Principal Officer - Insurance Web Aggregator
- Insure Mavens
- 5 - 10 years
- Hyderabad
- 1 month ago
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Job Description
Role Overview:
The Principal Officer will be the key executive responsible for the regulatory compliance, strategic oversight, and operational execution of our insurance aggregation business. This position requires a thorough understanding of IRDAI Web Aggregator Guidelines and leadership capabilities to oversee cross-functional teams including Compliance, Operations, Sales, and Technology.
Key Responsibilities:
- Act as the principal executive responsible for overall compliance with IRDAI regulations under the Web Aggregator guidelines.
- Serve as the main point of contact for all regulatory bodies including IRDAI.
- Lead and supervise operational departments sales, support, and technology ensuring performance and accountability.
- Approve and review published insurance content and compare quotes across platforms.
- Maintain records, submit regulatory returns, and oversee statutory filings and audits.
- Ensure grievance redressal mechanism is in place and efficient as per IRDAI norms.
- Liaise with insurance partners for onboarding, API integration, and business terms finalization.
- Participate in business planning and long-term strategy alignment with the Board of Directors.
Required Qualifications:
- Bachelors degree (mandatory); MBA or equivalent preferred.
- IRDAI-mandated certification for Principal Officer (or willingness to acquire before appointment).
- Minimum of 5 years of relevant experience in insurance operations, broking, or aggregation.
- Strong understanding of IRDAI regulations for web aggregators.
- Excellent communication, leadership, and stakeholder management skills.
- High attention to detail and integrity in compliance matters.
Preferred Attributes:
- Prior experience as Principal Officer or in compliance/regulatory roles in an insurance company or aggregator.
- Tech-savvy and experience working with insurance API integrations or aggregator platforms.
- Ability to build and lead teams.
Reporting To:
Board of Directors / Founding Members
Compensation:
We offer a competitive salary package in the range of 7.5 - 9 LPA, commensurate with experience, industry certifications, and regulatory qualifications.
Additional benefits may include:
- Performance-based incentives
- Statutory benefits (PF, ESI, Gratuity)
- Annual bonuses based on company milestones
- Opportunity for future ESOPs as part of leadership equity
Job Classification
Industry: InsuranceFunctional Area / Department: Strategic & Top Management,
Role Category: Strategic & Top Management - Other
Role: Strategic & Top Management - Other
Employement Type: Full time
Contact Details:
Company: Insure MavensLocation(s): Hyderabad
Keyskills: Insurance Product Management Insurance Sales IRDAI Regulations Insurance Web Aggregator Team Handling Insurance Compliance IRDA Life Insurance Insurance Broking Insurance Operations Insurance Advisory General Insurance Insurance Irda Compliance Health Insurance
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Insure Mavens
Insure Mavens Insurance Web Aggregator Private Limited is a newly incorporated and IRDAI-compliant insurance web aggregator headquartered in Hyderabad, India. We are committed to revolutionizing the insurance buying experience through seamless digital aggregation, unbiased comparison, and transpar...
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