Supervision Officer Iii

Supervision Officer Iii
Company:

Insurance Regulatory Authority Of Kenya (Ira)


Supervision Officer Iii

Details of the offer

Carrying out on site and off site supervision of regulated entities
REQUIRED QUALIFICATIONS

Education and knowledge

Bachelor’s degree in insurance/ actuarial/ economics/ finance or business-related course

Part qualifications in ACII /AIIK/CPA(K)/ACCA/ CFA/ CSIA/Actuarial qualifications and

Proficiency in ICT

Experience

At least one (1) years of relevant experience

Experience in preparation of analytical and numerical reports; and

Experience analyzing 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

Industry Supervision
Carry out risk profiling of insurance companies
Continuously monitor, evaluate and report on the risk status

of each of the assigned companies

Carry out offsite and on-site surveillance of the assigned

companies

Analyze any requests for approval under the Insurance Act.

Analyze and recommend for approval reinsurance

programme

Industry Analysis
Analyze applications and recommend for registration and licensing of insurance companies in accordance with the requirements of the Insurance Act.

Analyse applications for registration and renewals for intermediaries and other service providers in line with prescribed requirements.

Recommend requests for approval of the appointment of principal officer for brokers and MIP’s.

Analysis of annual accounts for brokers and MIP’s.

Process lien applications as provided under the Insurance
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 Department.

Job Requirements
Required education
: Bachelor's degree

Required relevant work experience
: 12 months

Required languages:
English (Spoken: fluent | Written: fluent)
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Requirements