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Manager Supervision (Intermediaries) job at Insurance Regulatory Authority (IRA) | Apply Now
Nairobi, Kenya
Full Time
Are you looking for Legal jobs in Kenya 2025 today? then you might be interested in Manager Supervision (Intermediaries) job at Insurance Regulatory Authority (IRA)
About the Organisation
The Insurance Regulatory Authority (IRA) is a State Corporation established under the Insurance Act, Cap 487 of the Laws of Kenya. IRA's mandate is to regulate, supervise, and promote the development of the insurance industry in Kenya. The Authority ensures the effective administration, supervision, and regulation of insurance and reinsurance businesses to protect the interests of policyholders and insurance beneficiaries.
Job Title
Manager Supervision (Intermediaries) job at Insurance Regulatory Authority (IRA)
Insurance Regulatory Authority (IRA)
Job Description
The role involves overseeing the registration and licensing of insurance intermediaries, monitoring compliance with the Insurance Act and related regulations, enforcing penalties and directives, and maintaining accurate records of inspections and enforcement actions. The Manager will also lead the development and implementation of supervisory policies and procedures, provide strategic direction to staff, and ensure the effective supervision of intermediaries under statutory management.
Duties, Roles and Responsibilities
Formulate practices to ensure fair market practices in the industry.
Develop policy guidelines and regulations for the supervision of the insurance industry.
Review recommendations on licensing and approvals for insurance intermediaries.
Oversee the development and implementation of strategies for effective supervision of intermediaries under statutory management.
Coordinate various regulatory approvals as required under the Insurance Act.
Monitor and enforce penalties, restrictions, directives, and other requirements of the Insurance Act.
Maintain accurate information on all investigations, inspections, and enforcement actions.
Lead analysis and preparation of reports on acquisitions, transfers, and mergers within the insurance industry.
Prepare reports on stakeholder engagements for capacity building and emerging issues in supervision.
Monitor the remittance of premium levy.
Enforce sanctions as provided for under the Insurance Act to ensure market discipline.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
Master’s degree in Statistics, Insurance, Finance, Risk Management, Economics, Law, Business Administration, Commerce, or its equivalent.
Bachelor’s degree in Insurance, Economics, Commerce, Business Administration.
Minimum KCSE B or its equivalent.
Professional qualifications in Insurance or Accounting (ACII/AIIK/FLMI/CPA).
Nine (9) years of relevant experience.
Registered member of a recognized professional body in Kenya.
Management course lasting not less than four (4) weeks.
Meets the provisions of Chapter Six of the Constitution.
Strong communication and reporting skills.
Strong analytical and numerical skills.
Strong organization and interpersonal skills.
Mentoring, coaching, and leadership skills.
Conflict management abilities.
Ability to work under pressure, prioritize, and multi-task.
How to Apply
Interested and qualified candidates should submit their applications by:
Filling in the online biodata form provided at: https://forms.office.com/r/L8fWqDZ1r1
Sending hard copy applications enclosing their Curriculum Vitae, copies of relevant academic and professional certificates, and a copy of the National Identification Card.
Including telephone number, e-mail address, and names and addresses of three (3) referees familiar with the applicant’s professional background and experience.
Addressing applications to:
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 at 5 pm on the specified closing date
Note:
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.
The Insurance Regulatory Authority is an Equal Opportunity Employer. Persons with disabilities are encouraged to apply. Canvassing in any manner shall lead to automatic disqualification. Only shortlisted candidates will be contacted for interviews.
