Fresh Jobs at Kenya Reinsurance Corporation Limited (Kenya Re)

Job Purpose

To support the Corporation in delivering sound actuarial solutions through risk analysis, pricing, reserving and financial modelling, while providing technical expertise that strengthens the profitability, sustainability and effective management of Kenya Re’s reinsurance portfolio.

Professional Qualifications

• Institute and Faculty of Actuaries (IFoA) Kenya/UK qualifications or equivalent from a recognised institution.
• Certified Public Accountant (CPA) Part II or III (KASNEB), ACCA, or equivalent qualifications from a recognised institution.
• Membership of a recognised professional actuarial body and/or the Institute of Certified Public Accountants of Kenya (ICPAK) or its equivalent, in good standing.
• Management course lasting not less than four (4) weeks from a recognised institution.

Experience

• At least twelve (12) years’ relevant work experience, three (3) of which must have been at a supervisory level in a reputable organization.
• Proven experience in the preparation of IRA quarterly and annual returns.
• Demonstrated merit, managerial capability and professional competence as reflected in work performance and results

Other Requirements

• Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies.
• Strong analytical, negotiation and problem-solving skills, with a keen eye for detail and value for money.
• Superior planning, organizing and time-management skills, with the ability to work effectively under pressure and meet tight deadlines.
• Fulfil the requirements of Chapter Six of the Constitution of Kenya.

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Job description

To provide independent actuarial advice on the financial risks facing the Corporation, determine the profitability and sustainability of reinsurance coverage, and assess and manage the financial risks associated with reinsurance contracts and portfolios. Reports to: Manager, Actuarial Department

Requirements

Academic Qualifications

• Bachelor’s degree in actuarial science, Statistics, Mathematics, Commerce, Business Administration, Risk Management, Insurance or an equivalent qualification from a recognised institution.

Professional Qualifications

• Postgraduate Diploma in Actuarial Science (Kenya/UK) with at least four (4) papers passed, or equivalent from a recognized institution.
• Certified Public Accountant (CPA) Part II or III (KASNEB), ACCA, or equivalent qualifications from a recognized institution.
• Membership of a recognized professional actuarial body and/or the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.

Experience

• At least nine (9) years’ relevant work experience in a reputable organization.
• Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.

Other Requirements

• Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies.
• Strong analytical, negotiation and problem-solving skills.
• Superior planning, organizing and time-management skills, with the ability to work effectively under pressure and meet tight deadlines.
• Fulfil the requirements of Chapter Six of the Constitution of Kenya.

Key responsibilities

Actuarial Analysis and Modelling

• Provide ongoing technical and analytical support to the reinsurance business.
• Use financial models to simulate various scenarios and assess their impact on the Corporation’s profitability and capital adequacy.
• Analyse data and construct probability tables to forecast risk and liability in support of decision-making.
• Assist in capital modelling for solvency and business planning purposes.
• Assist management in reviewing and advising on the results of asset-liability modelling.

Reserving and Reporting

• Prepare reports on solvency projections of the Corporation’s balance sheet.
• Support and perform quarterly reserve reviews.
• Support the transition of reserving models to IFRS 17 and assist management in reviewing the investment policy.

Pricing and Underwriting Support

• Assist underwriting functions on the pricing and/or review of life, health and non-life rates.

Retrocession and Stakeholder Coordination

• Review retrocession arrangements.
• Ensure proper coordination with the Corporation’s external stakeholders, including regulators, rating agencies and auditors.
• Participate in gathering and analysing information received from internal and external sources

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Job description

• To support the planning, coordination and evaluation of the Corporation’s marketing and business development strategies, driving business acquisition, client relationship management and market intelligence to grow the Corporation’s reinsurance portfolio. Reports to: Manager, Marketing and Development

Requirements

Academic Qualifications

• Bachelor’s degree in Science (General, Statistics or Mathematics), Actuarial Science, Commerce (Insurance, Marketing or Business Administration), Business Administration (Finance or Accounting), Business Management (Finance or Accounting), Strategic Management or an equivalent qualification from a recognised institution.
• Master’s degree in science, Actuarial Science, Mathematics, Commerce, Business Administration (MBA), Business Management (Finance or Strategic Management) or an equivalent qualification from a recognised institution.

Professional Qualifications

• Associate of the Chartered Insurance Institute (ACII – London or Kenya) or equivalent qualifications from a recognised institution.
• Membership of the Insurance Institute of Kenya (IIK) or its equivalent, in good standing.
• Management course lasting not less than four (4) weeks from a recognised institution.
• Proficiency in computer applications.

