Policyholders Compensation Fund Chief Manager - Technical Services Jobs in Kenya

Policyholders Compensation Fund Chief Manager - Technical Services Jobs in Kenya

Purpose of the Job (Job Summary)

  • Responsible to the Managing Trustee for overseeing all compensation of policyholders, statutory management, research, risk monitoring, strategic planning and performance reporting.

    Duties and Responsibilities

    Specific duties and responsibilities will entail;

  • Overseeing the development and implementation of Strategies, Policies, Frameworks and related procedures for prompt compensation, statutory management and liquidation;

  • Spearheading the development and implementation of Strategies, Policies, Frameworks and related procedures to support Insurance Risk Monitoring;

  • Coordinating the collection of contribution levy and prudent management of the Policyholders Compensation Fund;

  • Developing inter-agency relationships to facilitate achievement of PCF mandate,

  • Ensuring prompt payment of compensation to claimants of insurers under management and dividends to creditors of liquidated insurers;

  • Providing advisory services to the Technical and Public Policy Committee of the Board;

  • Overseeing implementation of Board decisions and audit recommendations;

  • Ensuring compliance with PCF policies and relevant laws;

  • Ensuring effective communication of relevant policies to the divisions;

  • Participating in relevant international forum activities;

  • Ensuring development and implementation of the Departmental strategic objectives, Quality Management Systems, Enterprise Risk Management and Business Continuity Plans of the Department;

  • Providing advice to the Board and implementation of audit recommendations;

  • Providing strategic leadership including Performance Management in the Department;

  • Overseeing the development and implementation of the departmental work plans and budgets;

  • Oversee development and implementation of Policies, Guidelines, Regulations and Frameworks for Insurance Risk Monitoring;

  • Coordinate implementation of risk assessment activities including analysis, measurement and reporting of insurers’ risks;

  • Spearheading special on-site examination and off-site surveillance of the insurers;

  • Coordinate assessment, collection, reconciliation and reporting of contribution levy by insurers;

  • Overseeing formulation of investment plans, objectives and consistently monitoring the growth of
    the Fund based on PCF mandate;

  • Ensuring monitoring of the respective insurance risk profiles and recommending appropriate mitigating measures;

  • Ensuring the development of the Fund’s Strategic Plan and monitoring its implementation;

  • Overseeing the preparation, implementation and monitoring & evaluation of the Fund’s Annual Performance Contract;

  • Ensuring development and review of policies, procedures and guidelines to inform research, planning and quality assurance in the Fund; and

  • Assessing performance, mentoring and coaching of staff under the Officer’s purview.

    Requirements for Appointment

    For appointment to this position, an officer must have the following:

  • Bachelor’s degree in either Commerce, Actuarial Science, Finance, Insurance, Economics, Business Administration, Project Management or its equivalent from a recognized and accredited institution;

  • Master’s degree in the respective disciplines;

  • Membership with relevant professional body;

  • Strategic Leadership and Development Programme (SLDP) or its equivalent will be an added advantage;

  • Demonstrated a high degree of professional competence and administrative capability required for effective planning, direction, control, coordination and execution of programmes including drafting policy recommendation;

  • Proficiency in computer applications.

  • At least ten (10) years relevant experience, five (5) of which should have been at a senior management position.

    How to Apply

  • For more information and job application details, see; Policyholders Compensation Fund Chief Manager - Technical Services Jobs in Kenya

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