Insurance Regulatory Commission of Sri Lanka Vacancies 2026
INSURANCE REGULATORY COMMISSION OF SRI LANKA
(Regulator of the Insurance Industry)
VACANCIES 2026
Closing Date: 25 October 2026
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.
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| No. | Name of the Post | Minimum Experience | Monthly Gross Salary |
|---|---|---|---|
| 1 | Assistant Director – Supervision | 6 years managerial experience | Rs. 225,050 + allowances |
| 2 | Assistant Director – Market Intermediary Licensing & Supervision | 6 years of managerial experience | Rs. 225,050 + allowances |
| 3 | Executive – Market Conduct Supervision | 2 years of relevant experience | Rs. 156,050 |
| 4 | Executive – Supervision | 2 years of relevant experience | Rs. 156,050 |
| 5 | Executive – Market Development and External Relations | 2 years of relevant experience | Rs. 156,050 |
| 6 | Executive – Administration | 2 years of relevant experience | Rs. 156,050 |
| 7 | Driver cum Office Aide | 5 years of driving experience | Rs. 78,425 |
APPLICATION CLOSING DATE: 25 OCTOBER 2026
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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.
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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.
- 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
| Post | Monthly Gross Salary / Allowances |
|---|---|
| Assistant Director | Rs. 225,050 + vehicle allowance of Rs. 25,000 + communication allowance of Rs. 2,000 |
| Executive | Rs. 156,050 |
| Driver cum Office Aide | Rs. 78,425 |
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
Assistant Director and Executive Posts
Applicants must complete the prescribed Google Form relevant to the post through the official IRCSL website.
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Important: Hard-copy and email applications are not accepted for these posts.
Driver cum Office Aide
Submit the application by registered post together with copies of the relevant certificates, a copy of the driving licence, and contact details of two non-related referees.
Write “Post of Driver cum Office Aide” on the top-left corner of the envelope.
Postal Address
The Director General,
Insurance Regulatory Commission of Sri Lanka,
Level 11, East Tower,
World Trade Centre,
Colombo 01.
For application enquiries: Contact the Administration Division on 011 2396184–9.
DON’T MISS THIS OPPORTUNITY!
Apply on or before 25 October 2026
| Notice – English | Download PDF |
| Application (Pending) | Download PDF |
| Closing Date | 2026.10.25 |
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