Senior manager licensing and enforcement needed at IRA

Senior manager licensing and enforcement needed at IRA

SENIOR MANAGER LICENSING & ENFORCEMENT

DIRECTORATE: Directorate of Supervision

GRADE/LEVEL IRA 3

IMMEDIATE

SUPERVISOR Director Supervision

TERMS OF SERVICE Five (5) years Contract renewable

subject to performance

1. a) Job Purpose

The position is responsible for ensuring efficient registration and exit from the

market of insurers and ensure that the provisions of the Insurance Act, rules,

regulations, guidelines, circulars and other directives from the Authority are

enforced to ensure that the interests of policyholders and insurance beneficiaries

are sufficiently safeguarded.

1. b) Job Specifications / Key responsibilities

The duties and responsibilities will entail:

1. Managerial / Supervisory Responsibilities
2. i) Oversee registration of insurers as provided for in the Insurance Act to ensure protection of policyholders and insurance beneficiaries.

1. ii) Co-ordinate the various regulatory approvals as required under the

Insurance Act to ensure proper operations of the insurers.

iii) Oversee enforcement of penalties, restrictions, directives,

inspection/investigation recommendations, offsite surveillance and

market conduct recommendations and any other requirement of the

Insurance Act on insurers;

1. iv) Maintain awareness of new trends and developments in the field of

enforcement and incorporate new developments as appropriate into

department’s programs;

1. v) Oversee development and implementation of strategies for effective

supervision of insurers under statutory management to ensure

recovery or smooth exit from the market.

1. vi) Oversee the identification, development and implementation of

regulatory reforms in areas of amendments or changes in the Insurance

Act, regulations and guidelines with regards to licensing and

enforcement;

vii) Coordinate and supervise the implementation of the supervisory

policies and procedures to achieve the Authority’s goals and objectives;

viii) Provide leadership and strategic direction to staff in the department in

achieving the goals of the Department;

1. ix) Ensure compliance with the department’s standard operating

procedures by staff.

1. Operational Responsibilities / Tasks
2. i) Oversee development of recovery and resolution plans for insurers;
3. ii) Monitor and report on the performance of statutory managers;

iii) Review reports on performance of approved insurance products and

intervene as provided for in the Insurance Act.

1. iv) Coordinate and oversee development of legislative and regulatory

proposals;

1. v) Develop capacity building initiatives for insurers on emerging issues;
2. vi) Ensure maintenance of a register and database of registered Insurers as

required under the Insurance Act;

vii) Prepare Board and management reports in matters relating to Licensing of

insurers and Enforcement of the requirements of the Act;

viii) Oversee development, execution and control of the department’s work

plan, budget and procurement plan;

1. ix) Oversee development, implementation, monitoring and evaluation of the

risk assessment framework for the department; and

1. x) Undertake performance management, training and development, coaching

and mentoring and welfare for staff of the Department;

1. c) Persons Specifications
2. i) Master’s degree in Statistics, Insurance, Commerce, ICT, Finance, Risk

Management, Economics, Law, Business Administration or its equivalent.

1. ii) Bachelor’s degree in Statistics, Insurance, Commerce, ICT, Finance, Risk

Management, Economics, Law, Business Administration or its equivalent.

iii) Twelve (12) years relevant experience, eight (8) of which served at a

management level.

1. iv) Leadership course lasting not less than four (4) weeks

OR

Management Course lasting not less four (4) weeks

1. v) Supervisory Course for not less than two (2) weeks;
2. vi) Professional qualifications in Insurance or Accounting (ACII/

AIIK/FMLI/CPA)

vii) Certificate in Computer Proficiency;

viii) Meets provision of chapter six of the Constitution.

1. d) Competency and Skills
2. i) Strong communication and reporting skills;
3. ii) Strong analytical and numerical skills;

iii) Strong organization and interpersonal skill;

1. iv) Mentoring, coaching and leadership skills;
2. v) Conflict management; and
3. vi) Ability to work under pressure, prioritize and multi-task.

Apply for the position

Method of Application

Details of the positions may be accessed by visiting the IRA website, www.ira.go.ke.

Terms of Offer:

An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the successful candidate.

Successful candidates for positions in Job Grade IRA 3 shall be appointed on a contract of five (5) years renewable subject to performance while those in Job Grade IRA 4 to IRA 10 shall be appointed on Permanent and Pensionable terms of service.

Application:

Suitably qualified and experienced individuals should submit applications enclosing a detailed curriculum vitae (CV), copies of relevant academic and professional certificates/testimonials and a copy of National Identity Card.

The CV must at the minimum provide details of the applicant’s email address, day-time mobile telephone numbers, details of current employer, current remuneration and names and contacts of three (3) referees familiar with the applicant’s professional background and experience.

Applications, addressed to the undersigned, may be sent by post or delivered at the Insurance Regulatory Authority (Registry Section) at Zep Re Place, 2nd Floor, Longonot Road, Upper Hill. Please note that these should be sealed, marked “Confidential” and indicate the job reference (e.g “REF:MICT/08” for Manager ICT).

Commissioner of Insurance & Chief Executive Officer

Insurance Regulatory Authority

Zep-Re Place

P.O Box 43505-00100

Nairobi

Applications must be received by close of business on 7th November 2023.

Candidates who had earlier applied for these positions may re-apply.

Compliance Requirement:

In accordance with The Employment (Amendment) Act, 2022, the Authority will require candidates it wishes to enter into a written contract of service with to comply with Chapter Six of the Constitution by submitting mandatory compliance and clearance certificates from the relevant entities.

Important:

IRA is an Equal Opportunity Employer. Persons With Disabilities are encouraged to apply.

Canvasing in any manner shall lead to automatic disqualification.

Only shortlisted candidates will be contacted for interviews.