INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY

 

3^rd Floor, ParisramaBhavan, Basheerbagh, Hyderabad – 500 004

Tel: +91-40-23381100; Fax: +91-40-66823334

 

Applications are invited for the following posts in the Insurance Information Bureau (IIB), Insurance Regulatory and Development Authority, Hyderabad:

 

Sl. No	Post and Scale of Pay	No. of Posts	Maximum Age Limit	Minimum Qualification	Minimum Experience	Desirable Experience / Qualifications
1.	Sr. Joint Director / Joint Director (IT) Sr.JD:Pay Scale: 60600-1600(4)-67000(5 Years); Joint Director: Pay Scale: 52000-1600(7)-63200 (8 Years)	1	50	B. Tech in CS/ECE from a recognized university/institute.	18/14 years of relevant experience at level appropriate out of which at least 3-5 years of experience in database creation, management and data analysis in insurance sector, or experience in data warehousing design, analysisanddatabase administration or any similar experience in insurance sector. Must have worked at appropriate level with regard to the post.	1. Recent experience on data warehousing projects is preferred for IT posts; 2. Familiarity in Networks/ Security for IT posts. 3. Proficiency in data warehousing process design for IT posts; 4. Familiarity with data warehousing methodologies for IT posts; 5. Advanced level actuarial qualifications and/or Fellow of Insurance Institute of India in the same order of preference. 6.Strong verbal and written communication skills; 7.Effective interpersonal relations skills, ability to effectively collaborate with others and work as part of a team; 8.Skills in navigating a large organization in order to accomplish results; 9.Ability to initiate and follow through on complex projects of both short and long term duration; 10.Excellent organizational and time management skills; 11.Excellent analytical and problem solving skills 12.Capability to work independently, assume responsibility for job development training and research; 13.Proficiency with MS Office suite, MS Visio, MS Project, and MS Outlook;
2.	Deputy Director (IT) Pay Scale: 39850-1200(2)-42250-1300(9)-53950 (12 Years)	2	50	B. Tech in CS/ECE from a recognized university/institute.	12 years of relevant experience out of which at least 3-5 years of experience in database creation, management and data analysis in insurance sector, or experience in data warehousing design, analysisanddatabase administration or any similar experience in insurance sector. Must have worked at appropriate level with regard to the post.
3.	Deputy Director (Life) Deputy Director (Non-Life) Deputy Director (Health) Pay Scale: 39850-1200(2)-42250-1300(9)-53950 (12 Years)	1 1   1	50	Graduateor equivalent from a recognized universityand any insurance qualifications from a recognised university/Institute.	12 years of relevant experience in insurance sector out of which at least 3-5 years of experience in data management and analysis in insurance sector, or experience in data warehousing design, analysisanddatabase administration or any similar experience in insurance sector. Must have worked at the level of DM in PSUs or equivalent cadre for a minimum period of four years in the area of respective field.
4.	Assistant Director (IT) Pay Scale:21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400 (16 Years)	4	40	B. Tech in IT/CS/ECE from a recognized university/institute.	3 years in relevant experience. Must have worked at appropriate level with regard to the post.	1. Experience in SAP/SQL is preferred for IT posts. 2.Familiarity in Networks/ Security/Database Management/Systems is preferred for IT posts. 3.Actuarial qualifications at appropriate level and/or Fellow of Insurance Institute of India in the same order of preference. 4.Strong verbal and written communication skills; 5.Effective interpersonal relations skills, ability to effectively collaborate with others and work as part of a team; 6.Skills in navigating a large organization in order to accomplish results; 7.Ability to initiate and follow through on complex projects of both short and long term duration; 8.Excellent organizational and time management skills; 9.Proficiency with MS Office suite, MS Visio, MS Project, and MS Outlook; 10.Excellent analytical and problem solving skills;
5.	Assistant Director (Life) Assistant Director (Non-Life) Assistant Director (Health) Pay Scale:21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400 (16 Years)	1   1   1	40	Graduate or equivalent from a recognized universityand any insurance qualifications from a recognised university/Institute.	3 years in relevant experience in related field. Must have worked at the level of AO in PSUs or equivalent cadre in the area of respective field.

 

 

Instructions:

1. Reservations / Relaxation in age for the above posts would be applicable as per IRDA (Conditions of service of officers and other employees) Regulations, 2000.

2. Reservation in the No. of Posts would be as under:

SrJD/Joint Director : 1 post
	SC	ST	OBC	Unreserved	Total
	0	0	0	1	1
Deputy Director (All Posts): 5 posts
	SC	ST	OBC	Unreserved	Total
	0	0	1	4	5
Assistant Director (All Posts): 7 posts
	SC	ST	OBC	Unreserved	Total
	1	0	1	5	7

 

 

3/  Age would be reckoned as on 01st October, 2011.

