INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
3rd floor, Parisram Bhavan, Basheerbagh, Hyderabad
Tel: 91 40 23381100 Fax: 91 40 66823334
APPOINTMENT OF INFORMATION TECHNOLOGY CONSULTANT
ON CONTRACT BASIS
The Authority is looking for a suitable external IT Consultant to work with
IT and other Regulatory Departments to establish the periodic technology needs
and oversee the IT Strategy and Governance. The Consultant needs to assist the
Authority with the periodical review and audit of both Hardware and Software
applications including data systems owned by the Authority.
With an idea to focus on streamlining the regulatory process and decreasing the
overall cost of regulatory compliance, the Authority has been taking a number of
Technology initiatives. The Consultant should assist the Authority in
implementation of such Projects through various committees and identify new
Technology initiatives to derive greater efficiencies and economies that position
regulators to be able to effectively and efficiently regulate Insurance industry and
implement the same.
The Consultant is required to study how insurance regulatory data (including
various data types and elements) is collected and about the use and its analysis
for market stability, development and to protect insurance consumers.
The following are the duties of Consultant:
• To develop IT policy and define uniform architecture guidelines and
communication standards for various software applications of the Authority
• To draw a road map for information exchange between the software
applications for avoidance of duplicate collection This includes
identification of standardization initiatives including terminology and
developing templates for uniformity in data collection
• To work with Regulatory Departments to establish the periodic technology
needs and identify new Technology initiatives to derive greater efficiencies
and economies that position regulators to be able to effectively and
efficiently regulate Insurance industry
• To assist the Authority in bid management including preparation of RFPs,
BRS and other bid documents and evaluation of the bids through various
stages. through participation in related committees
• To assist the Authority through appropriate interventions in implementation
of IT Projects through various Project Management Units/committees. To
identify/review and validate gaps in the existing/ongoing software
applications and oversee implementation of change requests for
expanding the usage and acceptance
• To oversee the IT Governance and submit monthly status reports with
suggestions on best practices as under
o Periodical review and audit of hosting arrangements and Hardware
environment including network systems and leased lines/vide-voice
conferencing systems owned by the Authority.
o Periodical review, SLA monitoring and audit of Software
applications including mobile applications and data systems owned
by the Authority.
o Audit and monitoring of DR and DC set up of outsourced software
applications and ensure security, backup and high availability
o Periodical review and audit of intranet and other internal
applications including data systems owned by the Authority
o Periodic review of Hardware/Network management, management
o Review of Information security
• Periodic review and assistance in the procurement processes through
participation in Tender committee and introduction of electronic
• Assistance and advice concerning building In-House messaging server
and Knowledge sharing platform
Qualifications/Experience; The candidates should be a Technology Expert with
proven experience in advising/leading IT function and should be a Ph.D in
Computer Science Engineering/Information systems management from premier
Institutes or Fellow from IIMs. Qualified Post Graduate
professionals/Academicians with qualifications in Computer Science
Engineering/Information systems management and experience in IT
Consulting/Advisory/Research may also apply. The Authority reserves the right to
relax any of the requirements for the candidates in deserving cases.
Maximum Age limit: Not above 62 years as on May 30th 2014
Tenure: The period of contract will be for one year and may be extended for
another term of one year subject to continued need and performance..
Remuneration: The remuneration for the Consultant shall be as under:
• A retainer fee may range between Rs.70,000 and Rs.110,000/- per month
depending on the qualifications and experience. The Authority reserves
the right to determine appropriately relaxed remuneration for the candidate
• Rs.10000 per month (fixed) will be paid for local conveyance. The sitting
fee, as admissible, for participation in Committees, will be paid in addition.
Mode of selection: Mode of selection will be short-listing and interview. Only the
short-listed candidates will be called for interview.
How To Apply
• Candidates who satisfy the eligibility conditions may apply giving their bio
data strictly in the format given below. Applications should be sent by
ordinary post in a cover super scribing ‘INFORMATION TECHNOLOGY
CONSULTANT ON CONTRACT BASIS’ to the below mentioned address
Senior Joint Director (Gen),
Insurance Regulatory and Development Authority,
3rd Floor, Parisram Bhavan,
Basheer Bagh, Hyderabad - 500004
• Last date of receipt of application : 30-05-2014
• Candidate should also send a scanned/electronic copy of the application
by email to firstname.lastname@example.org.
• Notwithstanding his/her engagement as IT Consultant, IRDA retains its
authority to appoint any other expert to deal with IT issues as it may
• The engagement may be terminated through written intimation by either
side by giving one month’s notice without assigning any reasons.
• During the period, the Consultant will not advise or accept any assignment
with any regulated entity or Vendor.
• The Consultant shall not accept any assignment which shall have conflict
of interest with IRDA.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
APPLICATION FOR INFORMATION TECHNOLOGY CONSULTANT
ON CONTRACT BASIS- 2014
NAME OF CANDIDATE
DATE OF BIRTH
DETAILS OF WORK EXPERIENCE