Assistant Manager – Retakaful

Requirements / Person Specifications

Academic Qualifications

For appointment to this grade, an officer must have:

• Bachelor’s Degree in any of the following disciplines: Insurance, Actuarial Science, Strategic Management, Project Planning and Management, Economics, Statistics, Commerce, Business Management, Mathematics, or an equivalent qualification from a recognized and accredited institution.
  
• Master’s Degree in any of the following disciplines: Insurance, Actuarial Science, Strategic Management, Statistics, Project Planning and Management, Economics, Business Management, Mathematics, or an equivalent qualification from a recognized and accredited institution.
  

Professional Qualifications

The officer must have:

• Diploma in Insurance (IIK) or Diploma in Chartered Insurance Institute (CII);
  
• Advanced Chartered Insurance Institute (ACII) will be an added advantage;
  
• Membership to the Insurance Institute of Kenya (IIK) or an equivalent professional body and in good standing;
  
• Knowledge of Retakaful operations and Sharia-compliant insurance principles will be an added advantage;
  
• Proficiency in computer applications; and
  
• Fulfilled the requirements of Chapter Six of the Constitution of Kenya.
  

Experience

The officer must have:

• At least twelve (8) years of relevant work experience, three (3) of which must have been in a supervisory position;
  
• Demonstrable experience in team leadership, stakeholder engagement, and operational coordination within insurance, reinsurance, or Retakaful environments.
  

Other Requirements

The officer must possess:

• Excellent interpersonal and communication skills;
  
• Strong planning, organizing, problem-solving, and decision-making skills with the ability to work under pressure and meet deadlines;
  
• Strong analytical, report writing, and presentation skills;
  
• Team leadership and collaboration skills; and
  
• Knowledge of auditing concepts, governance principles, internal controls, and risk management practices.
  

Financial Processing & Reconciliations

• Support the timely release of retained premiums, loss reserves, and related returns to cedants and brokers in line with Retakaful principles.
  
• Ensure accurate and timely raising, processing, and reconciliation of Monthly Debit/Payments (MDPs), premium adjustments, profit commissions, reinstatement premiums, and other treaty/facultative transactions.
  
• Process recoveries from reinsurers and retrocessionaires while ensuring all balances due to and from Kenya Re are accurately captured and reconciled in the system.
  
• Monitor and manage runoff accounts, outstanding balances, and facilitate timely settlement of obligations.
  

Business Analysis & Underwriting Support

• Analyse and process inward international treaty and facultative business (new and existing).
  
• Review and validate treaty slips, determine acceptance shares, and ensure accurate and timely generation of confirmations.
  
• Analyse facultative offers, treaty technical statements, and quarterly returns submitted by ceding companies.
  
• Provide technical support and advisory services to cedants and brokers on Retakaful and reinsurance matters.
  

Account Management & Debt Collection

• Conduct regular reconciliation of cedant and broker accounts, follow up on outstanding balances, and drive timely debt collection.
  
• Prepare weekly debt and performance reports for Management.
  
• Liaise with Finance to confirm balances and ensure prompt settlement of accounts.
  

Compliance, Reporting & Sharia Governance

• Serve as Secretariat to the Sharia Supervisory Board — preparing agendas, reports, minutes, and tracking implementation of resolutions.
  
• Ensure full Sharia compliance across underwriting, claims, investments, product development, and all Retakaful operations.
  
• Review the accuracy and integrity of financial and technical reports generated from the Reinsurance System.
  
• Monitor compliance of ceding companies with Kenya Re’s submission and reporting requirements.
  

Stakeholder Engagement & Additional Duties

• Support stakeholder awareness initiatives, including the Yellow Card Scheme where applicable.
  
• Participate in quarterly treaty confirmations, renewals, and compulsory share validations.
  
• Prepare periodic management and statutory reports on Retakaful operations.
  
• Perform any other duties as may be assigned from time to time.