation is carried out only by authorized persons.
  • Address customer grievances appropriately and resolve them within 14 days.

Requirements:

  • Education: Bachelor's degree in any stream

Essential Skills:

  • Strong knowledge of IRDAI regulations and insurance compliance framework.
  • Leadership and supervisory skills.
  • Excellent communication and reporting abilities.
  • Customer service and conflict resolution.
  • Ability to coordinate effectively with regulatory authorities.

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