More than 100,000 people have found their dream job through Fuzu.

Closing: Aug 18, 2022

5 days remaining

Published: Aug 1, 2022 (12 days ago)

Job Requirements

Education:

Work experience:

Language skills:

Job Summary

Contract Type:

Sign up to view job details.

Persons Specifications

  • Master’s degree in Statistics, Insurance, Commerce, ICT, Finance, Risk Management, Economics, Law, Business Administration or its equivalent.
  • Bachelor’s degree in Statistics, Insurance, Commerce, ICT, Finance, Risk Management, Economics, Law, Business Administration or its equivalent.
  • Twelve (12) years relevant experience, eight (8) of which served at a management level.
  • Leadership course lasting not less than four (4) weeks

OR

  • Management Course lasting not less four (4) weeks
  • Supervisory Course for not less than two (2) weeks;
  • Be a registered member of the Chartered Insurance Institute, Insurance Institute of Kenya, Institute of Certified Public Accountants of Kenya, Institute of Certified investments & Financial Analysts, Information Systems, Audit & Control Association, CFA Institute, or Law Society of Kenya or any other professional body that may be approved by the Board.
  • Relevant Professional qualifications;
  • Certificate in Computer Proficiency;
  • Meets provision of chapter six of the Constitution.


Responsibilities

Persons Specifications

  • Master’s degree in Statistics, Insurance, Commerce, ICT, Finance, Risk Management, Economics, Law, Business Administration or its equivalent.
  • Bachelor’s degree in Statistics, Insurance, Commerce, ICT, Finance, Risk Management, Economics, Law, Business Administration or its equivalent.
  • Twelve (12) years relevant experience, eight (8) of which served at a management level.
  • Leadership course lasting not less than four (4) weeks

OR

  • Management Course lasting not less four (4) weeks
  • Supervisory Course for not less than two (2) weeks;
  • Be a registered member of the Chartered Insurance Institute, Insurance Institute of Kenya, Institute of Certified Public Accountants of Kenya, Institute of Certified investments & Financial Analysts, Information Systems, Audit & Control Association, CFA Institute, or Law Society of Kenya or any other professional body that may be approved by the Board.
  • Relevant Professional qualifications;
  • Certificate in Computer Proficiency;
  • Meets provision of chapter six of the Constitution.


  1. Manage the process of formulation and implementation of minimum requirements in relation to supervision of intermediaries to ensure safety and stability in the insurance industry;
  2. Formulate effective strategies and programmes for supervision of insurance intermediaries and insurance service providers;
  3. Monitor and enforce penalties, restrictions, directives, inspection/investigation recommendations, offsite surveillance and market conduct recommendations and any other requirement of the Insurance Act in respect to insurance intermediaries and service providers;Coordinate and monitor implementation of AML/CFT Act by intermediaries to ensure effective reporting on AML/CFT issues to the Financial Reporting Centre;
  4. Coordinate ongoing and continuous supervision of insurance intermediaries and service providers;
  5. Manage the process of setting out practices and steps to be followed by intermediaries and service providers to ensure fair market practices in the industry;
  6. Develop capacity building initiatives for insurance intermediaries;
  7. Coordinate the development, implementation and evaluation of policy guidelines, regulations and amendments in the Insurance Act for supervision of intermediaries and service providers;
  8. Manage potential impacts of developments and trends arising out of regional and international supervision practices;
  9. Manage the development, continuous update and implementation of risk profiling framework for proactive intervention focused on fostering insurance industry stability and consumer protection;
  10. Provide leadership and strategic direction to staff in the department in achieving the goals of the Department;
  11. Oversee development, execution and control of departmental work plan, budget and procurement plan;
  12. Oversee the identification, development and implementation of regulatory reforms in areas of amendments or changes in the Insurance Act, regulations and guidelines;
  13. Oversee the development, implementation, monitoring and evaluation of the risk assessment framework for the department.
  14. Ensure compliance with the department’s standard operating procedures by staff.


Applications submitted via Fuzu have 32% higher chance of getting shortlisted.

Don’t miss your chance to work at Insurance Regulatory Authority of Kenya (IRA). Enter your email to start your application now