Details of the Organization

Livlong Insurance Brokers Limited (“LIBL”) is an independent full-service insurance broking house in India promoted by first-generation entrepreneurs. It is part of IIFL Group and is a wholly owned subsidiary of IIFL Securities Limited.

Details of the Job/Internship

Livlong Insurance is hiring a Legal Compliance Manager for its Thane, Maharashtra office. The role requires 3 years of experience in the insurance sector.

Role and 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.

Eligibility

• 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.

Salary/Stipend

Salary details will be finalised during the interview process with the selected candidate.

Type of Opportunity

Fulltime

Country

India

State

Maharashtra

City

Thane

Address

Thane, Maharashtra, India