Supervision Officer Jobs, Insurance Jobs In Kenya, IRA Jobs
The Insurance Regulatory Authority is a State Corporation established under the Insurance Act, Cap 487 of the Laws
of Kenya with the mandate to regulate, supervise and promote development of the insurance industry in Kenya. The
Authority is seeking applications for the following vacant positions:
JOB TITLE Supervision Officer III
DIVISION Technical
GRADE/LEVEL IRA 8
IMMEDIATE
SUPERVISOR Head, Supervision
JOB SUMMARY
Carrying out on site and off site supervision of regulated entities
Responsibilities
Industry Supervision • Carry out risk profiling of insurance companies
• Continuously monitor, evaluate and report on the risk status of each of the assigned companies
• Carry out offsite and on site surveillance of the assigned companies
• Analyze any requests for approval under the Insurance Act.
• Analyze and recommend for approval reinsurance programme
Industry Analysis • Analyze applications and recommend for registration and licensing of insurance companies in accordance with the requirements of the Insurance Act.
• Analyse applications for registration and renewals for intermediaries and other service providers in line with prescribed requirements.
• Recommend requests for approval of the appointment of principal officer for brokers and MIP’s.
• Analysis of annual accounts for brokers and MIP’s.
• Process lien applications as provided under the Insurance Act.
Policy development and Implementation • Participate in the formulation and development of policies and procedures
• Participate in the coordination of training for members of the industry.
• Coordinate development and growth of insurance agency force at the counties
• Assist in the preparation of policy papers, briefs and board papers.
• Monitor the implementation of performance contract issues and the strategic plan in the Technical Department.
Qualifications
Education and knowledge
• Bachelor’s degree in insurance/ actuarial/ economics/ finance or business related course
• Part qualifications in ACII /AIIK/CPA(K)/ACCA/ CFA/ CSIA/Actuarial qualifications
and Proficiency in ICT
Experience
• At least One (1) years relevant experience
• Experience in preparation of analytical and numerical reports; and
• Experience analysing financial and statistical reports.
Skills
• Good communication and reporting skills;
• Good supervision skills;
• Strong organization and inter personal skills; and
• Good analytical, investigative, auditing and inspection skills
Competences
• Professionalism;
• Ethical and integrity;
• Strategic thinking and team player; and
• Ability to work under pressure, prioritize and multi task
How to Apply
If you believe you are the right candidate for the above position and can clearly demonstrate your ability to meet the
job requirements given, please submit your application (clearly indicating on the envelope the reference number
and position you are applying for) with a detailed CV, stating your position, current remuneration, qualifications,
experience, names and addresses of three referees, email and telephone contacts together with copies of your
certificates and national identification card by close of business on 28th February 2020 to:
Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100,
Email: [email protected],
Nairobi
IRA is an Equal Opportunity Employer and Persons With Disabilities are encouraged to apply.
Note: only shortlisted candidates will be contacted and canvassing will result in automatic disqualification.
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