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Sr. Team Member - Insurance Compliance Auditor

Sr. Team Member - Insurance Compliance Auditor

Star Union Dai-ichi Life Insurance Company Limited

3 - 5 years

0 Lacs

navi mumbai maharashtra india

Posted:2 weeks ago| Platform:

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Skills Required

compliance audits regulations effectiveness controls underwriting marketing strategies analyze data audit reports management development maintenance

Work Mode

On-site

Job Type

Full Time

Job Description

Responsibilities:

Plan, execute, and document compliance audits.
Evaluate the effectiveness of internal controls designed to ensure compliance with insurance laws, regulations, and company policies.
Review various aspects of insurance operations, including underwriting, claims handling, policy servicing, distribution compliances, marketing, and agent licensing.
Identify and assess compliance risks and recommend strategies to mitigate those risks.
Gather, analyze, and interpret data to identify trends, potential non-compliance issues, and areas for improvement.
Prepare clear, concise, and objective audit reports summarizing findings, conclusions, and recommendations.
Communicate audit findings and recommendations to management and follow up on the implementation of corrective actions.
Stay up-to-date on changes in insurance laws, regulations, and industry best practices.
Collaborate with other departments to promote a culture of compliance.
Assist in the development and maintenance of compliance policies and procedures.
Perform other related duties as assigned.

Experience:

3 to 5 years

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