Jun 13, The Insurance Regulatory Authority Manager Supervision (Intermediaries) Jobs in Kenya

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

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