KETRACO Insurance Officer Jobs in Kenya

KETRACO Insurance Officer Jobs in Kenya

Reporting to the Manager Administration, the successful candidate will be responsible for
ensuring optimum and cost-effective risk and insurance coverage for Company’s physical and
human assets and legal liabilities arising from its operations to ensure business continuity.

Key Responsibilities;

Implementing insurance strategies, policies and standards pertaining insurance services in
the Company;

Coordinating insurance functional activities such as underwriting, medical administration,
claims administration, advisory, insurance trainings and sensitization for all staff in the
organization;

Overseeing administration of all Insurance policies as performed by various insurance providers such as Insurance Brokers, Underwriters, Risk Surveyors, and Motor Valuers etc;

Supervising and appraising staff in the Insurance Section and identify/propose their training needs to Management;

Advising Management on relevant Insurance statutory requirements and Insurance Trends as stipulated in the Insurance Act of Kenya and Insurance Regulatory Authority;

Developing annual Insurance work plans, procurement plans and budgets for Management
Approval;

Reviewing and updating the company’s Insurance Portfolio and advise Management on
relevant Insurance covers;

Participating in the Insurance Tender Process and preparation of Insurance contracts in conjunction with the Procurement and Legal Departments respectively to get the best
providers/services within stipulated budgets;

Reviewing policy documents from the insurers, to ensure compliance with KETRACO Insurance needs;

Undertaking quarterly insurance premiums reconciliations with Insurance providers and advice Management on payable Insurance premiums or refunds;

Liaising with Insurance stakeholders such as Insurance Brokers, Insurance Underwriters, and
Risk Surveyors etc;

Facilitating annual Risk Surveys on substation insurance, safety at the workplace and motor evaluation exercise to ensure appropriate and optimal covers;

Sensitizing staff on relevant Insurance matters;

Liaising with internal Departmental Managers regarding Insurance needs in their departments;

Facilitating quarterly performance review meetings with contracted Insurance providers to
evaluate performance with a view to ensuring continuous improvement and advise Management accordingly;

Reviewing and advising management on Insurance Contracts for KETRACO projects with external Contractors to ensure adequacy of cover and compliance with Insurance Statutory requirements as stipulated in the Insurance Act of Kenya;

Proposing to Management new and innovative Insurance products and trends in the market that meet personalised staff insurance needs and facilitate implementation once approved;

Participating in dispute resolution and arbitration of insurance matters with dissatisfied
Insurance providers or clients;

Preparing and regularly update company’s corporate Insurance Manual; and

Reviewing Insurance reports and submit to management.

Qualifications & Skills Required

Must have a minimum of five (5) years relevant work experience.;

A Bachelor’s degree in Commerce/Actuarial Science/Business or related field from a recognized institution;

Must have full Certification in Insurance such as Associate Chartered Institute of Insurance (ACII) or Associate of Insurance Institute of Kenya (AIIK);

Must have a valid Membership to Insurance Institute of Kenya and in good standing; and

Supervisory course lasting not less than two (2) weeks.

How to Apply

For more information and job application details, see; KETRACO Insurance Officer Jobs in Kenya

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