Experience

• At least twelve (12) years’ relevant work experience, three (3) of which must have been at a supervisory level in a reputable organisation.
• Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.

Other Requirements

• Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies.
• Strong analytical, negotiation and problem-solving skills, with a keen eye for detail and value for money.
• Superior planning, organising and time-management skills, with the ability to work effectively under pressure and meet tight deadlines.
• Fulfil the requirements of Chapter Six of the Constitution of Kenya.

Key responsibilities

Marketing Strategy and Business Development

• Assist in the creation and development of documentation for new products, services and infrastructure, including policies, procedures, methodologies and quality standards.
• Plan, coordinate and evaluate marketing plans and strategies in consultation with the Underwriting Division.
• Proactively assist divisional managers in the conceptual formulation, evaluation and implementation of selected business development initiatives.
• Source facultative and treaty reinsurance business from the local and international markets.
• Assist in the research and development of new products, including carrying out feasibility studies.

Client and Stakeholder Relationship Management

• Design suitable technical support and training programmes for clients.
• Identify client organisational structures and maintain a library of clients’ annual accounts and other performance records.
• Identify clients’ senior personnel by name, position held and organisational structure.
• Organise, arrange and manage activities that facilitate interaction with stakeholders, including golf tournaments, cocktails, seminars and workshops.
• Assist in local and international corporate guests’ liaison and protocol dealings.

 Market Intelligence and Reporting

• Gather market intelligence for both local and international markets.
• Compile statistics for various reinsurance activities of the Corporation and the market.
• Compile the monthly insurance/reinsurance news publication, “The Market Perspective".
• Collect annual accounts and reports of other insurance and reinsurance companies, and assist in collecting market returns, including CRESTA figures.
• File annual returns to the Insurance Regulatory Authority (IRA) and compile information for various industry publications and organs.

Marketing Materials and Client Directory Management

• Develop and review professional marketing materials (including fliers, brochures and seminar materials) to enhance the Corporation’s visibility.
• Prepare and update brochures and other publications.
• Maintain and update the Corporation’s client directory for local and international markets, including details of securities maintained.
• Keep custody of marketing reports from officers who have travelled abroad.

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Job description

To provide senior support in developing and coordinating the Corporation’s research, strategy and innovation agenda, driving data-driven insights, strategic planning and innovative product development to strengthen the Corporation’s competitive position. Reports to: Manager, Research and Development

Requirements

Academic Qualifications

• Bachelor’s degree in strategic management, Project Planning and Management, Economics, Statistics, Commerce or an equivalent qualification from a recognised institution.
• Master’s degree in strategic management, Statistics, Project Planning and Management, Economics, Business Management, Mathematics or an equivalent qualification from a recognised institution.

Professional Qualifications

• Registered member of the Statistical Society of Kenya or its equivalent, in good standing.
• Management course lasting not less than four (4) weeks from a recognised institution.
• Proficiency in computer applications.

Experience

• At least twelve (12) years’ relevant work experience, three (3) of which must have been at a supervisory level in a reputable organisation.
• Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.

Other Requirements

• Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies.
• Strong analytical, negotiation and problem-solving skills, with a keen eye for detail and value for money.
• Superior planning, organising and time-management skills, with the ability to work effectively under pressure and meet tight deadlines.
• Fulfil the requirements of Chapter Six of the Constitution of Kenya.

Key responsibilities

Strategic Planning and Performance

• Participate in the development and review of corporate strategic and business plans, objectives, strategies, budgets and policies.
• Participate in the development and implementation of the corporate strategy.
• Prepare and monitor the strategic planning process, ensuring that selected value-adding initiatives receive the highest priority.
• Communicate strategy and guide the integration of strategy into performance management systems.
• Monitor and evaluate strategy implementation and all of the Corporation’s programmes and projects.

Research, Market Intelligence and Innovation

• Coordinate research and development on insurance matters and other areas forming part of business development for the Corporation and the insurance market.
• Coordinate the collection, organisation and analysis of market data to generate research insights that give the Corporation a competitive edge.
• Conduct PESTEL and SWOT analyses within the Corporation’s markets of interest and make recommendations to management.
• Conduct regular competitor analysis to help the Corporation explore new innovations and adapt to market trends.
• Make recommendations to management on the prioritization of innovative ideas and ways of improving innovation.
• Champion innovation by analysing current situations to foster improvements, better work systems, cost savings and faster turnaround times.

Statistical Modelling and Business Analytics

• Design, develop, update and manage statistical models for premium forecasts.
• Develop, maintain and update revenue forecasting models.
• Develop detailed business analyses and prepare action plans to deliver short- and long-term results.
• Create actionable insight that informs decision-making on customer behaviour and business performance optimisation.
• Identify appropriate business analytics tools for the Corporation.

