Kenya Reinsurance Corporation Limited (Kenya Re), the oldest reinsurer in Eastern and Central Africa, is recruiting for several key positions. Established through an Act of Parliament in December 1970 and operational since January 1971, Kenya Re provides reinsurance services for most classes of business.
Open Jobs:
Assistant Manager – Actuarial
Job Type: Full Time
Qualification: BA/BSc/HND, Professional Certificate
Location: Not specified
Job Field: Insurance
Job Purpose: To support the Corporation in delivering sound actuarial solutions through risk analysis, pricing, reserving and financial modelling, while providing technical expertise that strengthens the profitability, sustainability and effective management of Kenya Re’s reinsurance portfolio.
Profile: Institute and Faculty of Actuaries (IFoA) Kenya/UK qualifications or equivalent from a recognised institution. Certified Public Accountant (CPA) Part II or III (KASNEB), ACCA, or equivalent qualifications from a recognised institution. Membership of a recognised professional actuarial body and/or the Institute of Certified Public Accountants of Kenya (ICPAK) or its equivalent, in good standing. Management course lasting not less than four (4) weeks from a recognised institution.
Experience: At least twelve (12) years’ relevant work experience, three (3) of which must have been at a supervisory level in a reputable organization. Proven experience in the preparation of IRA quarterly and annual returns.
Skills: Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.
Other Requirements: Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies. Strong analytical, negotiation and problem-solving skills, with a keen eye for detail and value for money. Superior planning, organizing and time-management skills, with the ability to work effectively under pressure and meet tight deadlines. Fulfil the requirements of Chapter Six of the Constitution of Kenya.
Senior Actuarial Officer
Job Type: Full Time
Qualification: BA/BSc/HND, Postgraduate Diploma, Professional Certificate
Experience: 9 years
Location: Nairobi
Job Field: Insurance
Job Description: To provide independent actuarial advice on the financial risks facing the Corporation, determine the profitability and sustainability of reinsurance coverage, and assess and manage the financial risks associated with reinsurance contracts and portfolios. Reports to: Manager, Actuarial Department
Requirements:
Academic Qualifications: Bachelor’s degree in actuarial science, Statistics, Mathematics, Commerce, Business Administration, Risk Management, Insurance or an equivalent qualification from a recognised institution.
Professional Qualifications: Postgraduate Diploma in Actuarial Science (Kenya/UK) with at least four (4) papers passed, or equivalent from a recognized institution. Certified Public Accountant (CPA) Part II or III (KASNEB), ACCA, or equivalent qualifications from a recognized institution. Membership of a recognized professional actuarial body and/or the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
Experience: At least nine (9) years’ relevant work experience in a reputable organization. Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.
Other Requirements: Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies. Strong analytical, negotiation and problem-solving skills. Superior planning, organizing and time-management skills, with the ability to work effectively under pressure and meet tight deadlines. Fulfil the requirements of Chapter Six of the Constitution of Kenya.
Key Responsibilities:
Actuarial Analysis and Modelling: Provide ongoing technical and analytical support to the reinsurance business. Use financial models to simulate various scenarios and assess their impact on the Corporation’s profitability and capital adequacy. Analyse data and construct probability tables to forecast risk and liability in support of decision-making. Assist in capital modelling for solvency and business planning purposes. Assist management in reviewing and advising on the results of asset-liability modelling.
Reserving and Reporting: Prepare reports on solvency projections of the Corporation’s balance sheet. Support and perform quarterly reserve reviews. Support the transition of reserving models to IFRS 17 and assist management in reviewing the investment policy.
Pricing and Underwriting Support: Assist underwriting functions on the pricing and/or review of life, health and non-life rates.
Retrocession and Stakeholder Coordination: Review retrocession arrangements. Ensure proper coordination with the Corporation’s external stakeholders, including regulators, rating agencies and auditors.
Training/Diplomas: Participate in gathering and analysing information received from internal and external sources.
