Compliance Manager

Role: Regulatory Reporting & Compliance Manager

Job Title: Manager

Work Experience: 5 years +

Education: Graduate

Department: Regulatory Reporting & Compliance

Work location: Goregaon (East), Mumbai

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 Responsibilitie

s:IRDAI Reportin

• g:Prepare and file all mandated IRDAI returns, including financial, solvency, policyholder, and operational reports, within the specified deadline
• s.Ensure the accuracy and completeness of all data submitted in the returns, reconciling with internal financial and operational record
• s.Liaise with various departments (e.g., Finance, Actuarial, Operations, IT) to gather necessary data and information for reportin

g.Regulatory Compliance & Advisor

• y:Stay updated on all new and amended IRDAI regulations, circulars, and guideline
• s.Analyze the impact of regulatory changes on the company's business operations and reporting requirement

s.Audits and Inspection

• s:Respond to queries and data requests from auditors and regulators in a timely and accurate manne

r.Internal Communication & Trainin

• g:Prepare and present reports to on the company's compliance statu

s.
Qualifications and Skil

ls:Experien ce: Proven experience in a regulatory compliance or reporting role within the Indian insurance or financial services sect

or.
Technical Ski

• lls:In-depth knowledge of the IRDAI Act, 1999, and various IRDAI regulations (e.g., Solvency, Expenses of Management, et
• c.).Proficiency in using regulatory reporting software and to

ols.
Soft Sk

• ills:Excellent attention to detail and a high degree of accu
• racy.Strong analytical and problem-solving abili
• ties.Exceptional communication and interpersonal skills to collaborate with multiple stakehol
• ders.Ability to work independently and manage multiple deadlines effecti

vely.