The
Heritage Insurance Company (K) Ltd is a member of Liberty Group and a leading
insurance Company with a legacy of providing superior services to a wide
spectrum of clients since 1976.
We
have received AA - rating, the highest international rating awarded to a Kenyan
insurer.
The
Company also won awards at the 2015 Annual Insurance Awards - Corporate Social
Responsibility, Fraud Detection & Prevention and Risk Management.
Job
Title: Product
Development, Research & Innovation Supervisor
Main
Purposes of the Job: To
assist in the development, maintenance and/or review of all products in the
organization and provide market insights to influence strategy execution.
Key Responsibilities / Accountabilities
Key Responsibilities / Accountabilities
- To
make recommendations to existing products based on market needs, existing
product performance, and competitor analysis, in order to increase sales
volume and profitability.
- Product
Concept: Research on product ideas and present a concept paper for
consideration
- Product
development: Design, price and set-up product in the administration system
and also ensure the relevant actuarial product sign-offs are obtained.
- Engage
prospective partners on product distribution and ensure the development of
non-disclosure agreements, service level agreements and administrative
agreements.
- Develop
a business case that gives a holistic overview of the product and
includes; product proposal, market analysis, market strategy, impact on
risk appetite and the process flows.
- To
support the process of product development in liaison with the Project
Team to ensure all new products are developed within appropriate
timelines.
- To
support Sales & Distribution team in ensuring that all products and
product related activities are within the regulatory framework.
- Conduct
research on market insights, consumer trends and the macro-economy.
- Develop
modalities for translating research findings and recommendations into
solutions that promote strategy execution
- To
perform required business analytics for management reporting and strategy
execution and make recommendations to support these analyses.
- Project
involvement for running projects that may require the supervisor's input.
- To
fully participate in coaching and mentoring of other staff within the
organisation for sharing of skills and knowledge for enhanced service
delivery.
Key
Skills, Knowledge, Experience and Personal Competencies
Education
Education
- BSc.
Actuarial Science, Statistics, Mathematics or related qualification.
- At
least eight credits or passes in professional actuarial examinations from
a recognized examining body
Experience
- At
least 3 years prior experience in an actuarial environment, preferably in
product development in a general insurance set up.
- Working
knowledge of regulatory environment (Capital Markets; Stock Exchange;
Retirement Benefits Authority; Insurance Regulatory Authority)
- Demonstrate
to have held a similar leadership role
Other
Attributes
- Proficiency
in Excel and Word Programmes
- Able
to maintain a high level of confidentiality
- Highly
innovative and ability to think outside the box
- Be
able to maintain high standards of professionalism and ethics
Application
Process
If you believe you are the right candidate, please email your application and
CV to hr@heritage.co.ke on or before 22nd July 2016.
