The Insurance Regulatory Commission of Sri Lanka (IRCSL) invites suitably qualified, self-motivated team players to fill the following vacancies:
1. Director Supervision
Key Responsibilities
Carry out on-site inspection and off-site monitoring activities of insurers and offer necessary guidance to the supervision team for conducting effective oversight on insurers internal controls, adherence to rules and regulations, and adoption of best practices.
Facilitate to implement SLFRS 17 within the sector and review and supervise insurers under SLFRS 17
Develop and periodically assess policies, procedures, rules and guidelines related to supervisory activities to ensure suitability for conducting prudent supervision
Publication and submission of monthly, quarterly and annual review and statistical reports of the insurance industry to relevant stakeholders
Recommend granting licenses to new applicants (insurers) based on their financial stability and capacity to meet policyholder obligations consistently
Execute assigned duties related to projects aimed at enhancing the prudential supervisory framework of the insurance industry, collaborating with international experts on initiatives such as risk-based capital frameworks and risk-based supervision
Conduct capacity building and training sessions for new recruits within the division and oversee the performance of supporting staff
Performing assigned strategic plan activities of the division
Key Requirements
A Bachelor’s degree from a recognized university in Insurance/Finance/Business Administration/Accountancy/Actuarial or similar discipline OR a professional qualification equivalent to a bachelor’s degree from a recognized institution
Ten (10) years post qualifying managerial experience in a reputed organization
A Master’s Degree and work experience in regulation and enforcement will be an added advantage
2. Assistant Director Investigation
Key Responsibilities
Develop policies and other statutory requirements to ensure an efficient and effective complaints management system
Provide required assistance and guidance in handling complaints with regard to claim disputes and complaints
Contribute to the Strategic Plan of the Division
Carry out investigations under Section 54 of the Regulation of Insurance Industry Act
Monitor the preparation of Quarterly Reports, Annual Reports, Monthly Action Plan updates and any other report pertaining to the Division
Assist in preparing papers for the Commission relating to the Division
Conduct root-cause analysis for complaints and disputes in order to identify specific market conduct issues and make recommendations to address the same
Perform assigned tasks in implementation of projects, policies and statutory requirements, etc
Train and guide subordinates on the assigned tasks
Key Requirements
An Attorney-at-Law or a Bachelor’s degree from a recognized university in Law or in any other related field
Six (6) years post qualifying relevant managerial experience in a reputed organization
Experience or qualifications in insurance and working experience in a regulatory authority will be a distinct advantage
3. Assistant Director Administration
Key Responsibilities
Develop and propose HR and Administration budget
Lead the development and execution of HR strategies, policies and procedures, practices and functions such as recruitment, performance management, training, time management, benefits, employee engagement, etc., in alignment with the organization’s mission and goals
Review and renegotiate HR-related contracts and agreements
Oversee all matters relating to facilities and administration, including building lease, front desk, supply resource management, records management, etc
Clarify and guide the relevant staff on the entire procurement process and ensure all procurements are carried out in compliance with procurement procedures issued by the Government
Assist the line manager on implementation of divisional action plan
Ensure HR records and information are maintained
Handle correspondence of the division
Key Requirements
A Bachelor’s degree from a recognized university in Business Administration/Public Administration or related field OR a professional qualification equivalent to a bachelor’s degree in the relevant field from a recognized institution
Six (6) years post qualifying relevant managerial experience in a reputed organization
Experience or qualifications in insurance and working experience in a regulatory authority will be a distinct advantage
4. Executive (Market Conduct Supervision)
Key Responsibilities
Assist in implementing market conduct rules, regulations, directions, and guidelines
Assist in monitoring and reporting on market conduct practices and trends
Assist in the examination and enforcement of market conduct procedures
Prepare reports for senior management
Train and guide subordinates on the assigned tasks
Key Requirements
A Bachelor’s degree from a recognized university in Insurance/Finance/Accountancy/Business Administration or similar discipline OR a professional qualification equivalent to a bachelor’s degree in the relevant fields
Two (2) years post qualifying relevant experience in a regulatory environment or related field
A Postgraduate qualification in Insurance/Finance/Marketing/Secretarial Practices or relevant field would be an asset
5. Driver cum Office Aide
Key Responsibilities
Transportation and Vehicle Maintenance: Ensure safe transportation of IRCSL employees and guests to destinations in a timely and secure manner; conduct daily vehicle inspections; report issues to Logistics Manager
Office Administration and Records Management: Assist in maintaining the Office; prepare documents and records for audits; maintain filing systems
Key Requirements
Passed G.C.E. Ordinary Level examination in 6 subjects with credit passes; six (6) years of driving experience in a reputed organization; valid driving license
Application deadline: Applications should be made on or before 08 June 2026. Visit the IRCSL website for details.