Manager - Fraud Control Unit
Liberty General Insurance
4 - 5 years
Mumbai
Posted: 08/01/2026
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Job Description
Actively looking for candidates from General Insurance sector for below role.
Role : Manager - Fraud Control Unit
Experience Required : 4-5 Years in Fraud Control Unit
Location : Prabhadevi, Mumbai
Job Responsibilities :
- Fraud Prevention, Detection & Investigation of Internal / External & Whistle Blower Cases
- Conduct in-depth investigations into suspected fraudulent activities across different LOBs and distribution channels
- Collect, verify and analyze evidence & prepare investigation reports with actionable insights and recommendations
- Expert in MS Excel & Power BI
- Leverage data analytics tools to identify high risk areas
- Transform complex data into actionable insights
- Engage with law enforcement agencies, surveyors, lawyers and external investigators
- Implement the fraud risk management framework in line with IRDAI guidelines
- Identify and monitor fraud-prone areas and develop red flag indicators for proactive detection
- Recommend system enhancements and process improvements to mitigate fraud risks
- Regulatory Compliance & Reporting
- Ensure compliance with IRDAIs Fraud Monitoring Framework (2025) and other regulatory directives.
- Maintain the Fraud Risk Register and track investigation outcomes and recoveries
- Prepare and submit quarterly and annual fraud reports to IRDAI and senior management
- Develop Training modules & conduct awareness & to promote ethical culture & vigilance across the organization.
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