Manager - Legal & Compliance - Insurance Background Only

- Vetting of Product documents

- Updating Compliance requirement existing and emerging which help in reducing the financial losses and Penalties

- Effective monitoring of IRDA compliance and other statutory requirements

- Maintaining and updating the list of various products filed by the Company with IRDA and having control on product number.

- Drafting response and maintaining records of grievances of IRDA and updating complaints list. Assistance also provided in replying to complicated non - claims cases.

- Ensure strict compliance with the requirements related to Polices of the Company

- Preparation of SOP / Checklist for Insurance Compliance in particulars & and general compliance and implementation of the same.

- Preparations of compliance checklist for various departments on quarterly basis to ensure the compliance of the applicable laws by the Company

- Maintaining Branch Register and updating the same on opening of new branches and closing or shifting of any branches and intimating IRDA for the same.

- Identify the Compliance risk on various business functions

- Drafting responses IRDA

- Preparation of brief synopsis of all applicable Circulars on regular basis and circulate the same among the team

- Inspection of Corporate Agents and Due diligence of Corporate Agent at the time of issuing and renewal of Licence

- Share Insurance Updates with Team

- Presentation to team on Tariff

- Presentation to team on Policy wordings of the Company.

Education: Degree/PG Degree in Law or Other Equivalent Qualification

Person Specific Skills:

- Strategic Orientation

- Business Acumen

- Drive for Results

- Process Orientation

- Customer Focus

- Innovation

- Leadership