Compliance Manager

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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, monitor changes in regulations

Key Responsibilities

IRDAI Reportin

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

Regulatory Compliance & Advisory

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

Audits and Inspections

Respond to queries and data requests from auditors and regulators in a timely and accurate manner

Internal Communication & Training

Prepare and present reports to on the company's compliance status

Qualifications and Skills

Experien

Technical Skills

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 to

Soft Skills

• 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.