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Background
Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971.
Kenya Re’s core activity is providing reinsurance services for most classes of business.
Since its inception, Kenya Re has p...
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MANAGER INTERNATIONAL BUSINESS - GRADE (KRC 4C) REF NO: KRC/HR/2025/001
Job Purpose.
- This job role is responsible for managing the international business division of the company.
Primary Responsibilities
Duties and responsibilities at this level will entail: -
- Develop and manage treaty reinsurance programs, ensuring profitability and alignment with company objectives.
- Underwrite and manage facultative reinsurance risks in line with Kenya Re's risk appetite and capacity.
- Negotiate treaty and facultative terms, pricing, and coverage with international cedants, brokers, and reinsurers.
- Analyze and monitor the performance of treaty and facultative portfolios, recommending improvements where needed.
- Build and maintain strong relationships with international clients, brokers, and reinsurers to drive business growth.
- Identify and pursue new international reinsurance opportunities to expand Kenya Re's market presence.
- Represent Kenya Re at international forums to enhance visibility and strengthen client relationships.
- Ensure compliance with regulatory requirements, risk management policies, and industry best practices.
- Prepare and present reports on international business performance and market trends to senior management.
- Provide leadership, mentorship, and technical guidance to the international business team, fostering professional growth.
Academic Qualifications
- Bachelor’s degree in a Business-related field or its equivalent from a recognized institution.
- Master’s degree in any field or equivalent from a recognized institution will be an added advantage.
Professional Qualifications
- Diploma in Insurance (AIIK), (ACII)
- Professional Membership with the Association of Insurance Institute of Kenya (AIIK) or (ACII)
- Fulfilled the requirements of Chapter six of the constitution.
Experience
- At least ten (10) years relevant work experience
Other Requirements
- Possess excellent interpersonal and communication skills.
- Excellent planning organizing, problem solving and abilityto work under pressure to meet deadlines.
- Strong analytical and critical thinking skills.
- Team player with excellent analytical and presentation skills.
- Knowledge of auditing concepts and principles.
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ASSISTANT MANAGER LOCAL BUSINESS - GRADE KRC 3C REF NO: KRC/HR/2025/002
Reports to: Manager- Local Business
Job Purpose.
This job role is responsible for Assisting the Manager in organizing and coordinating underwriting activities within the Department with a view to meetingproduction/profitability targets
Primary Responsibilities
Duties and responsibilities at this level will entail: -
- Responsible for revenue growth and profitability of treaty and facultative book.
- Reviewing clients’ business proposal and offers.
- Reviewing adequacy of conditions imposed on different types of reinsurance proposals, drawing up agreements and compiling contract wording according to Kenya Re’s best practises and retrocession treaty terms.
- Liaising with specialists such as risk surveyors, loss adjustors, actuaries and engineers for risk assessment.
- Rating, underwriting and monitoring performance of non-life reinsurance accounts within the corporate underwriting guidelines
- Responsible for technical statistics for management, needed in decision making
- Managing the relationship with existing new or prospective contacts.
- Identify initiatives to generate interests in cedants for profitable business development.
- Marketing the business to both existing and potential markets.
- Ensure prompt responses to queries from cedants and brokers on statement of accounts, facultative and claim settlements.
- Analyse portfolio performance per market, class, cedants and contract.
Person Specifications
Academic Qualifications
- Bachelor of Commerce or business-related degree
- Master’s degree in any field or equivalent from a recognized institution will be an added advantage.
Professional Qualifications
- Diploma in Insurance in (AIIK)
- Member of recognized professional with the Association of Insurance Institute of Kenya (AIIK) or (ACII).
- Fulfilled the requirements of Chapter six of the constitution.
Experience
- At least ten (10) years of work experience with 5 years in managerial/supervisory role
Other Requirements
- Possess excellent interpersonal and communication skills.
- Excellent planning organizing, problem solving and ability to work under pressure to meet deadlines.
- Team player with excellent analytical and presentation skills.
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ASSISTANT MANAGER ACTUARIAL - GRADE (KRC 3C) REF NO: KRC/HR/2025/003
Reports to: Manager Actuarial
Job Purpose.
- This job role actuary is to provide independent advice on the financial risks facing an insurer; determine profitability and sustainability of coverage of policies. The primary responsibility is to assess and manage the financial risks associated with reinsurance contracts and portfolios.
Primary Responsibilities
Duties and responsibilities at this level will entail: -
- Assist in computations and in interpretation of statutory and regulatory requirements in relation to actuarial functions, capital adequacy, technical provisions, retrocession arrangements and premium levels.
- Participate in cross- functional teams to develop enhanced systems/processes/programs/policies to support business needs.
- Participate in assessing risks associated with different reinsurance contracts, products and assist underwriters in evaluating their potential profitability.
