Job Openings at Britam

Job Purpose and Key responsibilities

Reporting to the Chief Actuary, the role holder will provide actuarial support to business and participate in overall risk management for the company. He/she is expected to lead and manage a team that is all rounded and highly motivated to achieve both their personal and career objectives.

Key responsibilities

• Provide input into underwriting strategy and rules for General Insurance, Kenya insurance business
• Analyse statistical data in order to determine rates for different risks in acceptance of proposals for new policies and products in conjunction with the underwriting department 
• Review the product performance with regards to their claims and expense experience and advise on appropriate pricing.
• Provide analysis to support the application of appropriate reinsurance arrangements and provide inputs to the reinsurance management strategy. 
• Working with the risk and compliance department in the measurement quantification of operational risk in General Insurance, Kenya business
• Provide leadership to the team in determining and calculating all GI insurance contract reserves.
• In charge of developing the Asset Liability Management framework for the general  business and working closely with the Capital management team and the investment team to actualize the ALM framework.
• Coordinate the preparation of business plans/budgets and capital management initiatives for the life business.
• Provides input to the enterprise risk management by conducting stress and scenario testing, reviewing the risk appetite statements, etc.
•  Ensuring compliance to IRA regulation and other relevant regulations.
• Supervising, mentoring and coaching staff under supervision
• Work closely with the finance function, appointed actuary and external auditor in the preparation of financial statements and the disclosure requirements.
• Be highly conversant with IFRS 17 requirements and have the relevant skills to implement the new standard.
• Make presentations to management and board on the performance of the business, including financial impacts of actions taken by management and the board.
• Perform any other duties as may be assigned from time to time.

Key Performance Measures

• As described in your Personal Scorecard

Knowledge, experience and qualifications required

• University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency
• 7-9 years’ of relevant actuarial experience in an actuarial function with a company with a similar  maturity level as Britam. 
• Fellow of the Institute of Actuaries or any other recognised actuarial body.

Change Leaders in Britam need to:

• Strategically lead a function to service customers from a sustainable and growing customer base whilst increasing profit;
• Continuously configure and adapt the functional area to most effectively suit the future view of the business;
• Introduce new concepts so that they are adopted appropriately at the right time (manage the rate of change);
• Be in touch with the changing industry, customer needs and international best practice; 
• Improve the efficiency of the function by appropriately challenging managers about operational and tactical issues; 
• Ensure the function has the most appropriate people capability through effective inspirational leadership, people development, and optimised succession planning; 
• Ensure clarity of expectations for individuals in the function and other stakeholders across the group;
• Facilitate functional integration; 
• Ensure the development and establishment of appropriate behaviour and values (culture) within the function that aligns with the strategic direction and values of the business; 
• Co-ordinate between functions and divisions to ensure optimisation of the value chain and resources; 
• Ensure alignment of strategy, objectives and deliverables within the function;
• Develop innovative partnerships and distribution channels to increase Britam’s market penetration;
• Ensure a seamless experience for clients;
• Appropriately allocate funds and capital to maximise shareholder value;
• Adequately manage operational risk;
• Increase operational efficiency; 
• Provide access to accurate and consistent information and services across all channels;
• Improve quality and speed of decision making across the business.

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Job Purpose and Key responsibilities

Reporting to the Corporate Audit Assurance Manager, the role holder will be responsible for conducting internal audits in line with the audit plan or as requested by the board or audit committee.

Key responsibilities

• Identify and critically evaluate elements of governance and risk management in the service, design appropriate risk management and mitigation strategies for implementation
• Plan and execute internal audits in accordance with International standards on professional practice of internal audit and department’s audits methodology 
• Develop, consultation with Corporate Audit Assurance Manager, detailed audit programmes based on the documented procedures and best practice, for each identified audit project, giving special attention to potential risk areas. 
• Carry out detailed audit tests on all the Group’s operations based on standard audit programmes in accordance with the approved Annual Audit Plan. This includes review of operations, highlighting areas of internal control weakness and making recommendations to improve efficiency. The jobholder may change the scope of the audit if actual circumstances in the field so demand.
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Ensure detailed audit tests are performed on all the Group’s operations based on Standard audit programmes in accordance with the approved annual audit plan. This includes recommendations to improve efficiency. The job holder may change the scope of the audit if actual circumstances in the field so demand.
• Determine internal audit scope for particular assignments
• Maintain open communication with management and audit department management
• Develop new continuous improvement initiatives, evaluate the adequacy of internal control systems
• Gather adequate audit evidence to support findings and suggestions for improvement. 
• Discuss with the Internal Manager on the appropriate method in gathering audit evidence, depending on the actual circumstances encountered in the field in the course of the field work, the jobholder will constantly discuss the findings of the business so that only unresolved issues appear in the final report. 
• Pay visit to Regional and Branch offices to ensure operations are in line with the Group. 
• Assisting the Corporate Audit Assurance Manager in the review and documentation of existing accounting, administrative and internal control systems for adequacy and effectiveness and making recommendations for improvement. This will cover the Group operations and call for a thorough understanding of all the Group’s operations.
• Work with the Corporate Audit Assurance Manager in verifying compliance with all the relevant legislation and regulatory requirements. 
• Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard and Personal Scorecard.

