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Principal Officer

Gandhinagar Permanent View Job Description
The Principal Officer will serve as the key senior executive responsible for leading the branch, ensuring regulatory compliance, managing business operations, and driving profitable growth aligned with the company's global standards. The role requires a seasoned insurance/reinsurance professional with deep industry knowledge, regulatory experience, and strong leadership capabilities
  • Opportunity to lead and build a new business of a large global brand
  • Work with a globally respected reinsurance group with strong financial strength

About Our Client

Our client is a global reinsurance firm that has recently set up its establishment in GIFT City, India

Job Description

A. Regulatory & Compliance Oversight

  • Act as the Principal Officer as defined by IFSCA regulations for IIO entities
  • Ensure full compliance with all applicable laws
  • IFSCA Insurance Intermediaries & Reinsurance Entity Regulations
  • Serve as the primary point of contact for IFSCA and other regulatory bodies
  • Oversee regulatory filings, returns, audits, and inspections



B. Strategic Leadership & Business Development

  • Lead the setup, operations, and strategic direction of the organisation's GIFT City branch
  • Drive portfolio development in key lines of reinsurance business across India and international markets permitted in GIFT City
  • Develop and maintain strong relationships with cedents, brokers, and market partners
  • Support the organisation's regional underwriting strategy and business objectives



C. Underwriting & Risk Management

  • Oversee underwriting quality, pricing discipline, and adherence to the organisation's global underwriting framework
  • Identify and evaluate growth opportunities while maintaining prudent risk appetite
  • Ensure strong exposure management, risk controls, and technical underwriting governance



D. Operations & Financial Management

  • Lead day-to-day branch operations, ensuring operational excellence and adherence to internal standards
  • Oversee financial performance, revenue targets, and expense management
  • Ensure timely and accurate financial reporting in accordance with the organisation and regulatory requirements



E. Governance, Culture & People Leadership

  • Foster a culture of integrity, accountability, and client-centricity
  • Lead recruitment, training, and development of the local team as required
  • Implement policies on risk, compliance, conduct, and internal controls
  • Uphold organisation's global values and ethical standards

The Successful Applicant

  • Minimum 10-15 years of relevant experience in insurance or reinsurance, with proven leadership experience
  • Strong understanding of reinsurance business (acumen across both General and Life will be advantageous), underwriting practices, and portfolio management
  • Demonstrated experience interfacing with Indian regulatory authorities (IFSCA/IRDAI preferred)
  • Eligible under IFSCA regulations to be appointed as Principal Officer of an IIO
  • Strong analytical, managerial, and communication skills
  • Experience working in multinational organisations is preferred

What's on Offer

  • Opportunity to lead a strategic new operation in one of the most dynamic insurance markets
  • Work with a globally respected reinsurance group with strong financial strength and international reach
  • Play a pivotal role in expanding the organisation's footprint in India and wider-Asia
Quote job ref
JN-022026-6944956

Job summary

Function
Insurance
Sub Sector
Reinsurance
What is your area of specialisation?
Insurance
Location
Gandhinagar
Job Type
Permanent
Job Reference
JN-022026-6944956

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.