- Research and train internal and external clients.
- Prepare actuarial valuation for general and life business lines for quarterly and statutory returns as well as Management and board reporting.
- To support the development of new reinsurance products that meet market demands and corporations’ profitability targets by assessing the potential losses and profitability of such offerings/products.
- Assist underwriting functions on pricing and or reserving of life, health and non-life as well as review of investment policy and results of asset liability and modelling.
- Assist in computation of cashflows and financial disclosures under IFRS 17.
- Assist the head of department in collating and coordinating information with external auditor, credit rating agencies, regulators and other stakeholders.
Person Specifications
Academic Qualifications
- A relevant bachelor’s degree from a recognized institution.
- Master’s degree in any field or its equivalent from a recognized institution will be an added advantage.
Professional Qualifications
- Be a member of Institute of Faculty of Actuaries (IFOA) or its equivalent with a minimum of 11 actuarial papers completed. (Attach evidence of papers passed)
- Member of recognized professional actuarial body.
- Fulfilled the requirements of Chapter six of the constitution
Experience
- At least seven (7) years relevant work experience with at least three (3) years in Management.
- Demonstrate team management experience and Board reporting.
- Experience in IFRS 17 reporting and modelling will be an added advantage.
- Understanding IFRS 9 and relevant disclosures will be an added advantage
Other Requirements
- Possess excellent interpersonal and communication skills.
- Excellent planning organizing, problem solving and ability to work under pressure to meet deadlines.
- Team player with excellent analytical and presentation skills.
- Knowledge of auditing concepts and principles.
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SENIOR ACTUARIAL OFFICER - GRADE (KRC 3A) REF NO: KRC/HR/2025/004
Reports to: Manager Actuarial
Job purpose
- The job holder is responsible for assessing and managing risk by analyzing data, and other factors to determine appropriate pricing for reinsurance products. To design and evaluate contracts, ensure financial reserves are adequate and assist in regulatory compliance.
Primary responsibilities
- Prepare Statutory regulatory returns addressing areas such as capital adequacy, technical provisions, and retrocession arrangements, claim reserves and pricing of risks.
- Undertake risk analysis on existing and new reinsurance contracts and evaluate their potential profitability.
- Assist in undertaking research,training and actuarial valuations.
- Participate and contribute in development of new reinsurance products and other innovations in the corporation.
- Participate in corporation-wide and industry wide activities geared towards better policy guidelines and industry knowledge.
- Coordinate information flow with external auditors, credit rating agencies, regulators and other stakeholders.
- Prepare and compute cashflows and financial disclosures under IFRS 17.
- Undertake review of Investment policy statements (IPS) and advise on the outcomes of asset liability modelling.
Requirement/Person Specifications
Academic Qualifications
- Should be holders of a relevant Bachelor’s degree from a recognised institution.
Professional Qualifications
- Must have passed at least seven (7) actuarial professional papers from a recognized actuarial professional body. (Attach evidence of papers passed)
Experience
- Have at least five (5) years relevant work experience
- Be a member of recognized professional actuarial body.
- Exposure to IFRS 17 reporting and modelling.
- Demonstrate team participation and exposure of reporting to management
- Must fulfill requirements of Chapter six of the constitution.
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PROJECTS OFFICER - GRADE (KRC 3B) REF NO: KRC/HR/2025/005
Reports to: Manager Property
Job Purpose.
- This job role is responsible for ensuring the successful execution of all the Corporation’s projects and maintaining the highest standards of governance throughout the project lifecycle.
Primary Responsibilities
Duties and responsibilities at this level will entail: -
- Establishing policies and guidelines for effective and efficient projects governance and management.
- Critique annual budget proposals and business case for any project before they undergo approval process.) During procurement process, critique the adequacy of user requirements and evaluation criteria before floating of tender documents.
- Provide oversight over any ad hoc project management against projects policies and guidelines to ensure delivery of projects with full benefits realization. During project implementation, perform continuous monitoring of the projects phases to verify that each milestone is delivered satisfactory to the required quality, in time and within budget.
- During post project-implementation, to ensure:
- Project deliverables have been fully handed over to the Corporation,
- Projects knowledge database is updated,
- Project files are kept in order for future reference,
- Evaluation of projects benefits, among others.
- Oversee the management of all capital projects, ensuring compliance with approved budgets, timelines and quality standards.
- Supervise property department service contracts, ensuring effective execution and alignment with corporate standards.
- Prepare and review project specifications, tender documents, and procurement contracts for capital projects and service agreements.
- Manage and supervise building maintenance technicians, contractors, and construction teams across Kenya Re sites in Kenya, Zambia, Uganda, and West Africa.
- Conduct regular site visits to monitor project progress, document findings, and ensure adherence to contractual obligations.
