IRDA – Principal Officer

Job ID Department Compliance, Kotak Mahindra Prime Limited Location Mumbai
Number of Positions 1 Reporting Relationships DVP-Compliance Position Grade
Senior Manager/Chief Manager (M4/M5)

Job Role:

The role involves following key activities:

1. The Principal Officer shall be responsible for overseeing and managing the
insurance distribution activities of the Corporate Agent in compliance with
the regulation laid down by the Insurance Regulatory and Development
Authority of India (IRDA).
2. The role involves monitoring of compliance, Training, reporting and
ensuring ethical sales practices within organization.
3. The PO should ensure adherence to IRDA regulations applicable to corporate
agents.
4. He/ She should maintain valid licensing and registration of the Corporate
Agency.
5. Ensure Compliance with applicable circulars, guidelines and code of
conduct.
6. Act as the primary point of contact for IRDAI communications and




inspections.
7. Ensure all Specified persons are properly trained and certified as per IRDA
norms.
8. Maintain updated training and certification records.
9. Submit Periodic reports, returns and disclosure to IRDA as required.
10. Liaise with partner insurance companies.

Job Requirements:

* Masters / Bachelor’s degree from a recognized university.
* Completion of prescribed training and certification as mandated by IRDAI for
Principal Officer.
* Prior experience in financial services in Audit/Compliance/Operations role
* Must meet fit and proper criteria as defined by IRDAI.
* Excellent leadership and supervisory skills.
* Solid communication and documentation abilities.
* Ability to interact with regulatory authorities.
* Proficiency in MS Office.

📌 Team Member-SUPPORT SERVICES-Compliance (Mumbai)
🏢 Kotak
📍 Mumbai