The Insurance
Regulatory Authority is a state Corporation set up to regulate, supervise and
develop the insurance sector in Kenya.
The Authority is now seeking applications for the following vacant positions:
Financial
AnalystThe Authority is now seeking applications for the following vacant positions:
Ref FA/01
Responsible to the Senior Financial Analyst, for the capture and analysis of data and information submitted by the players in the insurance industry.
Core Duties and Responsibilities
- Capture
data and information pertaining to the insurance industry
- Analyze
financial statements and returns received from the insurance industry.
- Analyse
actuarial valuation reports from the insurance industry.
- Prepare
reports about the performance of selected insurance companies and
insurance intermediaries
- Analyse
periodic financial reports.
- Carry
out ratio and trend analysis based on the periodic financial reports.
- Monitor
global trends in the insurance industry
Minimum Qualifications
- First
Class Honors Degree or Upper Second Class Degree in Actuarial science or
Statistics.
- Candidates
who have made progress in obtaining internationally recognized CFA
qualifications or Actuarial professional qualifications will have an added
advantage.
- Have
recently graduated from a reputable university.
- Proficiency
in the use of Ms Office suite particularly Ms Excel
- Excellent
numerical, analytical and report writing skills.
- Good
interpersonal skills and team player.
- High
integrity.
- High
level of creativity and innovation.
Consumer Protection Officer
Ref CPO/01
Reporting to the Head, Consumer Protection for implementing effective complaint handling policies and procedures.
Core Duties and Responsibilities
Ref CPO/01
Reporting to the Head, Consumer Protection for implementing effective complaint handling policies and procedures.
Core Duties and Responsibilities
- Receive
written complaints lodged through the appropriate complaints procedure and
record details of the complaint
- Track
and monitor the status of all complaints and seek all relevant documents
to aid in resolution of Complaints.
- Arrange
hearings to determine the credibility and veracity of information provided
in connection to the complaints and where necessary recommend
investigation of the matter.
- Review
complaints periodically and as directed to identify systemic and recurring
problems.
- Prepare
monthly returns showing detailed statistics and trends of finalized cases.
Minimum Qualifications
- Bachelor’s
degree in Commerce or a related field.
- A
minimum of 6 years of experience in claims (insurance) management. 3 years
at a senior position.
- Be in
possession of ACII qualifications or equivalent and membership to a relevant
professional body
- Flexibility
and responsiveness in handling and determining complaints, sound
analytical skills and exceptional communication skills.
- High
level proficiency in the use of MS office suite.
Knowledge Management Officer
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Ref KMO/01
Reporting to the Policy, Research & Development Manager the Knowledge Management Officer will be responsible for developing and implementing effective knowledge management programs and activities and will be in charge of the Authority’s resource centre/library.
Core Duties and Responsibilities
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Ref KMO/01
Reporting to the Policy, Research & Development Manager the Knowledge Management Officer will be responsible for developing and implementing effective knowledge management programs and activities and will be in charge of the Authority’s resource centre/library.
Core Duties and Responsibilities
- Plan,
design and implement comprehensive knowledge management initiatives and
strategies.
- Design
and implement Knowledge learning culture and Knowledge learning
infrastructure.
- Conduct
needs assessment and baseline surveys to determine the actual information
needs of specific target groups such as insurers, re-insurers,
intermediaries as well as policy holders and their beneficiaries.
- Creating
avenues for exchange of information, converting data into valuable
information and ensuring its accessibility and usage by proper cataloguing
and classification.
- Assess
information needs, develop strategies to meet those needs, identify and
obtain required resources and ensure accessibility of these resources to the
staff, management and stakeholders.
- Serve
as key contact for data requests by responding to queries assisting
clients in accessing Knowledge Management tools and information at the
library.
- Conduct
outreach programs and oversee training for staff and clients in use of
Knowledge Management tools.
Minimum Qualifications
- Bachelor’s
degree in Information science/library science, or related discipline.
- Holders
of Masters Degree in relevant fields will have an added advantage.
- Membership
to a relevant professional body.
- Minimum
eight (8) years experience in developing and implementing knowledge
management programmes that contribute to strategic objectives in a
reputable institution/library.
- Working
knowledge of educational media and technology including the internet and
its utilization for electronic learning.
- Proficiency
in MS office suite.