- Process project-related documents, including minutes, reports, feasibility studies, appraisals, audits, and payment certificates.
- Act as the central liaison between technical teams and Kenya Re management by preparing progress reports, financial appraisals, and board papers.
- Oversee repairs, refurbishments, renovations, and maintenance of Kenya Re commercial properties across multiple regions.
- Track and manage contract costs for maintenance and capital projects, ensuring accurate budgeting and cost control
- Provide professional advice and progress updates to departmental and divisional management, as well as the Board, on all ongoing projects and contracts.
Academic Qualifications
- Bachelor’s degree in any of the following disciplines: Bachelor of Science in Project Management or its equivalent from a recognized institution.
- Master’s degree in any field or equivalent from a recognized institution will be an added advantage.
Professional Qualifications
- Possession of certification in Project Management such as Project Management Professional (PMP) or Prince2 Practitioner.
- Certification in change management is an added advantage.
- Fulfilled the requirements of Chapter six of the constitution.
Experience
- At least three (3) years relevant work experience
- Proficiency in project management tools.
- Experience in projects quality assurance is added advantage.
Other Requirements
- Possess excellent interpersonal and communication skills.
- Excellent planning organizing, problem solving and ability to work under pressure to meet deadlines.
- Strong analytical and critical thinking skills.
- Team player with excellent analytical and presentation skills.
- Knowledge of auditing concepts and principles
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EXECUTIVE ANALYST- GRADE (KRC 3A) REF NO: KRC/HR/2025/006
Job Purpose.
The Executive Analyst to the CEO is a strategic and highly skilled professional responsible for supporting the CEO in driving organizational goals. This role combines administrative expertise, strategic insight, and operational leadership to ensure the seamless functioning of the CEO’s office. The individual will act as a key representative of the CEO, managing communication, attending high-level meetings, and overseeing the execution of critical initiatives.
Primary Responsibilities
Duties and responsibilities at this level will entail: -
- Act as a trusted advisor to the CEO, providing insights, analysis, and recommendations on strategic initiatives.
- Represent the CEO in meetings and engagements, ensuring alignment with the corporation’s vision and goals.
- Oversee the preparation and review of reports, presentations, and briefings for internal and external stakeholders.
- Coordinate the implementation of strategic projects and initiatives across departments.
- Monitor and report on the progress of corporate objectives, identifying and addressing bottlenecks.
- Act as the liaison between the CEO’s office and senior management to ensure timely decision-making and execution.
- Manage and prioritize the CEO’s schedule, ensuring optimal use of time for strategic activities.
- Draft high-level correspondence, speeches, and statements on behalf of the CEO.
- Build and maintain strong relationships with internal teams, board members, government officials, and industry stakeholders.
- Facilitate cross-departmental collaboration by fostering communication and alignment on strategic priorities.
- Lead or participate in special projects and task forces as assigned by the CEO.
- Serve as the CEO’s proxy in selected meetings and decisions, ensuring consistency in messaging and organizational goals.
- Oversee the administrative operations of the CEO’s office, ensuring confidentiality and efficiency.
- Supervise and mentor junior staff within the CEO’s office as required.
Person Specifications
Academic Qualifications
- Bachelor’s degree in business administration, Management, or a related field from a recognized institution.
- Master’s degree in any field or its equivalent from a recognized institution will be an added advantage.
Professional Qualifications
- Familiarity with the insurance/reinsurance or financial services industry is preferred.
- Proven ability to handle high-level communications and represent senior leadership effectively.
- Fulfilled the requirements of Chapter six of the constitution.
Experience
- At least five (5) years of experience in a similar role, including experience in executive support, strategic planning, or project management.
Other Requirements
- Strategic Thinking: Ability to anticipate challenges, align organizational efforts, and prioritize effectively.
- Exceptional Communication: Strong written and verbal communication skills, including drafting professional correspondence and reports.
- Project Management: Proven ability to oversee multiple initiatives and ensure timely completion. Interpersonal Skills: Skilled in building relationships with stakeholders at all levels.v
- Analytical Skills: Competence in analyzing data, preparing reports, and providing actionable insights.
- Leadership & Initiative: Ability to take ownership, lead tasks independently, and act decisively on behalf of the CEO.
- Confidentiality: Maintain high ethical standards and confidentiality when handling sensitive matters.
Work Environment:
- Based in Nairobi, Kenya.
- Occasional travel may be required for meetings and engagements.
Method of Application
Applicants should indicate on the CV their current/last salary and whether they are persons living with disability. They should post or email as attachments their CV and cover letter quoting the relevant Job Ref No. outlining how they meet requirements for the position to: -
The Human Resource Manager
Kenya Reinsurance Corporation Limited
P. O Box 30271, 00100 GPO NAIROBI
E-mail: hr@kenyare.co.ke Closing Date: 17th February 2025
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