Job Openings at CIC Insurance

PURPOSE

The job holder shall provide leadership to the team in pursuing growth of pensions and annuity revenues, administration, processes, client services and production of client reports with the aim of offering excellent service and experience.

PRIMARY RESPONSIBILITIES

• Aggressive growth of pension business and growth of market share;
• Play a key role in sales and acquiring of new schemes and growth of our Pension Business within the Cooperative Space;
• Enhance distribution channels that support optimal growth of Pension and Annuity Business profitably;
• Ability to innovate and digitize our pension offerings to the market;
• Basic knowledge on IRA and RBA regulations and experience in pension administration and stakeholder engagement;
• Educate, improve and create awareness on our digital portals for self-service to our valued clients;
• Grow Annuity business profitably in line with Investments returns;
• Provide excellent customer service to scheme members, trustees, service providers and business partners by responding to enquiries & requests relating to schemes provisions & benefits payments;
• Organize and attend quarterly trustee meetings, AGM’s and member education days;
• Oversee the fund reconciliations preparation of schemes financial statements and monitoring the performance of guaranteed fund;
• Develop pension and annuity business proposals, quotations, policy documents & Service Level Agreement/ Administrator’s agreement & brochures, Drafting of Trustee Deed & Rules;
• Oversee the issuance of members’ annual statements after interest declaration;
• Monitor trends in the industry and communicate to all stakeholders;
• Review and submit reports and returns to management and regulators;
• Develop and review policies and procedures of Pensions and Annuities to ensure that they are compliant;
• Design and register new schemes with regulators;
• Participate in sales acquisition prospects for pensions and annuities;
• Provide input on pensions and annuity product development and ICT systems; and
• Approve payments of service providers & intermediaries.

GENERIC DUTIES

• Carry out performance appraisal, coaching and mentoring staff;
• Resource allocation, staffing and leave approval;
• Plan and budget for the department; and
• Participate in various meeting and committees and acting as spokesperson on behalf of the company.

PERSON SPECIFICATION

Academic Qualifications

• Bachelor’s degree in a business or related field

Professional Qualifications

• Diploma in ACII/IIK- Specialization in Life Insurance/Pensions
• TPDK certification is an added advantage

Experience

• Minimum of six (6) years’ relevant experience, two (2) of which at supervisory level

Skills and Attributes

• Excellent communication and presentation skills
• Business Development Skills
• Problem solving skills
• Excellent interpersonal skills
• Leadership skills
• Good negotiation skills
• Good analytical skills
• Computer literate in MS Office and other office applications
• Understanding of the working environment /competitors
• Technical competence in insurance
• Basic knowledge of regulations by AKI and IRA

go to method of application »

PURPOSE:

Responsible for the overall financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability for the subsidiary.

PRIMARY RESPONSIBILITIES:

• Review for adequacy operational and financial controls in the business (systems, processes and people) and recommend changes to the management;
• Review and file returns to the regulator and other statutory bodies on monthly, quarterly and yearly;
• Review the completeness of the asset register and confirm that it is in line with the company accounts;
• Confirm investment in company assets are within company investment policy statement and guided by the Insurance Act and advice the fund management monthly;
• Review management and financial reports for completeness and preparation of board papers on a monthly and quarterly basis respectively;
• Prepare and compile company budgets annually and analyse financial reports and report variance against budget on a monthly basis;
• Approve payments and check that all accounting transactions are posted to the correct cost centres;
• Coordinate external and internal audits;
• Manage cash flows, control costs and action on audit recommendations;
• Liaise with external stakeholders e.g. banks, IRA, KRA towards enhancement of company operations.

GENERIC DUTIES

• Carry out performance appraisal, coaching and mentoring staff;
• Resource allocation, staffing and leave approval;
• Participate in planning and budgeting for the department;
• Participate in various meeting and committees and acting as spokesperson on behalf of the company.

PERSON SPECIFICATIONS

 Academic Qualifications

• Bachelor’s degree in Finance, Accounting, Business or in a related field.
• A Master’s degree an added advantage

Professional Qualifications

• CPA (K) or ACCA/CFA is a requirement

Experience

• Minimum of eight (8) years’ relevant experience in a similar position, three (3) of which at supervisory level

Skills and Attributes

• Excellent communication and presentation skills
• Problem solving skills
• Excellent interpersonal skills
• Leadership skills
• Good analytical skills
• Computer literate in MS Office and other office applications
• Knowledge of Business Environment

go to method of application »

PURPOSE:

• To facilitate transport of staff on official duties within the designated area.

PRIMARY RESPONSIBILITIES:

• Drive staff to scheduled destinations using designated pool vehicles;
• Maintain the vehicles in a good serviceable condition;
• Carry out efficient delivery of mails and parcels to the outlets, Branches and other destinations as requested;
• Maintain compliance of the vehicles with the traffic and safety regulations and
• Manage company vehicles and other resources efficiently and cost effectively.
• Picking up office purchases or other administrative needs.
• Utilizing navigation apps to find the most optimal route.

PERSON SPECIFICATIONS

Academic Qualifications

• Diploma in a relevant field.

Professional Qualifications

• Defensive driver Training and certification.
• Certificate of good conduct
• BCE

Experience

• Minimum of 4 years of relevant experience.

Skills and Attributes

• Excellent communication and presentation skills
• Excellent interpersonal skills
• Excellent customer care skills