Assistant Manager

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, Law or a related field • Qualified/Semi-qualified accountant with 3-6 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 regulatory filings • 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