IRA Senior Supervision Officers Jobs in Kenya

The Insurance Regulatory Authority (IRA) is a State Corporation set
up under the Insurance Act Cap 487 to regulate, supervise and develop
the insurance sector in Kenya.

The Authority is seeking applications for the following vacant position:

Job Title: Senior Supervision Officer

Ref: SPO/06
 
2 Positions
 
Division: Technical
 
Section: Supervision
 

 

Immediate Supervisor: Assistant Manager, Supervision

Direct Reports: Supervision Officer
 

Purpose of the Job: Carrying out on site and off site supervision of regulated entities
 
Principal Responsibilities
 
Key Responsibilities and Main Tasks
 
Industry Supervision
  • Carry out risk profiling of regulated entities.
  • Continuously monitor, evaluate and report on the risk status of each of the regulated entities.
  • Carry out offsite and on site surveillance of the regulated entities.
  • Analyse any requests for approval under the Insurance Act.
  • Analyse and recommend approval of reinsurance programme
Industry Analysis
  • Analyse applications and recommend for registration and licensing of regulated entities in accordance with the requirements of the Insurance Act.
  • Analysis of annual accounts for regulated entities.
  • Process lien applications as provided under the Insurance Act.
Policy development and Implementation
  • Participate in the formulation and development of policies and procedures
  • Participate in the coordination of training for members of the industry.
  • Coordinate development and growth of insurance agency force at the counties
  • Assist in the preparation of policy papers, briefs and board papers.
  • Monitor the implementation of performance contract issues and the strategic plan in the Technical division.
Any other tasks:
  • Supervise less experienced supervision team members
Required Qualifications
 
Education 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
  • 7 years’ post qualification 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; and
  • Ability to work under pressure, prioritize and multi task
Terms of Offer: An
attractive remuneration package commensurate with the responsibilities
of the position will be negotiated with the right candidate.
How to Apply
 
If
you believe you are the right candidate for any of the above positions
and can clearly demonstrate your ability to meet the qualifications
given, please submit your application 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 testimonials by 29th January, 2016 to:

The Chief Executive Officer
Insurance Regulatory Authority
Zep -Re Place
P.O Box 43505-00100
Nairobi

OR

Email: commins@ira.go.ke

IRA is an Equal Opportunity Employer. People with disabilities are encouraged to apply.

Note: Only shortlisted candidates will be contacted and canvassing will result in automatic disqualification.

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