Insurance Regulatory Authority Supervision Officer Jobs in Kenya

Insurance Regulatory Authority Supervision Officer Jobs in Kenya

Job purpose

  • The position is responsible for carrying out prudential supervision, licensing and enforcement to ensure financial soundness and proper governance of regulated entities.

    Job Specifications

    The duties and responsibilities will entail:

  • Carry out risk profiling of regulated entities in line with the risk-based supervision framework for proper assignment of risks and management of resources.

  • Continuously monitor, evaluate and report on the risk status of each of the assigned entities to allow for early intervention in the case of highrisk companies.

  • Carry out offsite and on-site surveillance of regulated entities to ensure an up-to-date risk profile.

  • Enforce penalties, restrictions, directives, inspection/investigation recommendations, offsite surveillance and market conduct recommendations and any other requirement of the Insurance Act,
    regulations, guidelines and rules.

  • Prepare reports on compliance with set minimum requirements in relation to capital, governance and risk management to ensure safety
    and stability in the insurance industry.

  • Prepare reports on compliance with set out practices and steps to be followed to ensure fair market practices in the industry.

  • Analyse any requests for approval under the Insurance Act.

  • Analyse and recommend for approval of reinsurance programmes as provided under the Insurance Act.

  • Process lien applications as provided under the Insurance Act.

  • Conduct preliminary analysis of applications for licensing for regulated entities to ensure completeness
    and accuracy of information.

  • Assess non-compliance with laws and regulations by regulated entities and submit reports for necessary actions.

  • Prepare a variety of reports, memos and correspondences related to licensing and enforcement activities.

  • Participate in the formulation and development of policies and procedures for the development of the insurance industry.

  • Participate in training of members of the industry.

  • Participate in supervisory colleges.

  • Participate in the development of departmental work plan, budget and procurement plan.

    Persons Specifications

  • Bachelor’s degree in Business Administration, Statistics, Insurance, Finance, Economics, Law, or its approved equivalent.

  • Certificate in Computer Proficiency.

  • Meets provision of chapter six of the Constitution Meets the provision of chapter six of the Constitution.

    Competency and Skills

  • Strong communication and presentation skills.

  • Good analytical skills.

  • Problem solving.

  • Professionalism.

    How to Apply

  • For more information and job application details, see; Insurance Regulatory Authority Supervision Officer Jobs in Kenya

    Find jobs in Kenya. Jobs - Kenya jobs. Search our career portal & find the latest Kenyan job positions, career opportunities & jobs in Kenya.

    Jobs in Kenya - banking jobs, IT jobs, accounting jobs, NGO jobs, business administration, ICT, UN jobs, procurement jobs, education jobs, hospital jobs, human resources jobs, engineering, teaching jobs, and other careers in Kenya.

    Find your dream job from 1000s of vacancies in Kenya posted and updated daily - click here!

  • Click here to post comments

    Join in and write your own page! It's easy to do. How? Simply click here to return to Best Africa Jobs.