The Insurance Regulatory Authority Manager Supervision (Intermediaries) Jobs in Kenya

The Insurance Regulatory Authority Manager Supervision (Intermediaries) Jobs in Kenya

Job purpose

The position is responsible for coordinating the supervision of insurance
intermediaries and service providers on an ongoing basis to ensure that the
risks they pose are effectively managed to ensure that the interests of
policyholders and insurance beneficiaries are protected.

Job Specifications

The duties and responsibilities will entail:

Managerial / Supervisory Responsibilities

Coordinate the process of formulation and implementation of minimum
requirements in relation to supervision of intermediaries to ensure
safety and stability in the insurance industry

Formulate effective strategies and programmes for supervision of
insurance intermediaries and insurance service providers;

Co-ordinate off-site supervision, on-site supervision and analysis of
various returns from intermediaries and service providers;

Monitor and enforce penalties, restrictions, directives,
inspection/investigation recommendations, offsite surveillance and
market conduct recommendations and any other requirement of the
Insurance Act in respect to insurance intermediaries and service
providers.

Coordinate the development, implementation and evaluation of policy
guidelines, regulations and amendments in the Insurance Act for
supervision of the insurance industry;

Coordinate and monitor implementation of AML/CFT Act by members
of insurance industry to ensure effective reporting on AML/CFT issues
to the Financial Reporting Centre;

Manage potential impacts of developments and trends arising out of
regional and international supervision practices;

Manage the development, continuous update and implementation of
risk profiling framework for proactive intervention focused on fostering
insurance industry stability and consumer protection;

Develop, execute and control of the section’s work plan, budget and
procurement plan;

Provide leadership and strategic direction to staff in the section in
achieving the goals of the Department.

Operational Responsibilities / Tasks

Conduct ongoing and continuous supervision of insurance
intermediaries and service providers;

Develop and implement regulatory reforms in areas of amendments or
changes in the Insurance Act, regulations and guidelines;

Develop, implement, monitor and evaluate the risk assessment
framework for the section

Ensure compliance with

the section’s standard operating procedures by
staff.

Implement capacity building initiatives for insurance intermediaries;

Maintain a register and database of registered insurance intermediaries
and service providers.

Review all approval requests by insurance intermediaries and service
providers.

Monitor the registration of intermediaries and insurance service
providers and ongoing market conduct supervision of the insurance
intermediaries and service providers;

Implement systems and procedures to monitor intermediaries’
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.

Undertake performance management, training and development,
coaching and mentoring and welfare for staff of the Department

Persons Specifications

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

Bachelor’s degree in Insurance, Economics, Commerce, Business
Administration

Minimum KCSE B or its equivalent;
(

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

Nine (9) years relevant experience;

Be a registered member of a recognized professional body in Kenya;
(

Management course lasting not less than four (4) weeks; and

Meets provision of chapter six of the Constitution.
Competency and Skills

Strong communication and reporting skills;

Strong analytical and numerical skills;

Strong organization and interpersonal skill;

Mentoring, coaching and leadership skills;

Conflict management; and

Ability to work under pressure, prioritize and multi-task.

How to Apply

For more information and job application details, see; The Insurance Regulatory Authority Manager Supervision (Intermediaries) Jobs in Kenya

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