Financial Analyst Job in Kenya

Job Purpose

The position is responsible for assessing and monitoring the financial soundness of the industry, conducting macro-prudential surveillance, data analytics, reporting, and publication with the aim of protecting policyholders and insurance beneficiaries.

Job Specifications

Duties and responsibilities will entail:

Compile statistics of insurers and check for completeness including annual insurance statistics, quarterly insurance statistics, quarterly insurance industry claims statistics, Monetary Financial Statistics (MFS), and Kenya National Bureau of Statistics.

Prepare periodic reports on performance, trends analysis, and projections for the insurance industry, including monthly gross direct premium reports, monthly summary of claims reports, quarterly insurance industry reports, and annual insurance industry reports.

Conduct data validation of quarterly and annual insurance statistics to check for completeness and consistency of insurance data.

Update various performance indicators, ratios, and industry benchmarks and averages.

Analyze, evaluate, and interpret insurers’ financial statements and returns to ensure disclosures regarding various insurance parameters such as insurance premiums, income, expenditure, assets, and liabilities.

Create monthly, quarterly, and annual returns and recommend continuous updates to ensure the returns meet acceptable standards and that all the necessary disclosures are made.

Conduct analyses on financial stability and macroprudential policy.

Carry out regular macro stress tests and prepare documents for public communication of those tests.

Participate in preparations for conducting research work in the field of financial stability, including collaboration with other institutions and professionals such as participating in the FinAccess survey.

Continuously evaluate financial returns to ensure they meet acceptable standards and that all the necessary disclosures are made.

Person Specifications

Bachelor’s degree in Actuarial Science, Statistics, Commerce, Business Administration, or Finance from a recognized institution.

Meets the provisions of Chapter Six of the Constitution.

Competencies and Skills

Strong communication and presentation skills

Good analytical skills



How To Apply

Terms of Offer:

The Authority offers an attractive remuneration package commensurate with the duties and responsibilities of each position.

Successful candidates for positions in Job Grade IRA 4 to IRA 10 shall be appointed on Permanent and Pensionable terms of service.


Interested applicants MUST adhere to the application instructions provided below:

The applicants MUST submit their biodata online by filling in the form provided in the link below:

In addition, the applicants MUST send their hard copy applications enclosing their Curriculum Vitae and copies of relevant academic and professional certificates and copy of National Identification Card. The applicant MUST also include telephone number, e-mail address and names and addresses of three (3) referees familiar with the applicant’s professional background and experience.

Hard Copy Applications addressed to the undersigned, to be sent by post or delivered to the Insurance Regulatory Authority at Zep Re Place, 2nd Floor, Longonot Road, Upper Hill. Please note that these should be sealed, marked “Confidential” and indicate the job reference (e.g. “REF: MF/05” for Manager Finance).

Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100

Applications must be received by close of business at 5pm on Friday 28th June 2024.

Compliance Requirement:

In accordance with The Employment (Amendment) Act, 2022, the Authority will require candidates it wishes to enter into a written contract of service with to comply with Chapter Six of the Constitution by submitting mandatory compliance and clearance certificates from the relevant entities.


IRA is an Equal Opportunity Employer

Canvasing in any manner shall lead to automatic disqualification.