New Product Development

• Carry out new product development and generate creative and innovative ideas.
• Identify problems, opportunities and/or gaps through primary and secondary research and innovation.
• Review existing research methods and advise on the most appropriate research methodology to address business and research problems.
• Advise on research results against set action standards and recommend next steps.

Team Coordination

• Promote and monitor implementation of correct procedures throughout the Research and Analytics team.
• Initiate proposals and assess those made by others for more effective capacity-building initiatives and innovations.

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Job description

• To provide strategic and operational leadership to the Kenya Re Foundation, directing all policies, strategies, objectives and initiatives of the Foundation. This role develops and drives the corporate social investment agenda, sustainability programmes and stakeholder partnerships, ensuring measurable social impact while safeguarding the Corporation’s reputation and full compliance with the Trust Deed, governance and regulatory requirements applicable to a Government-Owned Entity. Reports to: Group Managing Director and the Foundation Board of Trustees

Requirements

Academic Qualifications

• Bachelor’s degree in business, Commerce, Social Sciences, Development Studies, Communications or a related field from a recognised institution.
• A Master's degree in business administration, Strategic Management, Development Studies, Social Sciences or an equivalent qualification from a recognised institution is preferred.

Professional Qualifications

• Membership of a relevant professional body (corporate social responsibility, sustainability or development practitioners’ institute) in good standing is an added advantage.
• Project management certification is an added advantage.
• Leadership course lasting not less than four (4) weeks from a recognised and accredited institution.
• Proficiency in computer applications.

Experience

• At least fifteen (15) years’ relevant work experience, ten (10) of which must have been in a senior management or supervisory position within the impact sector, development, foundation or related field. Experience in financial services is an advantage.
• Demonstrable team leadership experience and proven engagement with a Board of Directors or Board of Trustees.
• Proven track record of designing, managing and delivering impactful community or corporate social investment programmes, including budget management.
• Demonstrated ability to identify and leverage partner networks (development agencies, government, training firms, consulting firms, universities and internal stakeholders).

Other Requirements

• Excellent interpersonal, communication, presentation and stakeholder management skills.
• Strong strategic planning, organising, problem-solving and decision-making skills, with the ability to work under pressure and meet deadlines.
• Strong analytical, report-writing and presentation skills.
• Proven team leadership and the ability to inspire, motivate and develop others.
• Sound knowledge of governance, corporate social investment frameworks, financial controls, risk management and compliance principles applicable to a Government-Owned Entity.
• Fulfil the requirements of Chapter Six of the Constitution of Kenya.

Key responsibilities

 Strategy and Programme Leadership

• Develop, implement and periodically review the Foundation’s strategic plan, corporate social investment policy and grant-making framework in alignment with the Corporation’s overall strategy, the Trust Deed and stakeholder expectations.
• Provide strategic direction and guide the development of Foundation unit strategies, ensuring effective balance between long-term and short-term initiatives.
• Identify priority focus areas (including education, health, environment and financial inclusion) and design sustainable, high-impact programmes.
• Develop and present the annual Foundation strategy and budget to EXCO and the Board for approval and prudently manage resources within approved guidelines.
• Drive implementation of strategies and plans, ensuring consistency and coordination between the Foundation, Kenya Re business units and external partners.

Partnerships, Stakeholder Engagement and Visibility

• Build and maintain strategic long-term relationships with government agencies, development partners, NGOs, communities, donors and other key stakeholders.
• Recruit complementary partners (capital and skills) and successfully conclude partnership agreements.
• Serve as the public face of the Foundation, maintaining visibility through media, annual and quarterly reports, newsletters, fundraising materials, press releases and other marketing channels.
• Represent the Foundation and the Corporation at public forums, programme launches, community events and promotional activities.

Programme Implementation, Impact and Resource Management

• Oversee the design, rollout and monitoring of grant and community programmes, ensuring funds are utilized effectively, transparently and in accordance with the Trust Deed.
• Develop and track impact metrics and ensure robust monitoring, evaluation and learning systems are in place.
• Prepare periodic impact and performance reports for the Board of Trustees, Group Managing Director and other stakeholders.
• Manage the assets, resources and finances of the Foundation, optimize procurement processes and drive efficiencies of spend across initiatives.
• Monitor the Foundation portfolio to ensure quarterly targets and budgets are met.