Key Performance Measures

• As described in your Personal Scorecard

Knowledge, experience and qualifications required

• Bachelor’s degree in relevant field
• CPA (K) certified is a requirement
• Certified Information Systems Analyst (CISA) and Certified Financial Analyst (CFA); KASNEB are an added advantage
• 4-6 years working experience in an Audit related field.

Emerging Leaders in Britam need to:

• Plan, direct and apply efficiencies and resources in order to optimise output and profitability against time, cost and team targets;
• Effectively communicate strategic and operational departmental goals and objectives to peers and others in order to ensure proper implementation;
• Ensure that department priorities are adhered to and effectively communicated;
• Ensure competent and effective people resources through appropriate coaching, development and people supervision as appropriate;
• Embody a high performance, proactive culture;
• Effectively ensure the adherence to key performance areas, deadlines and goals in order to optimise operational effectiveness;
• Effectively communicate resource needs, possible opportunities and achievements to management in order to aid them in their decision-making;
• Effectively set and monitor priorities and objectives for more junior staff;
• Understand and communicate objectives in relation to the larger organisational impact;
• Effectively disseminate knowledge within the correct context, towards subordinates as well as management;
• Appropriately model the company values while setting the pace and energy for delivering;
• Effectively manage and communicate change within the department in order to increase staff and process effectiveness;
• Provide access to accurate and consistent information and services across all channels; 
• Ensure a seamless experience for clients;
• Improve service delivery for clients;
• Engage in continuous brand building to become the trusted partners to clients.

Technical/ Functional competencies

• Knowledge of internal audit procedure
• Decision making –ability to make strategic decisions in a timely and effective manner 
• High moral and ethical standing
• Highly motivated

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Job Purpose and Key responsibilities

Reporting to the GM Corporate Business Development,the role holder will be responsible for top-line growth in sales to corporate customers through Institutional Clients of Asset Management Company (AMC).

Key responsibilities

• Drive sales revenue budget and Corporate Customers numbers through institutional client
• Collaborate with other Business Development Managers i.e. Corporate Brokers, IFA/Branch as needed to coordinate sales strategy and cross-selling of products
• Collaborate with Senior Manager 3rd Party Portfolio on establishing client trust and growing customer base
• Manage high-level relationship with Institutional clients
• Delegated Authority:  As per the approved Delegated Authority Matrix
• Perform any other duties as may be assigned from time to time.

Key Performance Measures

• Drive increase in number of Institutional clients
• Drive increase in Assets Under Management from Institutional clients
• Drive increase in sales of insurance products to Institutional clients
• Drive retention of Institutional/corporate AMC clients

Knowledge, experience and qualifications required

• Bachelor’s degree in relevant field (i.e. Commerce, Marketing etc.)
• Relevant professional qualification.
• 7 - 10 years sales management experience in the financial services sector 3 - 4 of which must be in a management position
• Knowledge of asset management regulatory requirements
• Knowledge of asset management products
• Sales and marketing management skills

Change Leaders in Britam need to:

• Strategically lead a function to service customers from a sustainable and growing customer base whilst increasing profit;
• Continuously configure and adapt the functional area to most effectively suite the future view of the business;
• Introduce new concepts so that they are adopted appropriately at the right time (manage the rate of change);
• Be in touch with the changing industry, customer needs and international best practice; 
• Improve the efficiency of the function by appropriately challenging managers about operational and tactical issues; 
• Ensure the function has the most appropriate people capability through effective inspirational leadership, people development, and optimized succession planning; 
• Ensure clarity of expectations for individuals in the function and other stakeholders across the group;
• Facilitate functional integration; 
• Ensure the development and establishment of appropriate behavior and values (culture) within the function that aligns with the strategic direction and values of the business; 
• Co-ordinate between functions and divisions to ensure optimization of the value chain and resources; 
• Ensure alignment of strategy, objectives and deliverables within the function;
• Develop innovative partnerships and distribution channels to increase Britam’s market penetration;
• Ensure a seamless experience for clients;
• Appropriately allocate funds and capital to maximize shareholder value;
• Adequately manage operational risk;
• Increase operational efficiency; 
• Provide access to accurate and consistent information and services across all channels;
• Improve quality and speed of decision making across the business.