Insurance Compliance Director

1 day ago

Surat, Gujarat, India beBeeInsurance Full time ₹ 9,00,000 - ₹ 12,00,000

Executive Director Opportunity

The position of Executive Director is a vital role in ensuring the success and compliance of our organization. As an Executive Director, you will be responsible for overseeing and managing all activities within our Corporate Agent/Insurance Broker department. This includes supervising employees, monitoring activities, and ensuring that all regulatory requirements are met.

Key Responsibilities:

  1. Supervise and manage employee performance to ensure high-quality work output and compliance with regulations.
  2. Monitor and report on all activities within the department to identify areas for improvement.
  3. Develop and implement strategies to improve efficiency and reduce costs.
  4. Ensure that all employees are trained and knowledgeable in insurance products and services.
  5. File applications for removal or addition of employees and Authorized Verifiers.
  6. Submit material disclosures, regulatory returns, and other information to the Authority in a timely manner.
  7. Submit annual compliance certification to the Authority, confirming adherence to all regulatory provisions.
  8. Act as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
  9. Verify compliance of employees and ensure that all solicitation activities are carried out by authorized personnel.
  10. Address customer grievances promptly and resolve them within 14 days.

Requirements & Qualifications:

  • Bachelor's degree in any stream or MBA preferred.
  • Strong knowledge of IRDAI regulations and insurance compliance framework.
  • Leadership and supervisory skills.
  • Excellent communication and reporting abilities.
  • Certification valid for 3 years.

Skills & Abilities:

  • Ability to analyze data and make informed decisions.
  • Strong organizational and time management skills.
  • Effective communication and interpersonal skills.
  • Ability to lead and motivate teams.

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