With an ambitious growth and innovation strategy, cutting edge products
and a driven and committed management team, Kenya Orient Life Assurance
is set to change the course of life insurance business in Kenya and
indeed tap into the ever increasing and yet virtually untouched
insurance market.
We are looking for talented and motivated people in a variety of roles.
You will have an opportunity to join a team who are warm, professional and experts in their fields.
As a successful candidate, you will work in a fun, highly innovative and engaging environment.
To provide actuarial analysis, ensuring the company is always aware of
its liability position, product performance and provide expertise in
product development and pricing.
Preparation of valuation data and advice on their emerging risks and implications
Assist in the performance of statutory and non-statutory actuarial valuation of the life business
Determine the level of profitability and performance of new and existing products
Product development and pricing of life insurance products
Statistical analysis of the life business, pension and medical business
Assist in the forecast of actuarial liabilities of the life business
Obtain market intelligence by researching and identifying new products and new business areas and ideas
Analysis of industry statistics
Monitor per policy expense ratios and perform expense analyses
Monitor the level of profitability and performance of new and existing products
Monitor mortality experience to determine sufficiency of premiums
Liaising with the external actuary on all actuarial aspects and compliance to the insurance act
Work closely with the underwriting department to determine the adequacy of premium rates
On-going Data clean up and system audit to ensure optimal business performance
Calculation of all insurance contract reserves
Ensuring compliance to IRA regulation
Analysis of industry statistics and monitoring of key metrics including those supporting credit ratings
Requirements
A Bachelors of Science (Actuarial Studies)
At least 3 professional actuarial papers completed
2 years relevant working experience
Competencies
Basic underwriting and pricing knowledge
Excellent analytical, communication and customer handling skills
2. Marketing Executive
Division / Department: Marketing
Immediate Supervisor: General Manager
Overall Responsibility:
The position is responsible for assessing risks in accordance with laid
down underwriting procedures in the company and to ensure effective and
efficient service delivery to customers.
Key Tasks, Duties and Responsibilities
Review all applications for insurance
–determine the profiles of risks presented to the company for insurance
and assess their acceptability or otherwise.
Review all reports from various service providers relating to proposals for insurance.
Review proposals for insurance and adjust benefits where necessary by reviewing previous files, worksheets, etc.
Ensure all related activities to underwriting are properly coordinated and enforced
Ensure timely preparation and dispatch of policy documents.
Review of suspense items and follow up on outstanding requirements with a view to reconciling them in record time.
Timely processing of quotations and tender documents.
Any other duties assigned by management in line with task.
Requirements
A bachelor’s degree from a recognized university
Pass in at least two papers in ACII or equivalent
At least 2 years relevant experience
Competencies
Knowledge in Insurance products and services
Knowledge in underwriting and pricing
Marketing intelligence and intermediary operations
Ability to build relationships, innovation, flexibility and teamwork
3. Agency Manager
Division / Department: Sales and Marketing
Immediate Supervisor: General Manager
Overall Responsibility:
Responsible for identifying, selecting, recruiting, training,
supervising and developing sales agents and unit managers, opening new
markets and growing business from existing markets and ensuring agency
sales budgets are met.
Key Tasks, Duties and Responsibilities
Recruit, train, supervise and develop sales agents and unit managers to meet the agency’s set sales objectives.
Offer mentorship to unit managers.
Conduct weekly sales agents’ meetings.
Conduct monthly performance management/reviews of sales agents and unit managers.
Generate and implement agency work plans and strategies.
Implement and supervise the agency sales incentive programs.
Conduct market intelligence and keep management informed of changing trends.
Participate in product development and enhancement initiatives.
Preparation of weekly market activity reports.
Lead in market development initiatives for the agency
Any other duties as may be assigned by the General Manager from time to time.
Requirements
A Bachelor’s Degree
A diploma in Insurance/Marketing or relevant field is an added advantage
5 years working experience, three (3) of which must have been in a unit management position
A track record in sales preferably life insurance sales.
