Senior Supervision Officer At Insurance Regulatory Authority (Ira)

Job Summary
Carrying out on-site and off-site supervision of regulated entities
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
Seven (7) years’ experience in insurance practice, audit or accounting;
Experience in analysis of financial and statistical reports; and
Experience in the analysis of financial and statistical reports.

Skills
Good communication and reporting skills;
Good supervision skills;
Strong organization and interpersonal 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

Responsibilities
Policy development
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
Analyze 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 andthe strategic plan in the Technical division.