Insurance Regulatory Authority Assistant Financial Analyst Jobs in Kenya
Job purpose
The position is responsible for assessing and monitoring the financial soundness of the industry, conducting macro-prudential surveillance, data analytics, reporting, and publication with the aim of protecting policyholders and insurance beneficiaries.
Job Specifications
Duties and responsibilities will entail:
Compile statistics of insurers and check for completeness including: annual insurance statistics, quarterly insurance statistics, quarterly insurance industry claims statistics, Monetary Financial Statistics (MFS), Kenya National Bureau of Statistics’;
Prepare periodic reports on performance, trends analysis and projections for the insurance industry including: monthly gross direct premium report, monthly summary of claims report, quarterly insurance industry report and annual insurance industry report;
Conduct data validation of quarterly and annual insurance statistics to check on completeness and consistency of insurance data;
Update various performance indicators, ratios and industry benchmarks and averages;
Analyse, evaluate and interpret insurers’ financial statements and returns to ensure disclosures regarding various insurance parameters such insurance premiums, income, expenditure, assets and liabilities;
Create monthly, quarterly and annual returns and recommend continuous updates to ensure the returns meet acceptable standards and that all the necessary disclosures are made;
Conduct analyses on financial stability and macro prudential policy;
Carry out regular macro stress tests and prepare documents for public communication of those tests;
Participate in preparations for conducting research work in the field of financial stability, including collaboration with other institutions and professionals such as participating in FinAccess survey; and
Continuously evaluate financial returns to ensure they meet acceptable standards and that all the necessary disclosures are made
Persons Specifications
Diploma in Statistics, Insurance, or Accounting.
Certificate in Computer Proficiency.
Meets provision of chapter six of the Constitution.
Competencies and skills
Strong communication and presentation skills
Good analytical skills
Problem solving
Professionalism
How to Apply
For more information and job application details, see; Insurance Regulatory Authority Assistant Financial Analyst Jobs in Kenya
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