Inspection Officer
Ref IO/ 01
Reporting to the Senior Inspection Officer the position holder will be responsible for implementing and evaluating programmes aimed at securing compliance of insurance industry players through surveillance, inspection and supervision.
Core Duties and Responsibilities
Ref IO/ 01
Reporting to the Senior Inspection Officer the position holder will be responsible for implementing and evaluating programmes aimed at securing compliance of insurance industry players through surveillance, inspection and supervision.
Core Duties and Responsibilities
- Assist
the team in planning, carrying out the inspection, reporting on the
findings and working with management to see that identified problems are
corrected.
- Assist
the team in the design, implementation and evaluation of effective
programmes aimed at securing compliance in accordance with the
requirements of the Insurance Act
- Enforce
policy guidelines and best practices including a risk-based model for
routine supervision of insurance firms.
- Prepare
reports on insurance companies’ performance indicating compliance levels
and adherence to prudential and market conduct benchmarks.
- Review
incidents of non-compliance, fraudulent inclinations and failures to meet
regulatory obligations and recommend appropriate administrative and legal
sanctions.
Minimum Qualifications
- Bachelor’s
degree in Insurance, Accounting, Economics, Finance, Actuarial Science, or
a related field.
- Possession
of CPA, CFA, ACCA, ACII, or other equivalent qualifications would be an
added advantage.
- 5 years
working experience in the Insurance Industry, 3 of which should be in
underwriting.
- Excellent
interpersonal and communication skills.
- Knowledge
of forensic accounting techniques.
- High
level proficiency in the use of MS office suite.
Compliance Officer
Ref CO/01
Reporting to the to the Senior Compliance Officer the position holder will be responsible for implementing the annual work plan by ensuring efficient and effective registration/licensing, coordination and management of insurance companies including re-insurers and intermediaries in line with regulatory requirements.
Core Duties and Responsibilities
Ref CO/01
Reporting to the to the Senior Compliance Officer the position holder will be responsible for implementing the annual work plan by ensuring efficient and effective registration/licensing, coordination and management of insurance companies including re-insurers and intermediaries in line with regulatory requirements.
Core Duties and Responsibilities
- Assist
in reviewing applications for registration and renewals for insurers,
intermediaries and other service providers in line with prescribed
requirements.
- Assist
in reviewing and evaluating reinsurance programmes for reinsurers
including treaty accounts and premium levy returns to ensure compliance
with prescribed requirements.
- Assist
in carrying on-site inspection and supervision alongside the surveillance
team.
- Assist
the senior compliance officer to manage and implement compliance policies,
procedures, practices, systems, processes, guidelines, rules and regulations
as developed by the Authority.
- Provide
advisory services to stakeholders and the general public on matters
pertaining to insurance, re-insurance and intermediaries’ regulations.
- Assist
in Analysis of premium rates, annual accounts and investments by insurance
and re-insurance companies.
Minimum Qualifications
- Bachelor’s
degree in Insurance, Accounting, Economics, Finance, Actuarial Science, or
a related field.
- Possession
of CPA, CFA, ACCA, ACII, or other equivalent qualifications would be an
added advantage.
- Knowledge
in Islamic finance (Takaful) would be an added advantage.
- Excellent
interpersonal and communication skills.
- High
level proficiency in the use of MS office suite.
Terms
of Offer
An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the right candidate.
If you believe you are the right candidate for the above position and can clearly demonstrate your ability to meet the qualification given, please submit your application indicating the position and reference number you are applying for with a detailed CV, stating your position, remuneration, qualifications, experience, names and addresses of three referees, email and telephone contacts together with copies of your certificates and testimonials by 16th March, 2012 to:
The Chief Executive Officer
Insurance Regulatory Authority
Zep -Re Place
P.O Box 43505-00100
Nairobi
Email: commins@ira.go.ke
Note: Only shortlisted candidates will be contacted and canvassing will result in automatic disqualification.
An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the right candidate.
If you believe you are the right candidate for the above position and can clearly demonstrate your ability to meet the qualification given, please submit your application indicating the position and reference number you are applying for with a detailed CV, stating your position, remuneration, qualifications, experience, names and addresses of three referees, email and telephone contacts together with copies of your certificates and testimonials by 16th March, 2012 to:
The Chief Executive Officer
Insurance Regulatory Authority
Zep -Re Place
P.O Box 43505-00100
Nairobi
Email: commins@ira.go.ke
Note: Only shortlisted candidates will be contacted and canvassing will result in automatic disqualification.