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Insurance Regulatory and Development Authority of India (IRDAI) Recruitment 2016 – 22 Vacancy – Assistant Director & More Vacancies – 53,950 Salary – Graduate, Post Graduate

Insurance Regulatory and Development Authority of India (IRDAI) has issued a recruitment notification for the recruitment of Assistant Director & More Vacancies through recruitment notification. Candidates who have completed Graduate, Post Graduate can apply for the new recruitment notification from  Insurance Regulatory and Development Authority of India (IRDAI).

Eligible candidates can apply offline for the Assistant Director & More Vacancies Job on or before    11/03/2016. Find more information about the vacancy like Age limit, Selection Process, Qualification, Application fee, How to apply etc can be found below.

Company Name : Insurance Regulatory and Development Authority of India (IRDAI)
Vacancy Name : Assistant Director & More Vacancies
Educational Qualification : Any Graduate, Any Post Graduate
Total No of Vacancy : 22 Post
Salary : Rs.21,000-53,950 /- p.m
Job Location : Hyderabad
Last Date to Apply for this job :    11/03/2016
Address for the Job Vacancy : INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA 3rdfloor, Parishram Bhavan, Basheer Bagh, Hyderabad 500 004

Detail of  Post :

The Authority proposes to fill up the following vacancies as Officers on Special Duty (OSD) through deputation of Officers from PSU Insurers,Financial Regulators and Government including Government Organizations/Statutory bodies/Autonomous bodies as detailed below.

Sl. No
Nameof equivalent post
Stream
Number of posts
Pay scale & Grade pay
1
Deputy Director
 
Technical
3
6
Rs.39850–1200(2)–42250–1300(9)–53950 Grade pay:Rs.6750
F&A
1
Legal
2
2
Sr. Assistant Director
Technical
6
8
Rs. 28350-1000(5)-33350-1150(4)-37950-EB-1150(3)-41400
Grade Pay: Rs. 4500
F&A
1
IT
1
3
Assistant Director
Technical
6
8
Rs.21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400
Grade Pay: Rs. 2250
F&A
1
General

Eligibility conditions for Deputy Director – Technical:  1. Officers holding posts on regular basis in the parent cadre/Department working in Actuarial area/ Life Insurance/ Non-Life Insurance/Reinsurance/Agricultural, credit or other types of Insurance with minimum experience as mentioned below with strong domain knowledge of Insurance may apply. Officers holding posts on regular basis in the parent cadre/Department working in Research/Statistics and Publication area with computer skills and experience may apply for R&D posts. Preference would be given to officers with experience in statistical analysis of trends and publication of research reports. 2. Minimum academic qualifications: 2.1. Life Insurance: Graduate and Fellow of Insurance Institute of India 2.2. Non-Life Insurance: Graduate and Fellow of Insurance Institute of India 2.3. Actuarial.: Graduate and Fellow of Institute of Actuaries of India 2.4. R&D: Post Graduation in Statistics [M.Stat, M.Sc (Stat) or equivalent] 3. Level of Officers eligible (Current post and scale of pay): a. Financial Regulators: Officers in Grade D of RBI/SEBI or in the pay scale equivalent to 39850-1200(2)-42250-1300(3)-46150 with associated Grade pay. b. PSU Insurers: i. Scale V officers with 3 years’ service in the scale ii. Scale IV officers with 5 years’ service in the scale c. Central Government: i. Officers in the pay band Rs.37400 – Rs.67000 with five years’ service in the above scale of pay.

Eligibility conditions for Deputy Director – F & A:  1. Officers holding posts on regular basis in the parent cadre/Department working in Audit/Inspection area with Financial analysis skills with experience as mentioned below and strong domain knowledge of Insurance may apply. Preference would be given to officers with Audit/Inspection experience in Insurance related field. 2. Minimum academic qualifications: Graduate and ACA or AICWA or ACS. 3. Level of Officers eligible(Current post and scale of pay): a. Financial Regulators: Officers in Grade D of RBI/SEBI or in the pay scale equivalent to 39850-1200(2)-42250-1300(3)-46150 with associated Grade pay.  b. PSU Insurers: i. Scale V officers with 3 years’ service in the scale ii. Scale IV officers with 5 years’ service in the scale c. Central Government: i. Officers in the pay band Rs.37400 – Rs.67000 with five years’ service in the above scale of pay.

Eligibility conditions for Deputy Director – Legal:  1. Officers holding posts on regular basis in the parent cadre/Department working in Compliance/Legal area withexperience as mentioned below and strong domain knowledge of Insurance may apply. Preference would be given to officers with compliance management experience in Insurance related field. 2. Minimum academic qualifications: Graduation and LLB from a recognized university. 3. Level of Officers eligible(Current post and scale of pay): a. Financial Regulators: Officers in Grade D of RBI/SEBI or in the pay scale equivalent to 39850-1200(2)-42250-1300(3)-46150 with associated Grade pay. b. PSU Insurers: i. Scale V officers with 3 years’ service in the scale ii. Scale IV officers with 5 years’ service in the scale c. Central Government: i. Officers in the pay band Rs.37400 – Rs.67000 with five years’ service in the above scale of pay.

