Senior Manager - Compliance and Regulatory Reporting
Amana Takaful PLC
Total years of experience :14 years, 0 Months
December 2003 to date - Amana Takaful PLC
Senior Manager - Compliance and Regulatory Reporting
Duties and Responsibilities
➢ Responsible for monitoring and ensuring compliance with regulatory requirements (Insurance Regulations, Companies Act and Stock Exchange requirements etc.)
➢ Ensure timely and accurate submission of regulatory returns on a periodical basis. This includes financial information for the period, asset, liability matching etc.
➢ Responsible for preparation of Solvency Margin computations and Capital Adequacy Ratio under Risk based Capital.
➢ Being the sole liaison officer with the Insurance Board of Sri Lanka (IBSL) on regulatory matters and responding to regulatory queries and clarifications.
➢ Coordinate with the actuaries pertaining to valuations and Risk Based Capital requirements. This involves submission of accurate data, attending to actuarial queries etc.
➢ Review of quarterly and annual financial statements and responsible for the preparation of the Annual Report of the company.
2000 to 2003 - Ernst & Young Chartered Accountants
Audit Trainee
During my 3 years tenure in E&Y, I have gained substantial exposure and experience in industries covering State Banks, Finance Companies, Garment Factories, Hotels, Transport and Health Services etc.
Other areas of Competence
➢ Treasury/investment
➢ Financial Reporting and Management Reporting
➢ Risk Management
➢ Shariah Compliance
➢ Positive attitude and the ability to get along with colleagues and superiors
➢ Ability to work under minimum supervision
Noteworthy Contributions
➢ Played an active role in the Listing process of the Company.
➢ Played a pivotal role in the implementation of Risk Based Capital from a Solvency Margin regulatory regime.
➢ Spearheaded the conceptualization and implementation of the Segregation Agenda, i.e the bifurcation of the General and Life Insurance business in conformity with the regulation.
Achievements
Won the CEO's Award for Commitment and Dedication towards Amana Takaful in 2006 & 2007.