Senior Supervision Officer at Insurance Regulatory Authority
TITLE-Senior Supervision Officer
GRADE/LEVEL-IRA 5
IMMEDIATE SUPERVISOR; Head, Supervision
PURPOSE OF THE JOB
Carrying out on site and off site supervision of regulated entities
PRINCIPAL RESPONSIBILITIES
Policy developmentCarry out risk profiling of regulated entities. Continuously monitor, evaluate and report on the risk status of each of the regulated entitiesCarry out offsite and on site surveillance of the regulated entitiesAnalyse any requests for approval under the Insurance ActAnalyse and recommend approval of reinsurance programmeIndustry Analysis -Analyse applications and recommend for registration and licensing of regulated entities in accordance with the requirements of the Insurance ActAnalysis of annual accounts for regulated entitiesProcess lien applications as provided under the Insurance ActPolicy development and Implementation -Participate in the formulation and development of policies and proceduresParticipate in the coordination of training for members of the industry.Coordinate development and growth of insurance agency force at the countiesAssist in the preparation of policy papers, briefs and board papersMonitor the implementation of performance contract issues and the strategic plan in the Technical division.Supervise less experienced supervision team members
REQUIRED QUALIFICATIONSEducation and knowledge•
Bachelors’ degree in economics, insurance, accounting, actuarial or equivalent
Professional qualification i.e. AIIK, ACII, CPA, ACCA, or equivalent qualification;
Member of a professional body
Proficiency in ICT
Experience•
Seven (7) years’ experience in insurance practice, audit or accounting;
Experience in analysis of financial and statistical reports; and
Experience in analysis of 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. 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: careers@ira.go.ke, 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.