IRA Hiring Assistant Manager Supervision.
IRA Hiring Assistant Manager Supervision
Jobs in Government, Jobs at Insurance Regulatory Authority (IRA)
Vision: To be the leading insurance industry regulator. Mission: To effectively regulate, supervise, develop the insurance industry and protect insurance beneficiaries.
Assistant Manager Supervision
Job purpose
To ensure 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
Duties and responsibilities will entail:
Managerial / Supervisory Responsibilities
- Recommend licensing and approvals of regulated entities as provided for in the Insurance Act to ensure the protection of insurance policyholders and beneficiaries;
- Monitor and implement set out practices and steps to be followed by regulated entities to ensure fair market practices in the insurance industry;
- Monitor and implement policy guidelines, regulations, and amendments in the Insurance Act with regards to licensing;
- Monitor and enforce penalties, restrictions, directives, inspection/investigation recommendations, offsite surveillance and market conduct recommendations, and any other requirement of the Insurance Act, regulations, guidelines, and rules;
- Provide leadership and strategic direction to staff in the section;
- Review reports on remittance of premium levy;
- Review enforcement reports.
Operational Responsibilities / Tasks
- Prepare proposals for registration and licensing;
- Review analysis on acquisitions, transfers, and mergers within the insurance industry to ensure policyholders are protected;
- Review analysis on process applications for registration, approval, and authorization of insurance and reinsurance companies under the Insurance Act;
- Review analysis on reinsurance proposals and arrangements;
- Review analysis on requests from regulated entities for corporate changes including new branches, shareholding structure, mergers, and acquisitions;
- Review analysis on approval of directors, principal officers, senior managers, and key officers as well as recruitment of expatriates and approvals for work permits;
- Review analysis on applications for overseas placement of insurance business;
- Ensure compliance with the section’s standard operating procedures by staff;
- Review reports on remittance of premium levy;
- Review enforcement reports;
- Maintain accurate information on all investigations, inspections, and enforcement actions;
- Develop systems and procedures to monitor insurers’ 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;
- Intervene in the event of non-compliance with regulatory and supervisory requirements;
- Evaluate and monitor the implementation of corrective plans;
- Ensure compliance with the section’s standard operating procedures by staff;
- Undertake performance management, training and development, coaching and mentoring, and welfare for staff of the section;
- Oversee the development of recovery and resolution plans for insurers;
- Monitor and report on the performance of statutory managers.
Person Specifications
- Master’s degree in Statistics, Insurance, Finance, Risk Management, Economics, Law, Business Administration, Commerce, or its equivalent;
- Bachelor’s degree in Commerce, Business Administration, Statistics, Insurance, Finance, Economics, or Law;
- Six (6) years relevant experience;
- Management Course lasting not less than four (4) weeks;
- Professional qualifications in Insurance or Accounting (ACII/AIIK/FLMI/CPA);
- Member of a relevant professional body;
- Meets the provision of chapter six of the Constitution.
Competencies and skills
- Strong negotiation skills;
- Strong communication and presentation skills;
- Good mentorship and coaching skills;
- Leadership and supervision skills.
IRA Job Application
Terms of Offer:
The Authority offers an attractive remuneration package commensurate with the duties and responsibilities of each position.
Successful candidates for positions in Job Grade IRA 4 to IRA 10 shall be appointed on Permanent and Pensionable terms of service.
Application:
Interested applicants MUST adhere to the application instructions provided below:
- The applicants MUST submit their biodata online by filling in the form provided in the link below: https://forms.office.com/r/L8fWqDZ1r1
- In addition, the applicants MUST send their hard copy applications enclosing their Curriculum Vitae and copies of relevant academic and professional certificates and copy of National Identification Card. The applicant MUST also include telephone number, e-mail address and names and addresses of three (3) referees familiar with the applicant’s professional background and experience.
Hard Copy Applications addressed to the undersigned, to be sent by post or delivered to the Insurance Regulatory Authority at Zep Re Place, 2nd Floor, Longonot Road, Upper Hill. Please note that these should be sealed, marked “Confidential” and indicate the job reference (e.g. “REF: MF/05” for Manager Finance).
Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100
Nairobi
Applications must be received by close of business at 5pm on Friday 28th June 2024.
Compliance Requirement:
In accordance with The Employment (Amendment) Act, 2022, the Authority will require candidates it wishes to enter into a written contract of service with to comply with Chapter Six of the Constitution by submitting mandatory compliance and clearance certificates from the relevant entities.
Important:
IRA is an Equal Opportunity Employer
Canvasing in any manner shall lead to automatic disqualification.
Only shortlisted candidates will be contacted for interviews.
IRA Hiring Assistant Manager Supervision