Supervision Officer - 2 Posts at Insurance Regulatory Authority (IRA)

Job Specifications

The duties and responsibilities entail:

• Collecting, cleaning and checking for completeness of data for use in various analysis.
• Conducting preliminary assessment on non-compliance with laws and regulations by regulated entities.
• Conducting preliminary analysis of requests for corporate changes; approval of directors, principal officers, management staff, control functions key officers and any other approval requests.
• Updating database of registered insurers on a continuous basis; and
• Facilitating logistics and administrative issues in the department such as organization for meetings, workshops and smooth flow of information.
• Assisting in carrying out offsite and on-site surveillance of regulated entities to ensure an up-to-date risk profile.
• Assisting in assessing non-compliance with laws and regulations by insurers and submit reports for necessary actions.
• Assisting in the analysis of requests for corporate changes.
• Assisting in the analysis of requests for approval of directors, principal officer, senior manager and key officers as well as recruitment of expatriates and approvals for work permits for completeness and accuracy of information.
• Assisting in collecting and analysing data on onsite inspections, risk assessments, and trends to inform supervisory strategies.

Person Specifications

• Bachelor’s degree in any of the following fields: Insurance, Finance, Accounting, Risk Management, Law, Economics, Information Technology or equivalent from a recognized institution.
• Proficiency in computer applications.

Competencies and Skills

• Communication skills
• Interpersonal skills
• Analytical skills
• Report writing skills