Guest vertical phone smallest
Why Fuzu? Join Fuzu to accelerate your professional growth, meet like-minded people and learn from the best.
Get Started

Head, Supervision

Salary rangeConfidential | Contract type: Permanent

You have 12 days left to apply for this job.

Share this job

Job Summary

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)
Share this job

Other Jobs at Insurance Regulatory Authority of Kenya (IRA)

Senior Legal Officer
Insurance Regulatory Authority of Kenya (IRA) / Nairobi
Corporate Communication Officer
Insurance Regulatory Authority of Kenya (IRA) / Nairobi
Supervision Officer III
Insurance Regulatory Authority of Kenya (IRA) / Nairobi
Records Management Officer
Insurance Regulatory Authority of Kenya (IRA) / Nairobi
Procurement Officer
Insurance Regulatory Authority of Kenya (IRA) / Nairobi

Similar Jobs

Country Manager
Kampala / Godel Limited
Business Development Manager
Nairobi / Extreme Clean Kenya Limited
Manager – Consumer Welfare & Advocacy
Uganda / Ministry Of Trade Industry &Cooperatives (Uganda)
Operations Manager
Nairobi / Summit Recruitment & Search
Improve your chances with Fuzu