Coordinate the supervision of regulated entities to ensure prudent regulation/supervision of all registered General insurance companies.
Responsibilities
Ensure the risk profiling of all general insurance companies.
Ensure that the risk profile for the general insurance companies is updated periodically.
Ensure that the returns from the general insurance companies are received, analyzed and periodic reports made to the Manager Supervision
Ensure that the risk status for all general insurance companies is up dated quarterly and reported to the head of market supervision
Coordinate and ensure that all approvals are granted in accordance with the insurance Act.
Ensure that unaudited and audited accounts and actuarial reports of all general insurance companies are received, analyzed deviations noted information used for decision making.
Review applications for registration and licensing of all general insurance companies in accordance with the requirements of the Act.
Supervise the on-site and off-site inspection of all general insurance companies.
Ensure compliance of all general insurance companies with the provisions of the Insurance Act and other supervisory guidelines.
Ensure the divisional SOPs and service charters are adhered to and implemented
Qualifications
Bachelors’ degree in insurance / finance / accounting / actuarial:
Professional insurance qualification e.g. ACII / AIIK/CPA(K)/ ACCA/ CFA/ CSIA
Member of the ACII/ AIIK or similar bodies; and
Proficiency in ICT
A Masters’ degree in a relevant field will be an added advantage
Eight (8) years’ experience gained in the insurance industry, two (2) of which should have been at a supervisory level;
Experience in preparation of analytical and numerical reports;
Experience analysing financial and insurance reports; and
Strong communication, reporting and speech writing skills;
Good mentorship and coaching skills;
Strong organization and inter personal skills; and
Good analytical, investigative, auditing and inspection skills
Good team management and leadership skills
Competences
Professionalism;
Ethical and integrity;
Strategic thinking and team player; and
Ability to work under pressure, prioritize and multi task
Terms of Offer
An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the right candidate.
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