Position Overview: We are seeking a skilled and experienced Insurance & Healthcare Compliance Specialist to join our team. This role requires a deep understanding of insurance and healthcare compliance, including the ability to navigate regulatory frameworks and ensure adherence to relevant laws and regulations. The ideal candidate will possess a strong background in insurance compliance, with at least 3 years of experience working in Insurance Companies or Insurance Broking Companies. The role demands a proactive approach to staying informed on legal and regulatory changes and a strong ability to draft and review legal documents. Key Responsibilities: Regulatory Knowledge: Possess in-depth knowledge of the Insurance Act, IRDAI Regulations, Insurance Broker Regulations, and other rules or regulations as issued by the IRDAI and Health Regulators. Compliance Management: Oversee and manage compliance with insurance and healthcare-related laws and regulations, ensuring that the company remains fully compliant with all regulatory requirements. Legal Assistance: Assist in drafting, reviewing, and providing legal input on various matters, including contracts, insurance policies, communications, and correspondence related to compliance matters. Regulatory Filings: Prepare and file various regulatory forms, returns, and reports with IRDAI and/or Health Regulators, ensuring accuracy and timely submission. Stay Updated: Continuously monitor and stay up-to-date on changes in insurance, healthcare, and regulatory laws to advise on necessary adjustments or updates to policies and procedures. Audit Support: Collaborate with internal and external teams during audits to ensure that all compliance requirements are being met, addressing any issues or discrepancies as necessary. Training & Guidance: Provide guidance to internal stakeholders on compliance-related matters, educating and ensuring that company practices align with legal and regulatory standards. Qualifications and Experience: Minimum 3 years of experience working in insurance companies or insurance broking firms, specifically handling insurance compliance. Comprehensive understanding of the Insurance Act, IRDAI Regulations, and healthcare compliance frameworks. Strong legal research, drafting, and review skills, with the ability to interpret and apply complex regulatory materials. Experience in preparing and submitting regulatory filings, returns, and forms with the IRDAI or health regulators. Excellent communication skills and the ability to interact effectively with internal teams, regulators, and external stakeholders. A proactive and detail-oriented approach to work, with the ability to manage multiple priorities and deadlines.
Job Title
Legal Compliance Manager