Chief Manager, Technical Services at Policyholders Compensation Fund

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.

Terms of Offer:

An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the successful candidate. Successful candidates in job grades PCF2 and PCF3 will be engaged on a five (5) years contract renewable based on performance.