Saham Assurance Company Kenya Limited
(Formerly known as Mercantile Insurance Company Limited)
Now a subsidiary of the Saham Group, we operate in 21 African Countries and in the Middle East, generating over USD 800 Million in business, through its ownership of over 20 insurance companies.
Internal Auditor
Reporting to the Audit Committee
Chairman, the Internal Auditor will review the various operations of the
departments both in life and general business to ensure compliance with the set
controls, report any short falls and give recommendations to the audit
committee.
Principal Accountabilities:
Principal Accountabilities:
The Internal Auditor will be charged
with the following accountabilities:-
- Carry out periodic and continuous internal
audit exercises on all functions and assets of the organization to
minimise the risk of loss
- Continuously evaluate internal control systems
in line with changing demands and ensure that the systems are
appropriately designed to serve the best interest of the organization at
all times
- Ensure that operations in various departments
are conducted in compliance with laid down policy, procedure, work
instructions and statutory regulations
- Evaluate audit findings, draw comparisons and
analytical reviews and advise the audit committee on continuous
improvement measures
- Identify and profile various risks inherent in
specific audit assignments, discuss them with the audit committee and
jointly agree on actions to be implemented for risk mitigation
- Analyse the issues identified during audits,
to so as to point out the risks they pose on the company
- Understand the company’s strategy and business
objectives so as to focus Audit’s work on the highest risks
- Continuously review operating policies,
procedures and work instructions and make recommendations to the audit
committee on the necessary improvements
- Evaluate, and examine policies, procedures and
systems that are in place so as to protect the assets of the company
- Regularly report to the Board audit committee
on activities, issues and related recommendations
Qualifications, Experience and
Knowledge:
- Bachelor’s Degree in commerce (Accounting or
Finance option)
- CPA (K) or equivalent
- At least 5 years’ experience in a similar
function
- Knowledge of the insurance industry policies,
procedures, regulations, and laws
- Knowledge of and skill in applying internal
auditing principles and practices
- Knowledge of the standards of the professional
practice of internal auditing and the code of ethics developed by the
Institute of Internal Auditors (IIA)
- Basic MS office skills
- Possess strong interpersonal, communication
and negotiation skills
- Self-driven individual with impeccable
integrity
Head of Life Business
This position is
responsible for the management of the operations and functions of the Life
& Pensions Department.
The job is to oversee operational efficiency of the Life & Pensions Department in order to meet customer service expectations and also achieve revenue growth targets and Profitability.
Principal Accountabilities:
- Manage Life and Pensions Department and develop
strategy for growth of the business unit in line with the overall
organization strategy
- Improve and update procedures and processes to
ensure excellent delivery of the services
- Lead the capture of new markets through direct
marketing of the services and retention of existing markets to facilitate
revenue growth
- Lead diversification of product portfolio
through innovation, product development and formulation in liaison with
the consulting Actuary
- Prepare the comprehensive monthly, quarterly
and annual premium production reports which are to be used by stakeholders
and the relevant regulatory bodies
- Review the performance of the Life Fund during
the year
- Respond to correspondence, relating to claims
handling emanating from brokers, clients, agents and lawyers
Qualifications, Experience and
knowledge:
- Bachelor’s Degree in commerce or actuarial
science
- Advanced Diploma in Insurance (ACII)
qualifications
- Preferably an MBA
- At least 7 years’ experience in Life and
Pension administration
- Sound technical knowledge of Life &
Pensions operations
- Good knowledge of the insurance industry
- Good leadership and management skills in order
to be able to lead a team and achieve targets
- Ability to display a high degree of
professionalism and integrity
- Excellent written and verbal communication
skills
Interested candidates are requested
to forward their updated CVs to:
Saham Assurance Company Kenya Limited
Ecobank Towers 16th Floor
P.O.Box 20680-00200
Nairobi, Kenya
or eMail: human.resource-kenya@sahamassurance.com
Not later than 30th September 2014 stating their current and expected remuneration, daytime telephone contacts and addresses of three referees.
Saham Assurance Company Kenya Limited
Ecobank Towers 16th Floor
P.O.Box 20680-00200
Nairobi, Kenya
or eMail: human.resource-kenya@sahamassurance.com
Not later than 30th September 2014 stating their current and expected remuneration, daytime telephone contacts and addresses of three referees.
Only shortlisted candidates will be
contacted.