Head, Supervision

Head, Supervision
Company:

Insurance Regulatory Authority Of Kenya (Ira)


Head, Supervision

Details of the offer

Responsible for effective supervision (off-site and on-site), regulation and development of insurers,
intermediaries and service providers
REQUIRED QUALIFICATIONS

Education and knowledge

Bachelors degree in insurance / finance / accounting / actuarial:

Professional qualification e.g. ACII / AIIK/CPA(K)/ ACCA/ CFA/ CSIA

Member of the ACII/ AIIK or similar bodies; and

Proficiency in ICT

Experience

Eight (8) years’ experience gained in a similar field, 2 of which should have been at a supervisory level;

Experience in preparation of analytical and numerical reports;

Experience analyzing financial and insurance reports; and

Skills

Strong communication, reporting and speech writing skills;

Good mentorship and coaching skills;

Strong organization and interpersonal skills; and

Good analytical, investigative, auditing and inspection skills

Good team management and leadership skills

Competences

Professionalism;

Ethical and integrity;

Strategic thinking and team player; and

Ability to work under pressure, prioritize and multi-task

Responsibilities

Policy development
Participate in the development, evaluation and implementation of policy guidelines for routine supervision of licensees under the Insurance Act and recommend adoption of best practices.

Ensure coordination of the activities of the section relating to the Risk profiling of insurance industry members, follow-up of the supervisory response to the profiles and support for the companies in undertaking corrective action

Provide input for Gazettement and Degazettement of intermediaries and service providers

Coordinate and facilitate the training of insurers, intermediaries and service providers.

Participate in drafting budget memorandum.

Drafting various circulars and guidelines

Coordinate and supervise performance of the various tasks for supervision purposes

Industry Analysis and

Supervision

Coordinate the on-site and off-site inspection process

Coordinate the preparation of periodic reports to management on the risk status and supervisory plan for each insurer and intermediary

Co-ordinate and supervise the implementation, monitoring and evaluation of supervision policies & procedures

Participate in the formulation of cross border, regional and international insurance initiatives

Ensure that all licensees submit returns in time and that they are analyzed as required.

Ensure approval of various requests under the Insurance Act from the regulated entities

Coordinate the review of applications for registration and licensing of all insurers, intermediaries and service providers

Review incidents of non-compliance by regulated entities and recommend administrative and legal sanctions

Provide advisory services to stakeholders and the general public on matters pertaining to all insurers, intermediaries and service providers.

Staff supervision and administration
Coordinate and supervise the performance of the tasks carried out by supervision officers in the Section

Participate in preparation, implementation and control the departmental budget and work plans

Ensure department Standard Operating Procedures and Service Charter are adhered to and implemented

Liaise with IRA departments and external stakeholders so as to ensure a coordinated approach to discharging the mandate of the Authority

Supervise and develop section staff

Job Requirements
Required education
: Bachelor's degree

Required relevant work experience
: 7 years

Required languages:
English (Spoken: fluent | Written: fluent)
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Source: Fuzu


Area:

  • Auditor - Accounting - Finances / Accounting and Financial Management

Requirements


Knowledges:

  • Tax Law