Senior Insurance Compliance Specialist
17 hours ago
The Principal Officer (PO) oversees and ensures compliance with IRDAI guidelines. This role demands strong regulatory knowledge, operational oversight, and effective grievance redressal.
Key Responsibilities- Supervise Corporate Agent activities, ensuring all personnel are trained, skilled, and knowledgeable about insurance products.
- File applications for removal or addition of specified persons and Authorized Verifiers.
- Ensure strict compliance with Code of Conduct and Corporate Agency regulations.
- Submit material disclosures, regulatory returns, and other information to the Authority in a timely manner.
- Verify compliance of specified persons and ensure solicitation is carried out only by authorized individuals.
- Address customer grievances appropriately and resolve within 14 days.
- Education: Bachelor's degree in any stream or professional qualifications preferred.
- 50 hours of training + passing the prescribed IRDAI exam.
- Certification valid for 3 years.
- Fulfill additional regulatory requirements such as minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.
- Strong knowledge of IRDAI regulations and insurance compliance framework.
- Leadership and supervisory skills.
- Excellent communication and reporting abilities.
- Ability to coordinate effectively with regulatory authorities.
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