Competencies
Demonstrated ability to organize and lead effective teams
Strong interpersonal skills and communication
Ability to build relationships, flexibility and teamwork
4. Premium Administration Officer
Division / Department: Underwriting
Immediate Supervisor: Underwriting Manager
Overall Responsibility:
The position is responsible for establishing new relationships with premium collection centres (employers) and banks, and ensuring timely collection and posting of the premiums received.
Key Tasks, Duties and Responsibilities
Create working relationships with
various pay centers to ensure that premiums are collected efficiently
and at minimum costs to the company and customer
Lodge and follow up on all Salary Deduction/ banker’s / Direct Debit
Authority instructions within the set timelines to ensure that the instructions have been effected
Ensure that premium collection and posting are done efficiently and within the agreed deadlines
Create an electronic platform for check off business
Ensure all payments due from the active check off centres are received on time and schedules collected
Implement a system to efficiently and
effectively follow up upcountry administrators to ensure check off
points are serviced accordingly
Ensure that the premium collection avenues are secure from fraud and ensure no loses are incurred
Requirements
A Bachelor’s Degree in Commerce or equivalent
CPA (K)
At least 2 years relevant experience
Competencies
Strong interpersonal skills
Excellent communication, analytical, reporting and presentation skills
Ability to build relationships, flexibility and teamwork
5. Financial Accountant
Division / Department: Finance
Immediate Supervisor: General Manager
Overall Responsibility:
The position is responsible for preparation of financial accounts,
budgets, billing, banking and tax management in liaison with the Finance
Manager for timely decision making while ensuring compliance with
internal controls and statutory regulation.
Key Tasks, Duties and Responsibilities
Facilitate the preparation of budgets
and financial plans of the company and overseeing strict adherence to
the budgets and plans.
Co-coordinating the annual auditing
process, ensuring implementation of audit recommendations and ensuring
effective internal controls.
Providing the necessary information for internal and external audits and conducting financial investigations as necessary.
Producing monthly and quarterly financial accounts in accordance with the calendar of events for the department.
Ensure timely reconciliation of all General Ledger and Bank accounts.
Ensuring timely submission of returns to the Commissioner of insurance
Ensure that brokers/agents observe the statutory credit period; collect all premiums due.
Reviewing supplier payments and developing a commitment/priority list based on ageing list and critical payouts
Ensure that a fixed assets register is
maintained and that all assets are readily identifiable through a unique
number for each asset.
On a regular basis reviewing both the
computerized and manual systems to ensure they are efficient,
identifying areas that need to be computerized or enhanced to improve
overall efficiency and remove duplication of roles and transactions.
Any other duties assigned by management in line with task.
Requirements
A Bachelor’s Degree in Commerce or equivalent
CPA (K)
At least 3 years relevant experience
Competencies
Excellent communication, analytical, reporting and presentation skills
Ability to build relationships, flexibility and teamwork
6. Unit Managers
Division / Department: Sales and Marketing
Immediate Supervisor: Agency Manager
Overall Responsibility:
Responsible for identifying ,selecting, recruiting , training
,supervising and developing sales agents, opening new markets and
growing business from existing markets and ensuring unit sales budgets
are met.
Key Tasks, Duties and Responsibilities
Recruit, train, supervise and develop sales agents to meet the units set sales objectives.
Offer mentorship to sales agents for professional growth.
Conduct weekly sales agents’ meetings.
Conduct monthly performance management/reviews of sales agents.
Generate and implement unit work plans and strategies.
Implement and supervise the unit sales incentive programs.
Conduct market intelligence and keep management informed of changing trends.
Participate in product development and enhancement initiatives.
Preparation of weekly market activity reports.
Lead in market development initiatives for the unit.
Any other duties as may be assigned by the Agency Manager from time to time.
Requirements
A Bachelor’s Degree is an added advantage
Diploma in Insurance or Sales and Marketing
COP or its equivalent
At least 3 years relevant experience with a track record in sales preferably in life insurance
Competencies
Demonstrated ability to organize and lead teams
Knowledge in Insurance products and services
Ability to build relationships, innovation, flexibility and teamwork
Excellent communication and presentation skills
How to Apply
Only shortlisted candidates will be contacted.
Kenya Orient Life Assurance Ltd is an Equal Opportunity Employer
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