Governance, Risk and Compliance

• Ensure the Foundation operates strictly within its constitutive mandate under the Trust Deed and complies with all applicable laws, regulations and Corporation policies.
• Provide secretarial support to the Foundation’s Board of Trustees / Advisory Board, including preparation and presentation of Board papers.
• Oversee the development of risk metrics and risk appetite thresholds; drive a culture of proactive compliance and escalate potential reputational risks timeously.
• Maintain the Foundation in good standing as a charitable organization under national law and preserve its tax status.

People Leadership and Organizational Capability

• Provide inspirational leadership to the Foundation’s staff and any seconded or support personnel, including recruitment, development, retention and performance management.
• Build organizational capability by evaluating future skills requirements and ensuring staff are provided with appropriate development opportunities.
• Promote a culture in which the values of the Corporation are lived, and ensure effective coaching, mentoring, delegation and employee engagement.

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Job description

• To provide independent and objective audit assurance and advisory services to the Board, the Group Managing Director and other stakeholders on whether the Corporation’s resources and assets are utilised efficiently and for the intended purposes, internal controls are effective and/or efficient, and risk management and corporate governance processes are sound and well managed, in line with the requirements of a Government-Owned Entity. In areas of weakness in governance, risk management and internal controls, provide pragmatic recommendations on their improvement in line with achieving the Corporation’s strategic objectives. Reports to: Functionally to the Board Audit Committee; Administratively to the Group Managing Director

Requirements

Academic Qualifications

• Bachelor’s degree in commerce, Business Administration (Finance or Accounting), Business Management (Finance or Accounting), Economics, Strategic Management or an equivalent qualification from a recognised institution.
• Master’s degree in commerce, Business Administration (Finance or Accounting), Business Management (Finance or Accounting), Strategic Management or an equivalent qualification from a recognised institution.

Professional Qualifications

• Certified Public Accountant (CPA-K) by KASNEB or equivalent from a recognised institution.
• Certified Information Systems Auditor (CISA).
• Registered member in good standing of the Institute of Certified Public Accountants of Kenya (ICPAK), ISACA, or the Institute of Internal Auditors (CIA).
• Leadership course lasting not less than four (4) weeks from a recognised and accredited institution.
• Proficiency in computer applications.

Experience

• At least fifteen (15) years’ relevant work experience, ten (10) of which must have been in a senior management or supervisory position.
• Demonstrable team leadership experience and proven engagement with a Board of Directors or Board Committee.​​​​​​​

Other Requirements

• Excellent interpersonal and communication skills.
• Strong planning, organising, problem-solving and decision-making skills, with the ability to work under pressure and meet deadlines.
• Strong analytical, report-writing and presentation skills.
• Proven team leadership and stakeholder management skills.
•  Sound knowledge of governance, auditing concepts, internal controls and risk management principles.
• Fulfil the requirements of Chapter Six of the Constitution of Kenya.

Key responsibilities

Audit strategy and planning

• Oversee the preparation and implementation of audit policies, procedures, engagement plans and the annual internal audit work plan.
• Develop, implement and monitor the Internal audit strategy in alignment with the Corporation’s overall strategic objectives.
• Oversee the development and implementation of the strategic and annual internal audit plans, monitor and control audit projects to ensure conformity with approved plans and Global Internal Audit Standards.

Board and Audit Committee Support

• Serve as secretary to the Board Audit Committee and provide full secretarial and technical support to the Committee.
• Prepare and present internal audit reports and Board papers to the Board Audit Committee and support the preparation and presentation of Board papers across the Group as required.
• Liaise with the Audit Committee and the Group Managing Director on all internal audit matters.

Governance, Risk Management and Controls’ Assurance

• Provide advice on the effectiveness and/or efficiency of internal controls.
•  Oversee the conduct of risk-based, value-for-money and systems audits to strengthen internal control mechanisms.
• Evaluate the effectiveness of the Corporation’s governance processes.
• Test compliance with controls in functional areas and report findings to management and the Audit Committee.
• Test the efficacy of the risk management systems and provide an independent and objective opinion thereon.
• Assess residual risk in audited areas and report the assessment to management and the Audit Committee.

Compliance and Reporting

• Ensure that audit findings and recommendations are clearly communicated to management through formal audit reports.
• Oversee audit compliance with all relevant laws, regulations, circulars and the Corporation’s policies.
• Ensure quarterly and annual internal audit reports are prepared and submitted promptly as required.

External Coordination and Quality Management

• Coordinate the internal audit effort with external auditors and the Office of the Auditor-General, make working papers and reports available, highlight areas of high risk and minimise duplication of audit effort.
• Serve as the key contact person with the Office of the Auditor-General on all internal audit and related assurance matters.
• Ensure the mainstreaming of quality management practices and risk management across the Corporation in line with the requirements of a Government-Owned Entity.