Eligibility conditions for Sr. Assistant Director – Technical:  1. Officers holding posts on regular basis in the parent cadre/Department working in Life/Non-Life Insurance/Reinsurance/Agricultural or Credit or other types of Insurance/Actuarial area with computer skills and experience as mentioned below and strong domain knowledge may apply.Officers holding posts on regular basis in the parent cadre/Department working in Research/Statistics and Publication area with computer skills and experience may apply for R&D posts. Preference would be given to officers with experience in statistical analysis of trends and publication of research reports. 2. Minimum academic qualifications: 2.1 Life Insurance: Graduate and Fellow of Insurance Institute of India 2.2 Non-Life Insurance: Graduate and Fellow of Insurance Institute of India 2.3 Actuarial.: Graduate and Associate of Institute of Actuaries of India 2.4 R&D: Post Graduation in Statistics (M.Stat, M.Sc (Stat) or equivalent 3. Level of Officers eligible(Current post and scale of pay): a. Financial Regulators: Officers equivalent to Grade C of RBI/SEBI or in the pay scale equivalent to 28350-1000(5)-33350-1150(4)-37950-EB-1150(3)-41400 with associated Grade pay. b. PSU Insurers: i. Scale IV officers with minimum three years’ service in the scale ii. Scale III Officers with minimum five years of service in the scale c. Central Government: i. Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100.

Eligibility conditions for Sr. Assistant Director – F & A:  1. Officers holding posts on regular basis in the parent cadre/Department working in Audit/Inspection area with financial analysis skills with experience as mentioned below and strong domain knowledge of Insurance may apply. Preference would be given to officers with Audit/Inspection experience in Insurance related field. 2. Minimum academic qualifications: Graduate and ACA or AICWA or ACS. 3. Level of Officers eligible(Current post and scale of pay): a. Financial Regulators: Officers equivalent to Grade C of RBI/SEBI or in the pay scale equivalent to 28350-1000(5)-33350-1150(4)-37950-EB-1150(3)-41400 with associated Grade pay. b. PSU Insurers: i. Scale IV Officers with minimum three years of service in the scale ii. Scale III officers with minimum five years’ service in the scale c. Central Government: i. Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100.

Eligibility conditions for Sr. Assistant Director – Information Technology:  1. Officers holding posts on regular basis in the parent cadre/Department working in Information Technology area with software, hardware and/or networking skills and experience as mentioned below and strong domain knowledge of Insurance may apply. Preference would be given to officers with Project management experience in Insurance related field. 2. Minimum academic qualifications: B. Tech (IT) or Computer Technology or MCA or Masters in IT from a recognized university. 3. Level of Officers eligible(Current post and scale of pay): a. Financial Regulators: Officers equivalent to Grade C of RBI/SEBI or in the pay scale equivalent to 28350-1000(5)-33350-1150(4)-37950-EB-1150(3)-41400 with associated Grade pay. b. PSU Insurers: i. Scale IV Officers with minimum three years of service in the scale ii. Scale III officers with minimum five years’ service in the scale c. Central Government: i. Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100.

Eligibility conditions for Assistant Director – Technical:  1. Officers holding posts on regular basis in the parent cadre/Department working in Life/Non-Life Insurance/Reinsurance/Agricultural or Credit or other types of Insurance/Actuarial area with computer skills and experience as mentioned below and strong domain knowledge may apply.Officers holding posts on regular basis in the parent cadre/Department working in Research/Statistics and Publication area with computer skills and experience may apply for R&D posts. Preference would be given to officers with experience in statistical analysis of trends and publication of research reports. 2. Minimum academic qualifications: 2.1 Life Insurance: Graduate and Fellow of Insurance Institute of India or equivalent 2.2 Non-Life Insurance: Graduate and Fellow of Insurance Institute of India or equivalent 2.3 Actuarial.: Graduate and Associate of Institute of Actuaries of India 2.4 R&D: Post Graduation in Statistics [M.Stat, M.Sc (Stat)] or equivalent 3 Level of Officers eligible (Current post and scale of pay): a. Financial Regulators: Officers equivalent to Grade B of RBI/SEBI or in the pay scale equivalent to 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400 with associated Grade pay. b. PSU Insurers: i. Scale III Officers with minimum two years’ of service in the scale ii. Scale II officers with minimum four years’ service in the scale   c. Central Government: i. Officers with minimum five years of service in the pay band Rs.15600 – Rs.39100.

Eligibility conditions for Assistant Director – General:  a. Officers holding posts on regular basis in the parent cadre/Department working in various departments of both Life, Non life insurance companies, RBI, SEBI and Central Government b. Minimum academic qualifications: Post Graduation in any discipline or Graduate with 8 years of relevant experience in insurance sector. c. Level of Officers eligible (Current post and scale of pay): a. Financial Regulators: Officers equivalent to Grade B of RBI/SEBI or in the pay scale equivalent to 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400 with associated Grade pay. b. PSU Insurers: i. Scale III officers with minimum two years’ service in the scale ii. Scale II Officers with minimum four years’ of service in the scale   c. Central Government: i. Officers with minimum five years of service in the pay band Rs.15600 – Rs.39100.

Selection Procedure : 

Candidates can apply on or before       11/03/2016.

No detailed information about the selection procedure is mentioned in the recruitment notification.

How to apply ? :

Technical includes – Life, Non Life, Actuarial and R&D (Note: Depending on the requirements of the Authority, the no. of posts may vary and interchangeable among the skill streams as may be suitable within the cadre).  The willing and eligible Officers may submit their applications in the prescribed format through proper channel only, i.e., through their cadre controlling authority so as to reach the undersigned on or before 11/03/2016.  Sr. Joint Director (General) Insurance Regulatory and Development Authority of India 3rd floor, Parishram Bhavan, Hyderabad 500 004Telangana

Important dates to remember :

Last Date to Apply for this job    11/03/2016

Reference:

Insurance Regulatory and Development Authority of India (IRDAI) Recruitment 2016 –     ADVT. NO.-RECT/1/16 (WEBSITE VERSION).

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