Permanent Ref No: 1310949 Qualification: Qualified, Qualified
Reporting directly to the Chief Executive, the Head of Regulation and Compliance is a member of the Senior Management Team. The successful candidate will lead the Regulation and Compliance Team with specific responsibility for the regulation of the health insurance sector, and the Risk Equalisation Scheme in particular. The role-holder will be expected to play an important role in the strategy, governance and development of the organisation and provide leadership to support the Chief Executive Officer to deliver on the vision for the organisation.
Role Specification
Specific responsibilities include:
  • Lead and oversee activities regarding compliance by the health insurance companies with their obligations under the Health Insurance Acts.
  • Assess health insurance plans for compliance with legislative requirements and reporting to Authority;
  • Analyse the operation of the Risk Equalisation Fund and prepare recommendations to Dept of Health on an annual basis;
  • Manage legal advice and support provision of legal analysis on a cross-divisional basis,
  • Direct research on health insurance matters and develop policy recommendations to support government policy.
  • Analyse market information and produce reports for a wide range of stakeholders.
  • Lead engagement with Dept of Health to initiate any legislative changes to support the organisation's mandate.
  • Manage the registration of health insurers and report to the Chief Executive/Registrar on maintenance of “The Register of Health Benefits Undertakings” and liaise with new entrants.
  • Represent the Authority in its dealings with a range of external bodies in particular the Department of Health, health insurance industry and other state agencies.
Reporting and Working Relationships
The role-holder is expected to develop and maintain key working relationships with the following:
  • Senior management team & Board
  • Registered Insurance undertakings
  • Department of Health and other state agencies.
  • Outsourced service providers covering economic consultants, actuarial consultants and external legal advisors
The Person
The role-holder will have a good understanding of the legal and regulatory environment in Ireland, regarding insurance, financial services or other regulated sector.
The person appointed will have a proven track record in a comparable organisation and will have worked collaboratively at Board and Executive level to deliver effective regulatory oversight of a relevant regulated marketplace.
As a minimum, candidates should explicitly demonstrate the following:
  • A professional actuarial qualification.
  • Ability to build relationships, influencing and liaising effectively with external stakeholders across a regulated industry.
  • Knowledge and understanding of the Irish and/ or international regulation or insurance sectors.
  • Excellent verbal and written communication, negotiation and presentation skills, with the ability to convey with clarity complex information to non-technical audiences.
  • Demonstrable experience in the implementation of regulatory oversight and policy development.
  • Experience in driving change in an organisation.
Contact [email protected] or +35316099404 for further details.
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Tagged as: General Insurance, Health
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