PRINCIPAL OFFICER

ABOUT OUR CLIENT

Our client – Kenbright Reinsurance Brokers Limited is a leading insurance and financial services brokerage in East Africa, with over 30 years of experience delivering tailored risk and financial solutions to corporate and retail clients. Headquartered in Nairobi, with offices in Uganda and Tanzania, Kenbright is driven by the belief that intellectual capital fuels innovation - bringing together top talent in insurance, actuarial science, healthcare, and business to provide forward-thinking, results-driven solutions.

POSITION SUMMARY

Reporting to the Board of Directors, the principal officer will provide strategic, commercial and operational leadership to Kenbright Reinsurance Brokers Limited, driving sustainable revenue growth, profitability, operational excellence and regulatory compliance. The Principal Officer is responsible for day-to-day business performance, with particular emphasis on new business origination, market development, client retention, financial discipline and people leadership.

KEY ACCOUNTABILITIES

Strategic Leadership & Business Development

• Develop and execute Board-approved strategy, annual business plans and budgets.
  

• Drive approximately 40% annual revenue growth through new business, portfolio expansion and client retention.
  

• Secure at least five new treaty accounts/programmes annually, collectively generating incremental annual brokerage revenue of at least 1.2 times the Principal Officer’s annual base salary.
  

• Build a measurable pipeline of profitable treaty and facultative opportunities in Kenya and selected African markets.
  

• Strengthen Kenbright Reinsurance’s market presence, strategic partnerships and competitive position including digitization and AI optimization.
  

Technical Reinsurance Oversight

• Lead treaty and facultative operations, including programme design, structuring, placements, renewals and negotiations.
  

• Ensure technically sound, commercially competitive solutions and appropriate placement documentation.
  

• Manage relationships with cedants, insurers, reinsurers and international markets.
  

• Oversee timely resolution of client servicing, placement and claims-related matters.
  

Financial Performance & Collections

• Own delivery of revenue, profitability and Board-approved financial targets.
  

• Target collection of at least 80% of due receivables, using an agreed ageing and measurement framework.
  

• Oversee operating costs, margins, cash flow, premium and brokerage reconciliations and remittances in collaboration with Finance.
  

• Provide timely and accurate commercial and financial reporting to the Board.
  

People Leadership & Operations

• Lead the reinsurance brokerage team and establish clear departmental and individual KPIs.
  

• Develop talent, succession plans, technical capability and a culture of accountability.
  

• Improve service delivery, processes, resource utilization and adoption of relevant technology.
  

Governance, Risk & Regulatory Compliance

• Fulfil statutory responsibilities of the Principal Officer under applicable Kenyan insurance laws and regulations.
  

• Ensure compliance with Insurance Regulatory Authority requirements and other applicable obligations.
  

• Maintain effective internal controls, risk management, regulatory reporting and audit follow-up.
  

• Escalate material financial, operational, regulatory and reputational risks to the Board.
  

Board & Stakeholder Engagement

• Report directly to the Kenbright Re Board on strategic, operational, commercial and financial performance.
  

• Present business plans, budgets, performance reports, material risks and opportunities to the Board.
  

• Implement Board-approved decisions within delegated authority and represent the business professionally with key stakeholders.
  

QUALIFICATIONS & EXPERIENCE

• A bachelor’s degree in insurance or related discipline from a recognized university and a diploma in Insurance.
  

• A master’s degree in a relevant field is an added advantage.
  

• Applicable IRA requirements for appointment as Principal Officer of a reinsurance brokerage; eligibility for regulatory approval and applicable fit-and-proper requirements.
  

• Strong treaty and facultative reinsurance knowledge, business development experience and understanding of Kenya’s regulatory environment.
  

• Preferably 8–12+ years of relevant insurance/reinsurance experience, including senior management or executive leadership.
  

• Demonstrated personal origination of new business and profitable portfolio growth; established insurer, cedant and reinsurer relationships.
  

• Experience managing budgets, collections, operational performance and teams.
  

CORE COMPETENCIES

• Commercial origination
  

• Strategic execution
  

• Treaty and facultative expertise
  

• Negotiation and relationship management
  

• Financial discipline
  

• People leadership
  

• Governance and risk awareness
  

• Sound judgement
  

• Board-level communication
  

HOW TO APPLY

All interested applicants are encouraged to submit their application ONLINE via Fuzu on or before 13th November 2026 at 5PM.