The Heritage Insurance Company (K) Ltd is a member of Liberty Group
and a leading insurance Company with a legacy of providing superior
services to a wide spectrum of clients since 1976.
and a leading insurance Company with a legacy of providing superior
services to a wide spectrum of clients since 1976.
We have received AA – rating, the highest international rating awarded to a Kenyan insurer.
The
Company also won awards at the 2015 Annual Insurance Awards – Corporate
Social Responsibility, Fraud Detection & Prevention and Risk
Management.
Company also won awards at the 2015 Annual Insurance Awards – Corporate
Social Responsibility, Fraud Detection & Prevention and Risk
Management.
We are looking for a dynamic and experienced individual to fill in the following position:
Job Title: Product Development, Research & Innovation Supervisor
Main Purposes of the Job: To
assist in the development, maintenance and/or review of all products in
the organization and provide market insights to influence strategy
execution.
Key Responsibilities / Accountabilities
assist in the development, maintenance and/or review of all products in
the organization and provide market insights to influence strategy
execution.
Key Responsibilities / Accountabilities
- To
make recommendations to existing products based on market needs,
existing product performance, and competitor analysis, in order to
increase sales volume and profitability. - Product Concept: Research on product ideas and present a concept paper for consideration
- Product
development: Design, price and set-up product in the administration
system and also ensure the relevant actuarial product sign-offs are
obtained. - Engage
prospective partners on product distribution and ensure the development
of non-disclosure agreements, service level agreements and
administrative agreements. - Develop
a business case that gives a holistic overview of the product and
includes; product proposal, market analysis, market strategy, impact on
risk appetite and the process flows. - To
support the process of product development in liaison with the Project
Team to ensure all new products are developed within appropriate
timelines. - To
support Sales & Distribution team in ensuring that all products and
product related activities are within the regulatory framework. - Conduct research on market insights, consumer trends and the macro-economy.
- Develop modalities for translating research findings and recommendations into solutions that promote strategy execution
- To
perform required business analytics for management reporting and
strategy execution and make recommendations to support these analyses. - Project involvement for running projects that may require the supervisor’s input.
- To
fully participate in coaching and mentoring of other staff within the
organisation for sharing of skills and knowledge for enhanced service
delivery.
Key Skills, Knowledge, Experience and Personal Competencies
Education
- BSc. Actuarial Science, Statistics, Mathematics or related qualification.
- At least eight credits or passes in professional actuarial examinations from a recognized examining body
Experience
- At least 3 years prior experience in an actuarial environment, preferably in product development in a general insurance set up.
- Working
knowledge of regulatory environment (Capital Markets; Stock Exchange;
Retirement Benefits Authority; Insurance Regulatory Authority) - Demonstrate to have held a similar leadership role
Other Attributes
- Proficiency in Excel and Word Programmes
- Able to maintain a high level of confidentiality
- Highly innovative and ability to think outside the box
- Be able to maintain high standards of professionalism and ethics
Application Process
If
you believe you are the right candidate, please email your application
and CV to hr@heritage.co.ke on or before 22nd July 2016.
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