Jun 13, 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

Find jobs in Kenya. Jobs – Kenya jobs. Search our career portal & find the latest Kenyan job positions, career opportunities & jobs in Kenya.

Jobs in Kenya – banking jobs, IT jobs, accounting jobs, NGO jobs, business administration, ICT, UN jobs, procurement jobs, education jobs, hospital jobs, human resources jobs, engineering, teaching jobs, and other careers in Kenya.

Find your dream job from 1000s of vacancies in Kenya posted and updated daily – click here!

Click here to post comments

Join in and write your own page! It’s easy to do. How? Simply click here to return to 1 Best Africa Jobs.