Vacancies at Madison Group Limited

The Role

Duties

• Promote sale of life insurance products for bank customers
• Establish, develop, and maintain positive business and customer relationships.
• Expedite the resolution of customer problems and complaints to maximize satisfaction.
• Deliver the agreed upon sales targets and outcomes within agreed timelines.
• Analyze the territory/market’s potential, track sales and status reports
• Analyze the territory/market’s potential, track sales and status reports
• Any other duties as may be assigned from time to time.

Minimum Requirements

Minimum Qualifications

• Bachelor’s degree or equivalent.
• Certificate of proficiency in Insurance (COP).
• Professional Qualification – ACII or AIIK or progress towards the same will be an added advantage.
• Proven work experience of at least 1 year as a sales representative
• Excellent knowledge of MS office Key

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Duties and Responsibilities:

1. Developing and presenting to the Board Audit & Risk Committee for approval, an annual Risk Based Audit Plan after taking into consideration the corporate strategy, prevailing business and industry risks and other stakeholder concerns.
2. Execution of the Annual Audit Plan as approved by the Board Audit & Risk Committee.
3. Updating and improving policies, audit procedures, audit processes and audit systems, to provide efficient ways of executing the audit plan and having such policies processes and systems approved by Senior Management and the Board Audit & Risk Committee.
4. Developing and reviewing Internal Audit Charter in line with the provisions of the International Professional Practices Framework (IPPF) of Internal Audits and best practice for Board and Senior Management approval.
5. Coordinating the work of external assurance providers including External Audit and the IRA and CMA on-sight Inspections and audit.
6. In liaison with the company secretary, coordinate the Board Audit & Risk Committee meetings including drafting the agenda and sending out the Board Pack.
7. Tracking and Monitoring audit issues raised through Internal Audit Assignments, External Auditors Management Letter, IRA and CMA Inspections and any other assurance providers.
8. Ensuring adoption of audit best practices from the industry, through review of audit processes and procedure manuals, audit working papers and templates.
9. Working with the other departments, including Operations, Finance, HR, ICT, and Business Development in assuring that the policies and procedure manuals developed are in adherence to company policy, statutory requirements and reporting requirements and are adequate in establishing appropriate controls.
10. Carry out regular inspections of all processes, ensuring that they comply with the company policy and procedures, statutory requirements and best practice guidelines as may be prescribed from time to time by relevant organizations.
11. Regularly inspect company records and transactions to ensure compliance to set standards.
12. Prepare quarterly and adhoc reports to Senior Management and the BOARD AUDIT & RISK COMMITTEE, keeping them informed on emerging audit issues, performance and independence of Internal audit function and overall effectiveness of Governance, Risk & Control frameworks.
13. Keep abreast with the latest developments in the Financial Services Sector, Audit and Accounting fields with a view to enhancing internal audit function as a key contributor to company strategy.

Minimum Requirements

Qualifications and Experience

• Bachelor’s Degree in Accounting/Business or related field
• Master’s Degree would be an added advantage
• Certification in Internal Audit (CIA) and a member of The Institute of Internal Auditors Kenya (IIA)
• Professional certifications in CISA, or  similar certification;
• A Certified Public Accountant of Kenya (CPAK) and a member of ICPAK
• Minimum of 7 years’ experience in Internal Audit management preferably within the insurance or banking industry and at least 3 years at a senior level.