The Insurance Regulatory Commission of Sri Lanka (IRCSL) invites suitably qualified and self-motivated candidates to apply for the following vacancies. Applicants should possess the required educational qualifications and relevant experience specified for each post.

APPLICATION CLOSING DATE: 25 OCTOBER 2026

1. Assistant Director – Supervision

Key Responsibilities

• Support effective supervision of the insurance industry through on-site inspections and off-site monitoring.
• Monitor the financial stability and operational performance of insurance companies.
• Analyse data, disseminate information, and recommend policy advice.
• Identify industry risks and recommend solutions based on current developments and international best practices.
• Contribute to macroprudential supervision, IFRS 17 implementation, and the development of supervisory frameworks in line with relevant Insurance Core Principles.
• Train and guide subordinates in assigned tasks.

Key Requirements

• A Bachelor’s Degree from a recognised university in Insurance, Mathematics, Accountancy, Finance, Business Administration, Commerce, Management, Marketing, Communication, or a relevant field; OR an equivalent professional qualification from a recognised institution.
• Six years of post-qualifying managerial experience in a reputed organisation.

2. Assistant Director – Market Intermediary Licensing & Supervision

Key Responsibilities

• Support on-site inspections and off-site monitoring of market intermediaries.
• Monitor their financial stability and operational performance.
• Identify risks and recommend appropriate solutions.
• Review licensing and other applications submitted by market intermediaries.
• Train and guide subordinates on assigned duties.

Key Requirements

• A Bachelor’s Degree in Finance, Accountancy, Business Administration, Insurance, Law, or a relevant field, or an equivalent professional qualification from a recognised institution.
• Six years of post-qualifying managerial experience in a reputed organisation.

3. Executive – Market Conduct Supervision

Please note: This is not a marketing-related position.

Key Responsibilities

• Assist in implementing market conduct rules, regulations, directions, and guidelines.
• Help develop supervision strategies, toolkits, and templates.
• Monitor and report unlawful or inappropriate practices in pre-sale and post-sale insurance processes.
• Conduct offsite risk assessments and prepare annual market conduct assessment reports.
• Assist with annual risk-based supervision plans and onsite examinations.
• Participate in onsite examinations and prepare supervisory reports.
• Assist with thematic reviews, standardising insurance policy wording, and preparing monthly reports.

Key Requirements

• A Bachelor’s Degree in Insurance, Finance, Accountancy, Business Administration, or a similar discipline, or an equivalent professional qualification from a recognised institution.
• Two years of relevant post-qualifying experience at a junior executive or executive level in a reputed organisation.

4. Executive – Supervision

Key Responsibilities

• Evaluate insurers’ financial condition, risk profiles, solvency, profitability, liquidity, and regulatory compliance.
• Review audited financial statements, regulatory returns, and management information.
• Identify emerging risks and assess compliance with prudential and supervisory standards.
• Participate in on-site inspections to assess financial reporting, asset quality, capital adequacy, and corporate governance.

Key Requirements

• A Bachelor’s Degree in Accountancy, Finance, Commerce, Management, Business Administration, Insurance, Mathematics, or a similar discipline, or an equivalent professional qualification from a recognised institution.
• Two years of relevant post-qualifying experience at a junior executive or executive level in a reputed organisation.

5. Executive – Market Development and External Relations

Key Responsibilities

• Coordinate and implement awareness programmes, educational activities, publicity campaigns, and communication programmes about insurance.
• Conduct research to support insurance market development.
• Liaise with print and electronic media, marketing firms, and advertising agencies.
• Create content for awareness materials, press releases, and press notices.
• Respond to public queries and assist with divisional activities.

Key Requirements

• A Bachelor’s Degree in a relevant field, including Insurance, Finance, Accountancy, Business Administration, or a recognised equivalent professional qualification.
• Two years of post-qualifying relevant experience at junior executive or executive level in a reputed organisation.

6. Executive – Administration

Key Responsibilities

• Support modern human resource systems covering recruitment, training, career management, performance management, rewards, benefits, and employee engagement.
• Coordinate training programmes and assist with annual performance appraisals.
• Maintain employee records, attendance, leave records, recruitment documents, and employment contracts.
• Assist with statutory benefits, insurance, staff loans, promotions, confirmations, disciplinary matters, and terminations.
• Assist with vehicle maintenance, procurement, purchasing, premises maintenance, office administration, janitorial services, and asset management.

Key Requirements

• A Bachelor’s Degree in Business Administration, Public Administration, Finance, Accountancy, Commerce, or a similar discipline, or an equivalent professional qualification from a recognised institution.
• Two years of relevant post-qualifying experience at a junior executive or executive level in a reputed organisation.

7. Driver cum Office Aide

Key Responsibilities

• Transport IRCSL employees, guests, and items safely and punctually.
• Inspect vehicles before and after trips and report mechanical issues.
• Maintain vehicle cleanliness, refuel as necessary, and keep vehicles in good working condition.
• Assist with record management and office maintenance.
• Open and close the office at scheduled times and help maintain office cleanliness.

Key Requirements

• Passed the G.C.E. Ordinary Level examination in six subjects with three credit passes.
• Five years of driving experience with a valid heavy vehicle driving licence.</li >
• Applicants must have a valid driving licence and driving experience.

Salary and Other Benefits

Other benefits include:

• Annual performance-based incentive.
• Leave encashment.
• Outdoor medical reimbursement.
• Comprehensive indoor medical insurance.
• Life and critical illness cover.
• Personal accident insurance cover equivalent to 60 months of basic salary.
• Vehicle and distress loan facilities.
• Sponsorship for higher studies.
• Reimbursement of subscription fees for one professional institution.

General Conditions

• Applicants should be below 40 years of age on the closing date. This age limit does not apply to applicants from the Government Sector.
• Qualifications and experience in insurance, analytical and research fields, and work experience in a regulatory authority will be an advantage for Assistant Director and Executive posts.
• Applicants who clearly demonstrate their qualifications will be shortlisted and informed.
• Canvassing in any form will result in disqualification.

How to Apply

Postal Address

For application enquiries: Contact the Administration Division on 011 2396184–9.