The Insurance Regulatory Authority Senior Manager Supervision(Licensing& Enforcement) Jobs in Kenya
Job Purpose
The position is responsible for ensuring efficient registration and exit from the
market of insurers and ensure that the provisions of the Insurance Act, rules,
regulations, guidelines, circulars and other directives from the Authority are
enforced to ensure that the interests of policyholders and insurance
beneficiaries are sufficiently safeguarded.
Job Specifications / Key responsibilities
The duties and responsibilities will entail:
Managerial / Supervisory Responsibilities
Oversee registration of insurers as provided for in the Insurance Act
to ensure protection of policyholders and insurance beneficiaries.
Co-ordinate the various regulatory approvals as required under the
Insurance Act to ensure proper operations of the insurers.
Oversee enforcement of penalties, restrictions, directives,
inspection/investigation recommendations, offsite surveillance and
market conduct recommendations and any other requirement of the
Insurance Act on insurers;
Maintain awareness of new trends and developments in the field of
enforcement and incorporate new developments as appropriate into
department’s programs;
Oversee development and implementation of strategies for effective
supervision of insurers under statutory management to ensure
recovery or smooth exit from the market.
Oversee the identification, development and implementation of
regulatory reforms in areas of amendments or changes in the
Insurance Act, regulations and guidelines with regards to licensing
and enforcement;
Coordinate and supervise the implementation of the supervisory
policies and procedures to achieve the Authority’s goals and
objectives;
Provide leadership and strategic direction to staff in the department
in achieving the goals of the Department;
Ensure compliance with the department’s standard operating
procedures by staff.
Operational Responsibilities / Tasks
Oversee development of recovery and resolution plans for insurers;
Monitor and report on the performance of statutory managers;
Review reports on performance of approved insurance products and
intervene as provided for in the Insurance Act.
Coordinate and oversee development of legislative and regulatory
proposals;
Develop capacity building initiatives for insurers on emerging issues;
Ensure maintenance of a register and database of registered Insurers
as required under the Insurance Act;
Prepare Board and management reports in matters relating to Licensing
of insurers and Enforcement of the requirements of the Act;
Oversee development, execution and control of the department’s work
plan, budget and procurement plan;
Oversee development, implementation, monitoring and evaluation of
the risk assessment framework for the department; and
Undertake performance management, training and development,
coaching and mentoring and welfare for staff of the Department;
Persons Specifications
Master’s degree in Statistics, Insurance, Commerce, Finance, Risk
Management, Economics, Business Administration or its equivalent;
Bachelor’s degree in Statistics, Insurance, Commerce, Finance, Risk
Management, Economics, Business Administration
Minimum KCSE B or its equivalent;
Twelve (12) years relevant experience, eight (8) of which served at a
senior management level;
Leadership course lasting not less than four (4) weeks;
OR Management Course lasting not less four (4) weeks;
Professional qualifications in Insurance or Accounting (ACII/
AIIK/FLMI/CPA);
Be a registered member of a professional institution recognized in
Kenya;
Meets provisions 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 Senior Manager Supervision(Licensing& Enforcement) Jobs in Kenya
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