4. The Authority shall reserve the right to relax any of the minimum eligibility or experience requirements, in case the applicant is found suitable for the respective posts.

5. The Authority shall reserve the right to decide the level appropriate for each of the posts advertised, depending on the applications received.

6. The Authority shall reserve the right to increase or decrease the posts advertised.

 

Other Conditions / General instructions:

 

1. Candidates who satisfy the eligibility norms may apply giving their bio data strictly in the given format (Please download .doc file) duly signed along with a DEMAND DRAFT from the Nationalized bank for Rs.1000/- (Rupees one thousand only) (non-refundable) in favour of “Insurance Regulatory and Development Authority” payable at Hyderabad. Candidates belonging to SC/ST/OBC categories are exempt from the fee.

 

2. All educational qualifications should have been obtained from recognized Universities/Institutions in India or abroad. If grades are awarded instead of marks, candidates should clearly indicate the numerical equivalent.

3. Persons serving in State/Central Governments and Public Sector Undertakings should apply through proper channel. However, they can forward an advance copy to the Authority.

 

4. The eligibility for internal candidates for the above posts:

i. Sr. Joint Director: working at the level of Joint Director at least for a period of 4 years;

ii. Joint Director: working at the level of Deputy Director at least for a period of 4 years;

iii. Deputy Director: working at the level of Senior Assistant Director at least for a period of 5 years;

iv. Assistant Director: working at the level of Junior Officer at least for a period of 5 years;

 

5. Remuneration:

 

The approximate Monthly Emoluments of Senior Joint Director would be Rs1,60,619 /- for Joint Director would be Rs.1,36,903/-for Deputy Director would be Rs.1,10,000/-and for Assistant Director is Rs.61,000/- (inclusive of Basic pay, DA, HRA, and CCA & FA). Benefits in addition to monthly emoluments include PF, Gratuity, GSLIS, and other perquisites like LFC, Conveyance Allowance, Medical Facilities, Housing Loan and other facilities as provided for in the existing Rules/Regulations issued by the Authority.

 

6. Mode of Selection:

a) Screening Committee constituted by the Authority will examine the applications and candidates qualifying the criteria may be considered for being called for written test/interview/selection.

b) Merely fulfilling the eligibility conditions as regards age/qualifications/experience, after short-listing of candidates, would not automatically entitle any candidate to be called for written test/interview/selection..

c) The selected candidates will be posted in the office of the Authority located in Hyderabad and at such other places where the Authority may establish its offices.

d) The Authority reserves the right to modify the selection procedure, at its discretion.

 

7. Written Examination:

a) Written Examination of around 3 hours duration for 100 marks may be held. Candidates would have to secure minimum marks separately for each test as prescribed by the Authority, in their respective fields.

b) The Written Examination may be held at Hyderabad. Candidates will be required to appear for the Written Examination at their own cost.

c) Candidates will be short-listed for interview based on the aggregate marks obtained in the written examination. The Authority reserves the right to modify the selection procedure, if deemed fit.

 

8. How to Apply:

Applications complete in all respects must be sent in a closed envelope necessarily super scribed “APPLICATION FOR THE POST OF Sr. JOINT DIRECTOR/JOINT DIRECTOR/DEPUTY DIRECTOR/ASSISTANT DIRECTOR to the following address:-

 

The Executive Director (Administration)

Insurance Regulatory and Development Authority
3^rd Floor, ParisramaBhavanam , Basher Bagh,
Hyderabad – 500 004

9. Last Date

Last date for receipt of filled-in Application is 20^thNovember, 2011

 

10. Checklist for Submission of the Application Form:

a) The Format of the Application Form must be in a printed form (A4 Sheet). Application form can be downloaded from the IRDA Website (Please download .doc file)

b) Candidates should write their name and address on the reverse of the Demand Draft and enclose them to the application.

c) Name and Address should be written in capital letters in English only, since processing is computerized.

d) Candidates should ensure that all the entries have been correctly filled in the application and the photograph is signed.

e) Enclosures: Proof of age, caste certificate, qualification, marks list, experience certificate etc. duly attested by a Gazetted Officer.

f) On the cover containing the application, the post applied for, should be indicated.

g) Applications not in the prescribed Form or received after 20^thNovember, 2011will not be entertained.

 

Authority takes no responsibility for any delay in receipt of applications or loss thereof in postal transit.

 

All Copy Rights Reserved 2011. IRDA