Assistant Financial Analyst job at Insurance Regulatory Authority (IRA)

Vacancy title:
Assistant Financial Analyst

[ Type: FULL TIME , Industry: Public Administration, and Government , Category: Accounting & Finance ]

Jobs at:

Insurance Regulatory Authority (IRA)

Deadline of this Job:
21 June 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Summary
Date Posted: Wednesday, June 08, 2022 , Base Salary: Not Disclosed

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JOB DETAILS:
Assistant Financial Analyst
REF: AFA/10

Job purpose
The position is responsible for assessing and monitoring the financial soundness of the industry, conducting macro-prudential surveillance, data analytics, reporting, and publication with the aim of protecting policyholders and insurance beneficiaries.

Job Specifications
Duties and responsibilities will entail:
• Compile statistics of insurers and check for completeness including: annual insurance statistics, quarterly insurance statistics, quarterly insurance industry claims statistics, Monetary Financial Statistics (MFS), Kenya National Bureau of Statistics’;
• Prepare periodic reports on performance, trends analysis and projections for the insurance industry including: monthly gross direct premium report, monthly summary of claims report, quarterly
• insurance industry report and annual insurance industry report;
• Conduct data validation of quarterly and annual insurance statistics to check on completeness and consistency of insurance data;
• Update various performance indicators, ratios and industry benchmarks and averages;
• Analyse, evaluate and interpret insurers’ financial statements and returns to ensure disclosures regarding various insurance parameters such insurance premiums, income, expenditure, assets and liabilities;
• Create monthly, quarterly and annual returns and recommend continuous updates to ensure the returns meet acceptable standards and that all the necessary disclosures are made;
• Conduct analyses on financial stability and macro prudential policy;
• Carry out regular macro stress tests and prepare documents for public communication of those tests;
• Participate in preparations for conducting research work in the field of financial stability, including collaboration with other institutions and professionals such as participating in FinAccess survey
• Continuously evaluate financial returns to ensure they meet acceptable standards and that all the necessary disclosures are made

Persons Specifications
• Diploma in Statistics, Insurance, Finance, Economics, Law, or its equivalent from a recognized institution;
• Certificate in Computer Proficiency.
• Meets provision of chapter six of the Constitution.

Competencies and skills
• Strong communication and presentation skills
• Good analytical skills
• Problem solving
• Professionalism

Job Experience: No Requirements

Work Hours: 8

Job application procedure
• Suitably qualified and experienced individuals should submit applications enclosing a detailed curriculum vitae (CV), copies of relevant academic and professional certificates/testimonials and a copy of National Identity Card.
• The CV must at the minimum provide details of the applicant’s email address, day-time mobile telephone numbers, details of current employer, current remuneration and names and contacts of three (3) referees familiar with the applicant’s professional background and experience.
• Applications, addressed to the undersigned, may be delivered at the Insurance Regulatory Authority (Registry Section) at Zep-Re Place, 2nd Floor, Longonot Road, Upper Hill. Please note that these should be sealed, marked “Confidential” and indicate the job reference (e.g “REF:SO/01” for Supervision Officer). Alternatively, they may be sent by post or email to:
Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100
Nairobi
EMAIL : careers@ira.go.ke 
Applications must be received by close of business on 21st June 2022.
Compliance Requirement:
In accordance with The Employment (Amendment) Act, 2022, the Authority will require candidates it wishes to enter into a written contract of service with to comply with Chapter Six of the Constitution by submitting mandatory compliance and clearance certificates from the relevant entities


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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 21 June 2022
Duty Station: Nairobi
Posted: 08-06-2022
No of Jobs: 1
Start Publishing: 08-06-2022
Stop Publishing (Put date of 2030): 08-06-2065
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