Assistant Manager - Marketing and Development
Job Type: Full Time
Qualification: BA/BSc/HND, MBA/MSc/MA
Experience: 12 years
Location: Nairobi
Job Field: Insurance
Job Description: To support the planning, coordination and evaluation of the Corporation’s marketing and business development strategies, driving business acquisition, client relationship management and market intelligence to grow the Corporation’s reinsurance portfolio. Reports to: Manager, Marketing and Development
Requirements:
Academic Qualifications: Bachelor’s degree in Science (General, Statistics or Mathematics), Actuarial Science, Commerce (Insurance, Marketing or Business Administration), Business Administration (Finance or Accounting), Business Management (Finance or Accounting), Strategic Management or an equivalent qualification from a recognised institution. Master’s degree in science, Actuarial Science, Mathematics, Commerce, Business Administration (MBA), Business Management (Finance or Strategic Management) or an equivalent qualification from a recognised institution.
Professional Qualifications: Associate of the Chartered Insurance Institute (ACII – London or Kenya) or equivalent qualifications from a recognised institution. Membership of the Insurance Institute of Kenya (IIK) or its equivalent, in good standing. Management course lasting not less than four (4) weeks from a recognised institution. Proficiency in computer applications.
Experience: At least twelve (12) years’ relevant work experience, three (3) of which must have been at a supervisory level in a reputable organisation. Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.
Other Requirements: Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies. Strong analytical, negotiation and problem-solving skills, with a keen eye for detail and value for money. Superior planning, organising and time-management skills, with the ability to work effectively under pressure and meet tight deadlines. Fulfil the requirements of Chapter Six of the Constitution of Kenya.
Key Responsibilities:
Marketing Strategy and Business Development: Assist in the creation and development of documentation for new products, services and infrastructure, including policies, procedures, methodologies and quality standards. Plan, coordinate and evaluate marketing plans and strategies in consultation with the Underwriting Division. Proactively assist divisional managers in the conceptual formulation, evaluation and implementation of selected business development initiatives. Source facultative and treaty reinsurance business from the local and international markets. Assist in the research and development of new products, including carrying out feasibility studies.
Client and Stakeholder Relationship Management: Design suitable technical support and training programmes for clients. Identify client organisational structures and maintain a library of clients’ annual accounts and other performance records. Identify clients’ senior personnel by name, position held and organisational structure. Organise, arrange and manage activities that facilitate interaction with stakeholders, including golf tournaments, cocktails, seminars and workshops. Assist in local and international corporate guests’ liaison and protocol dealings.
Market Intelligence and Reporting: Gather market intelligence for both local and international markets. Compile statistics for various reinsurance activities of the Corporation and the market. Compile the monthly insurance/reinsurance news publication, “The Market Perspective”. Collect annual accounts and reports of other insurance and reinsurance companies, and assist in collecting market returns, including CRESTA figures. File annual returns to the Insurance Regulatory Authority (IRA) and compile information for various industry publications and organs.
Marketing Materials and Client Directory Management: Develop and review professional marketing materials (including fliers, brochures and seminar materials) to enhance the Corporation’s visibility. Prepare and update brochures and other publications. Maintain and update the Corporation’s client directory for local and international markets, including details of securities maintained. Keep custody of marketing reports from officers who have travelled abroad.
Assistant Manager - Research and Development
Job Type: Full Time
Qualification: BA/BSc/HND, MBA/MSc/MA
Experience: 12 years
Location: Nairobi
Job Field: Project and Program Management
Job Description: To provide senior support in developing and coordinating the Corporation’s research, strategy and innovation agenda, driving data-driven insights, strategic planning and innovative product development to strengthen the Corporation’s competitive position. Reports to: Manager, Research and Development
Requirements:
Academic Qualifications: Bachelor’s degree in strategic management, Project Planning and Management, Economics, Statistics, Commerce or an equivalent qualification from a recognised institution. Master’s degree in strategic management, Statistics, Project Planning and Management, Economics, Business Management, Mathematics or an equivalent qualification from a recognised institution.
