Principal Officer at Trident Insurance Company

JOB REF: TRD/001/2023

Trident Insurance Company Limited seeks to recruit qualified, competent, result-oriented individuals to fill the following vacant positions:

 Job Purpose

The role holder will support the CEO in executing their strategic objectives and maintaining their culture of exemplary service to their customers. He / She will be responsible for governing and integrating the operational strategy for the consolidated production business budgets, by optimizing the use of technology, and containing the business’ operating costs while enhancing overall customer service and experience. He / She will also be responsible for “Hands On” Day to Day operations, developing and supporting insurance distribution partners/intermediaries, marketing of insurance services and products, market-related product development in line with business strategy, supporting the business development team with commercial and technical guidance, providing timely and reliable management information that supports the business strategy, goals and objectives.  The incumbent will also have the responsibility to maintain extensive knowledge of the business operating environment and coordinate the achievement of performance targets by line managers.

Job specifications;

• Ensure Compliance with the Insurance Regulatory Authority.
• Responsible for serving as the custodian of operational policies and procedures of the business; Ensure that the policies are up to date, well communicated, enforced and to advise on changes to enhance the business risk.
•  Managing projects, developing, and implementing new procedures for underwriting and claims processing to drive forward continuous process improvement to increase profits and/or make the organization more efficient.
• Ensure robust processes and procedures are in place for accurate recording of data and be the ultimate owner of business process and Core IT systems.
• To act as an Advisor and provide business support to board in all facets of business.
• Prepare regular and periodic reports to the board that provide a strategic direction and qualitative assessment on the achievement of the planned goals.
• Responsible for preparing detailed monthly analysis of variances of the sales budgets of all products and branches.
• Responsible for ensuring adequate operational controls for all products and channels.
• Lead and execute the operational strategy, plans & procedures
• Develop and establish operating policies consistent with the board broad policies and objectives and ensure their execution.
• Lead and execute the operational strategy, plans & procedures
• Develop and establish operating policies consistent with the board broad policies and objectives and ensure their execution.

Person Specifications, Skills & Competencies

For appointment to this position, a candidate must have:

Bachelor’s Degree in a Business-related field from a recognized institution;

• Master’s degree in business management (as an added advantage).
• Professional qualification in insurance field; AIIK, ACII or Diploma - IIK,
• Professional qualifications in CPA, CFA, ACCA or ACA will be an added advantage
• Minimum of ten (10) years’ relevant experience. 
• Proficiency in computer applications;
• Extensive knowledge in financial forecasting and statistical Modelling
• Ability to work in a team sharing knowledge and providing guidance and technical advice
• Knowledge of East Africa regulatory regime for insurers.
• Knowledge of reporting methodologies, e.g. IFRS.
• Membership to the Chartered Insurance Institute/ Insurance Institute of Kenya/ Institute of Certified Investments and Financial Analysts or equivalent professional body in good standing.