Senior Executive
The primary responsibilities of this role include –
- Prepare and submit regulatory filings to NAIC and state insurance departments accurately and on time.
- Monitor regulatory updates and ensure filings are in line with current guidelines.
- Coordinate with internal departments like AP, Legal, STAT/GAAP or Tax to gather necessary information and documentation for filings.
- Share assessment invoice with Account payable team & make a track until finally filing being submitted
- Maintain comprehensive records of all filings and correspondence with regulatory agencies.
- Respond to inquiries and requests from regulators regarding filed documents.
- Assist in the development and implementation of compliance procedures and policies.
- Conduct periodic reviews to assess compliance with regulatory requirements.
- Stay informed about changes in regulatory requirements and communicate updates to relevant stakeholders.
- Interact with onshore team on a day-to day basis responding to their requirements at a short notice by re-aligning priorities as needed
- Should be able to understand & anticipate clients business needs, concerns & issues, and be able to proactively resolve the same
- Coach team members - identify development areas and mentor the individuals and the team to improve their performance and enhance their skills/potential
- Keep oneself abreast of all the updates applicable to policies/regulations / compliance applicable to the function/organization and client
- Assist in creating systems and checks for internal compliance policies and guidelines and ensure maintenance of clear and precise records per the requirements
- Assist in compliance adherence on a regular basis
The primary responsibilities of this role include –
- Prepare and submit regulatory filings to NAIC and state insurance departments accurately and on time.
- Monitor regulatory updates and ensure filings are in line with current guidelines.
- Coordinate with internal departments like AP, Legal, STAT/GAAP or Tax to gather necessary information and documentation for filings.
- Share assessment invoice with Account payable team & make a track until finally filing being submitted
- Maintain comprehensive records of all filings and correspondence with regulatory agencies.
- Respond to inquiries and requests from regulators regarding filed documents.
- Assist in the development and implementation of compliance procedures and policies.
- Conduct periodic reviews to assess compliance with regulatory requirements.
- Stay informed about changes in regulatory requirements and communicate updates to relevant stakeholders.
- Interact with onshore team on a day-to day basis responding to their requirements at a short notice by re-aligning priorities as needed
- Should be able to understand & anticipate clients business needs, concerns & issues, and be able to proactively resolve the same
- Coach team members - identify development areas and mentor the individuals and the team to improve their performance and enhance their skills/potential
- Keep oneself abreast of all the updates applicable to policies/regulations / compliance applicable to the function/organization and client
- Assist in creating systems and checks for internal compliance policies and guidelines and ensure maintenance of clear and precise records per the requirements
- Assist in compliance adherence on a regular basis
- Bachelor’s degree or master’s in finance & accounting or a related field
- Qualified/Semi-qualified accountant with 3+ years of experience in Compliance or regulatory Filing within Insurance industry
- In-depth knowledge of NAIC and state insurance regulations and filing requirements.
- Knowledge and expertise in the insurance industry preferably from Life Insurance background
- Good understanding of GAAP & STAT rules governing the business
- Hands on experience of working on various ERP’s such as SAP, SAP S/4HANA, Wing Sovos etc.
- International exposure to F&A outsourcing environment
- Experience in the Insurance and Financial services sector
- Comprehension skills – should be able to read, interpret business documents
- Good communication & comprehensions skills
- Ability to liaison with multiple stakeholders/departments
- Provide management with accurate and timely financial reports
- Ability to multi task and handle adverse situations in a professional manner
- Any certification in insurance/reinsurance life/LOMA, etc. preferred
Valid Passport is mandatory