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  • Posted: Aug 7, 2020
    Deadline: Aug 14, 2020
  • Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
    Read more about this company


    Manager - Finance Reporting, General Insurance Kenya

    Job Summary

    Reporting to the Finance Manager, the incumbent will be responsible for Financial reporting and planning, statutory reporting and re-insurance reviews, Performance monitoring – through implementing business metrics in order to closely monitor profitability, Offering effective support to the business and Balance sheet substantiation.

    Key Responsibilities:

    • Offering effective support to the business.
    • Spearheading the planning and forecasting process and reviewing of financial reports.
    • Strategic planning and analysis, including capital and balance sheet planning to ensure appropriate use of capital and also to ensure that the entity is solvent in accordance to the regulations.
    • Training and coaching team members to ensure appropriate skill set for reporting team and effective succession planning.
    • Ensure optimal business performance by ensuring risks and control weaknesses are adequately mitigated.
    • Implementing performance monitoring metrics for the business in order to closely monitor profitability.
    • Attendance and presentation of financial performance at various company and regional meetings.                                                                                                                                        Facilitating interim and full year audits and preparation of annual financial statements
    • Ensuring no legal compliance breaches by submitting all regulatory returns within the stipulated timelines
    • Adhering to business planning and reporting timelines
    • Continuous Improvement of performance monitoring metrics for the various distribution channels
    • Engaging the business on the various reports including financials and functional reports and attendance of meetings for the various functional departments.


    • Undergraduate degree preferably Bachelor of Commerce - Finance option
    • Masters’ degree/MBA Finance
    • Certified Public Accountant CPA(K) - Member of ICPAK
    • 5 years’ experience (Minimum 2 years in the insurance industry is preferred)

    Skills and Competencies:

    • Financial and management accounting
    • Problem Resolution
    • Strategic Planning and Analysis
    • Budgeting and Forecasting
    • Capital and cash flow planning

    go to method of application »

    Manager - Reinsurance and Marine, General Insurance Kenya

    Job Summary

    Reporting to the Group Underwriting Manager & Reinsurance the incumbent will be responsible for management, administration and control of the reinsurance department to ensure quality and timely service to both internal and external customers.

    Key Responsibilities:

    • Ensure effective management and administration of Reinsurance programs including technical support to the regional offices on need basis
    • Analyze the company’s reinsurance needs; propose a suitable program for the year and assist in negotiating terms with re-insurers so as to ensure capacity to write business costs effectively
    • Source for and accept quality and properly rated facultative business to ensure growth of business
    • Ensure profitable growth of the Marine cargo & Hull insurances
    • Place both new and renewal facultative business with (re)insurance companies to ensure the company is not over-exposed
    • Follow-up on GI and Health treaty and facultative recoveries including “cash calls” in order to reduce the claim costs
    • Seek authority for the placement of risks overseas from Insurance Regulatory Authority and source for markets to place the risks
    • Ensure reinsurance statistics and proposals are correctly prepared for both Insurance Regulatory Authority (IRA) and re-insurers to assist in obtaining treaties
    • Preparation of management reports on the department as required to show the status of the department
    • Supervise, train, mentor and coach staff to ensure motivation.
    • Ensure that premiums due to re-insurers are paid, and monies due to the company are collected 
    • Ensure timely collection of facultative and marine premium
    • Ensure timely and accurate FACULTATIVE AND TREATY CLAIMS RECOVERY – both GI and Medical.
    • Facilitate renewal of treaties
    • Source terms from quality and approved reinsurers for mega and complex risks that require reinsurance support
    • Daily check of booked transactions and ensure all are correctly and accurately ceded/captured in the system and treaty
    • Ensure all risks above treaty are properly reinsured, zero exposure
    • Monitor and liaise with Underwriting Managers to ensure no excluded risk is accepted
    • Liaise with Underwriting managers and ensure policy documents are aligned to the treaties including any treaty changes/terms, system changes
    • Train staff on reinsurance treaty and sign-off by staff -every year after renewal
    • Ensure Reinsurance strategy is prepared, approved by board and implemented


    • 1st Degree
    • ACII or equivalent
    • 5 years preferably in Reisurance and Marine

    Skills and Competencies:

    • Good analytical and assessment skills
    • Good communication skills
    • Knowledge of the political, social and economic landscape
    • Diplomatic and tactful
    • Honesty and integrity

    Method of Application

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