
Compliance Manager
7 days ago
Title: Manager - Regulatory Reporting & Compliance (IRDAI)
Department: Compliance
Education: Graduate
Experience: 5 years
Work Location: Goregaon (East)
The Regulatory Reporting & Compliance Manager is responsible for ensuring the company's full compliance with all regulations, guidelines, and directives issued by the Insurance Regulatory and Development Authority of India (IRDAI). This role involves the preparation, review, and timely submission of various statutory returns and reports to IRDAI. The manager will serve as a key point of contact for regulatory queries and monitor changes in regulations.
Key Responsibilities IRDAI Reporting:- Prepare and file all mandated IRDAI returns, including financial, solvency, policyholder, and operational reports, within the specified deadlines.
- Ensure the accuracy and completeness of all data submitted in the returns, reconciling with internal financial and operational records.
- Liaise with various departments (e.g., Finance, Actuarial, Operations, IT) to gather necessary data and information for reporting.
- Stay updated on all new and amended IRDAI regulations, circulars, and guidelines.
- Analyze the impact of regulatory changes on the company's business operations and reporting requirements.
- Respond to queries and data requests from auditors and regulators in a timely and accurate manner.
- Prepare and present reports on the company's compliance status.
Education: A Bachelor's or Master's degree in Finance, Law, Commerce, or a related field.
Experience: Proven experience in a regulatory compliance or reporting role within the Indian insurance or financial services sector.
- In-depth knowledge of the IRDAI Act, 1999, and various IRDAI regulations (e.g., Solvency, Expenses of Management, etc.).
- Proficiency in using regulatory reporting software and tools.
- Excellent attention to detail and a high degree of accuracy.
- Strong analytical and problem-solving abilities.
- Exceptional communication and interpersonal skills to collaborate with multiple stakeholders.
- Ability to work independently and manage multiple deadlines effectively.
Locations: KLI - Mumbai - Intellion Square - HO, Mumbai, Maharashtra, India
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