Professional Qualifications: Registered member of the Statistical Society of Kenya or its equivalent, in good standing. Management course lasting not less than four (4) weeks from a recognised institution. Proficiency in computer applications.
Experience: At least twelve (12) years’ relevant work experience, three (3) of which must have been at a supervisory level in a reputable organisation. Demonstrated merit, managerial capability and professional competence as reflected in work performance and results.
Other Requirements: Excellent interpersonal, communication and stakeholder management skills, with the ability to engage effectively with internal departments, suppliers and regulatory bodies. Strong analytical, negotiation and problem-solving skills, with a keen eye for detail and value for money. Superior planning, organising and time-management skills, with the ability to work effectively under pressure and meet tight deadlines. Fulfil the requirements of Chapter Six of the Constitution of Kenya.
Key Responsibilities:
Strategic Planning and Performance: Participate in the development and review of corporate strategic and business plans, objectives, strategies, budgets and policies. Participate in the development and implementation of the corporate strategy. Prepare and monitor the strategic planning process, ensuring that selected value-adding initiatives receive the highest priority. Communicate strategy and guide the integration of strategy into performance management systems. Monitor and evaluate strategy implementation and all of the Corporation’s programmes and projects.
Research, Market Intelligence and Innovation: Coordinate research and development on insurance matters and other areas forming part of business development for the Corporation and the insurance market. Coordinate the collection, organisation and analysis of market data to generate research insights that give the Corporation a competitive edge. Conduct PESTEL and SWOT analyses within the Corporation’s markets of interest and make recommendations to management. Conduct regular competitor analysis to help the Corporation explore new innovations and adapt to market trends. Make recommendations to management on the prioritization of innovative ideas and ways of improving innovation. Champion innovation by analysing current situations to foster improvements, better work systems, cost savings and faster turnaround times.
Statistical Modelling and Business Analytics: Design, develop, update and manage statistical models for premium forecasts. Develop, maintain and update revenue forecasting models. Develop detailed business analyses and prepare action plans to deliver short- and long-term results.
Other Information: Create actionable insight that informs decision-making on customer behaviour and business performance optimisation. Identify appropriate business analytics tools for the Corporation.
New Product Development: Carry out new product development and generate creative and innovative ideas. Identify problems, opportunities and/or gaps through primary and secondary research and innovation. Review existing research methods and advise on the most appropriate research methodology to address business and research problems. Advise on research results against set action standards and recommend next steps.
Team Coordination: Promote and monitor implementation of correct procedures throughout the Research and Analytics team. Initiate proposals and assess those made by others for more effective capacity-building initiatives and innovations.
General Manager - Kenya Re Foundation
Job Type: Full Time
Qualification: BA/BSc/HND, MBA/MSc/MA
Experience: 15 years
Location: Nairobi
Job Field: Strategic and Top Management
Job Description: To provide strategic and operational leadership to the Kenya Re Foundation, directing all policies, strategies, objectives and initiatives of the Foundation. This role develops and drives the corporate social investment agenda, sustainability programmes and stakeholder partnerships, ensuring measurable social impact while safeguarding the Corporation’s reputation and full compliance with the Trust Deed, governance and regulatory requirements applicable to a Government-Owned Entity. Reports to: Group Managing Director and the Foundation Board of Trustees
Requirements:
Academic Qualifications: Bachelor’s degree in business, Commerce, Social Sciences, Development Studies, Communications or a related field from a recognised institution. A Master's degree in business administration, Strategic Management, Development Studies, Social Sciences or an equivalent qualification from a recognised institution is preferred.
Professional Qualifications: (Note: The source text appears incomplete for this section. It ends with 'Professional Qualifications' and then jumps to the application instruction. No further details are provided.)
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