Insurance Regulatory Authority Manager Human Resource Management Jobs in Kenya

Insurance Regulatory Authority Assistant Manager Supervision Jobs in Kenya



Job purpose

  • To ensure efficient registration and exit from the market of insurers and
    ensure that the provisions of the Insurance Act, rules, regulations, guidelines,
    circulars and other directives from the Authority are enforced to ensure that
    the interests of policyholders and insurance beneficiaries are sufficiently
    safeguarded.

    Job specifications

    Duties and responsibilities will entail:


    Managerial/Supervisory responsibilities

  • Recommend licensing and approvals of regulated entities as provided for
    in the Insurance Act to ensure protection of insurance policyholders and
    beneficiaries;

  • Monitor and implement set out practices and steps to be followed by
    regulated entities to ensure fair market practices in the insurance
    industry.

  • Monitor and Implement policy guidelines, regulations and amendments in
    the Insurance Act with regards to licensing;

  • Monitor and enforce penalties, restrictions, directives, inspection/investigation recommendations, offsite surveillance and market conduct recommendations and any other requirement of the Insurance Act, regulations, guidelines and rules;

  • Provide leadership and strategic direction to staff in the section.

  • Provide leadership and strategic direction to staff in the section.

  • Review reports on remittance of premium levy.

  • Review enforcement reports.

    Operational Responsibilities / Tasks

  • Prepare proposals for registration and licensing;

  • Review analysis on acquisitions, transfers and mergers within the
    insurance industry to ensure policy holders are protected

  • Review analysis on process applications for registration, approval and
    authorization of insurance and reinsurance companies under the Insurance Act;

  • Review analysis on reinsurance proposals and arrangements;

  • Review analysis on requests from regulated entities for corporate changes
    including new branches, shareholding structure, mergers and acquisitions;

  • Review analysis on Approval of directors, principal officer, senior manager
    and key officers as well as recruitment of expatriates and approvals for work permits;

  • Review analysis
    on applications for overseas placement of insurance
    business;

  • Ensure compliance with the section’s standard operating procedures by
    staff.

  • Review reports on remittance of premium levy.

  • Review enforcement reports

  • Review analysis on acquisitions, transfers and mergers within the
    insurance industry to ensure policy holders are protected

  • Maintain accurate information on all investigations, inspections and
    enforcement actions;
    (xiii)Develop systems and procedures to monitor insurers’ compliance with
    the requirements of the Insurance Act and other directives issued by the
    Authority and take appropriate measures as provided for in the Insurance
    Act;

  • Intervene in the event of non-compliance with regulatory and supervisory
    requirements;

    Person specification

  • Master’s degree in Statistics, Insurance, Finance, Risk Management,
    Economics, Law, Business Administration, Commerce or its equivalent;

  • Bachelor’s degree in Commerce, Business Administration, Statistics,
    Insurance, Finance, Economics or Law;

  • Six (6) years relevant experience;

  • Management Course lasting not less four (4) weeks;

  • Professional qualifications in Insurance or Accounting (ACII/AIIK/FLMI/CPA);

  • Member of a relevant professional body;

  • Meets provision of chapter six of the Constitution.

    Competencies and skills

  • Strong negotiation skills

  • Strong communication and presentation skills

  • Good mentorship and coaching skills

  • Leadership and supervision skills

    How to Apply

    For more information and job application details, see; Insurance Regulatory Authority Manager Human Resource Management Jobs in Kenya

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