The Insurance Regulatory Authority is a state Corporation set up to regulate, supervise and develop the insurance sector in Kenya. The Authority is now seeking application for the following vacant positions.
Inspection Officer (2 Posts)
Reporting to the Senior Inspection Officer the position holder will be responsible for implementing and evaluating programmes aimed at securing compliance of insurance industry players through surveillance, inspection and supervision.
Essential Functions
Inspection Officer (2 Posts)
Reporting to the Senior Inspection Officer the position holder will be responsible for implementing and evaluating programmes aimed at securing compliance of insurance industry players through surveillance, inspection and supervision.
Essential Functions
- Assist the team in planning, carrying out the inspection, reporting on the findings and working with management to see that identified problems are corrected.
- Assist the team in the design, implementation and evaluation of effective programmes aimed at securing compliance in accordance with the requirements of the Insurance Act
- Enforce policy guidelines and best practices including a risk-based model for routine supervision of insurance firms.
- Prepare reports on insurance companies' performance indicating compliance levels and adherence to prudential and market conduct benchmarks.
- Review incidents of non-compliance, fraudulent inclinations and failures to meet regulatory obligations and recommend appropriate administrative and legal sanctions.
Minimum Qualifications
- Bachelor’s degree in Business Administration, Accounting, Actuarial Science, Economics, Finance, or a related field. Masters degree in any of the above fields would be an added advantage.
- Have attained CPA, CFA, ACII, or other equivalent qualifications.
- A minimum of three (3) years experience gained in relevant financial organizations with a strong focus on compliance, risk profiling and market regulation
- Excellent interpersonal and communication skills.
- Knowledge of forensic accounting techniques.
- High level proficiency in the use of MS office suite.
An attractive remuneration package commensurate with the position and responsibilities of the position will be negotiated with the right candidate.
Interested and suitably qualified candidates should forward their applications enclosing copies of their academic and professional certificates, detailed curriculum vitae giving details of telephone contact e-mail addresses, current remuneration, names and contacts of three referees on or before 8th May, 2009 to:
The Chief executive Officer,
Insurance Regulatory Authority,
P.O Box 43505-00100, Nairobi.
Note: only shortlisted candidates will be contacted and canvassing will result in automatic disqualification
