Kenya Reinsurance Corporation Limited Assistant Manager – Retakaful Jobs
Kenya Reinsurance Corporation Limited Assistant Manager – Retakaful Jobs ; The Assistant Manager – Retakaful is responsible for supporting the Manager in the day-to-day management and growth of the Retakaful business.
This role ensures efficient processing of Retakaful operations, accurate financial reconciliations, timely collections and payments, and strict adherence to Sharia principles across all activities.
The position also serves as Secretariat to the Sharia Supervisory Board and contributes to the overall development, profitability, and operational excellence of Kenya Re’s Retakaful Window.
Key Responsibilities
Financial Processing & Reconciliations
Support timely release of retained premiums, loss reserves, and returns to cedants and brokers
Ensure accurate processing and reconciliation of MDPs, premium adjustments, profit commissions, reinstatement premiums, and treaty/facultative transactions
Process recoveries from reinsurers and retrocessionaires, ensuring balances are captured and reconciled
Monitor runoff accounts, outstanding balances, and facilitate timely settlement of obligations
Business Analysis & Underwriting Support
Analyse and process inward international treaty and facultative business
Review treaty slips, determine acceptance shares, and generate confirmations
Analyse facultative offers, treaty technical statements, and quarterly returns from ceding companies
Provide technical support and advisory services to cedants and brokers
Account Management & Debt Collection
Conduct reconciliation of cedant and broker accounts and follow up on outstanding balances
Prepare weekly debt and performance reports for Management
Liaise with Finance to confirm balances and ensure prompt settlement
Compliance, Reporting & Sharia Governance
Serve as Secretariat to the Sharia Supervisory Board (agendas, reports, minutes, resolutions)
Ensure Sharia compliance across underwriting, claims, investments, and product development
Review accuracy and integrity of financial and technical reports from the Reinsurance System
Monitor compliance of ceding companies with Kenya Re’s submission requirements
Stakeholder Engagement & Additional Duties
Support stakeholder awareness initiatives including the Yellow Card Scheme
Participate
in quarterly treaty confirmations, renewals, and compulsory share validations
Prepare periodic management and statutory reports on Retakaful operations
Perform other duties as assigned
Requirements / Person Specifications
Academic Qualifications
Bachelor’s Degree in Insurance, Actuarial Science, Strategic Management, Project Planning & Management, Economics, Statistics, Commerce, Business Management, Mathematics, or equivalent
Master’s Degree in Insurance, Actuarial Science, Strategic Management, Statistics, Project Planning & Management, Economics, Business Management, Mathematics, or equivalent
Professional Qualifications
Diploma in Insurance (IIK) or Diploma in Chartered Insurance Institute (CII)
ACII qualification will be an added advantage
Membership to IIK or equivalent professional body in good standing
Knowledge of Retakaful operations and Sharia-compliant insurance principles is an added advantage
Proficiency in computer applications
Fulfil requirements of Chapter Six of the Constitution of Kenya
Experience
At least 8 years’ relevant work experience, 3 years in supervisory position
Demonstrable experience in team leadership, stakeholder engagement, and operational coordination in insurance, reinsurance, or Retakaful
Other Requirements
Excellent interpersonal and communication skills
Strong planning, organising, problem-solving, and decision-making skills
Strong analytical, report writing, and presentation skills
Team leadership and collaboration skills
Knowledge of auditing concepts, governance principles, internal controls, and risk management practices
How to Apply
For more information and job application details, see; Kenya Reinsurance Corporation Limited Assistant Manager – Retakaful Jobs
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