Career Opportunities in Kenya Orient Ltd

Kenya Orient Insurance Limited
 
Job Title: Assistant Manager, Risk & Compliance
 
Division / Department: Audit, Risk and Compliance
 
Immediate Supervisor: Head of Audit, Risk & Compliance
 
Overall Responsibility: The position is responsible to establish an unmistakable linkage between strategies, operations and the underlying risks inherent in achieving them. 

In addition, the role will also be responsible for supporting implementation of a First Line of Defense program related to the policies and procedures developed that ensure KOIL is compliant with its statutory & regulatory obligations.

Key Tasks, Duties and Responsibilities
 
Risk Management
  • Develop and maintain a comprehensive process for identifying, assessing, reducing, monitoring, controlling and reporting key business risks that might impair the achievement of the company’s goals and objectives.
  • Plan, design and implement an overall risk management process for the organization by developing operating models such as COSO framework & stress tests on key risks and KRIs.
  • Develop corporate risk register and review departmental risk registers annually.
  • Conduct annual reviews of the company policies.
  • Conduct follow ups on actionable areas on a quarterly basis.
  • Conduct risk rating for the entire company per function.
  • Develop an annual risk plan.
  • Assist in identifying and evaluating emerging risks in the departments & business as well as proving trends and support in mitigating the identified risks.
  • Assist management with integrating risk management policy within the strategic development process.
  • Work with all departments to establish, maintain and continuously improve risk management capabilities.
  • Monitor normal business activities and major decisions to ensure there are no hidden risks from the decisions made.
  • Create and continuously update the Risk policy manual that defines the company’s risk appetite reinforcing it to all staff.
Compliance Role
  • Be responsible for efforts throughout the Company to ensure compliance with internal policies and procedures and with external requirements imposed by law, regulations, and contracts.
  • Review compliance to regulatory and statutory standards.
  • Keep abreast with Legal changes and update and communicate changes to the Legal Requirements.
  • Design & implement a monitoring mechanism on risk management and compliance programs.
  • Identify compliance issues that require follow-up or investigation.
  • Facilitate training on the compliance and risk management.
  • Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.
  • Assist in preparation of the annual compliance plan.
  • Any other duties as may be assigned from time to time.
Reporting
  • Prepare report regularly to senior management of the company regarding the analysis of the company’s risks.
  • Prepare comprehensive monthly, quarterly and annual risk reports to be used for internal analysis by the various departments, the Board of Directors and also for evaluation of the Company’s financial status by external and internal stakeholders.
  • File reports necessary to comply with law and the insurance regulatory authorities.
  • Prepare monthly reports to the management on the departments’ performance or on any other issue affecting the risk & compliance department.
  • Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
Requirements
  • Bachelor of Commerce Degree (Accounting Option) or any other relevant Degree. (A degree in Risk Management will be an added advantage)
  • CPA (K), ACCA, ACA or any other recognized professional accounting qualification
  • MBA will be an added advantage
  • Minimum 7 years’ Relevant working experience 3 of which should be in risk management in a financial institution
  • Knowledgeable about processes, risks and control/ controls design
  • Excellent Interpersonal & Communication Skills.
How to Apply:
 
If you are interested in the position and have the required qualifications, skills and experience, kindly visithttp://www.korient.co.ke/careers.html and submit your application on or before Friday, September 16th 2016.


Job Title: Audit Executive
 
Division / Department: Audit, Risk and Compliance
 
Immediate Supervisor: Audit Supervisor
 
Overall Responsibility: The position is responsible for carrying out audits with a view to ensuring compliance with technical, operational, regulatory and corporate governance through adherence to KOIL procedures.
 
Key Tasks, Duties and Responsibilities
  • Review audit assignments including proper planning, audit testing, schedules and developing audit programs, working papers or documentation, disclosure of audit findings and drafting audit reports in close liaison with Head of audit, risk and compliance,
  • Carry out routine, continuous and adhoc audits, compile quality and timely detailed findings, implications and make necessary recommendations to management for system and controls improvements,
  • Carry out special investigations and make recommendations as necessary,
  • Assist in identifying and investigating possible risk areas and reporting to management,
  • Assist in systems review with a view to advising on areas that need to be strengthened,
  • Assist in preparation of annual audit plan,
  • Assist in the review of internal procedures within the company processes,
  • Performing any other duties as required from time to time.
Requirements
  • A bachelor’s degree in commerce or equivalent
  • CPA(K) or equivalent/CISA qualification
  • 2 (Two) years’ experience in Internal Audit or in a professional Audit firm
How to Apply:
 
If you are interested in the position and have the required qualifications, skills and experience, kindly visit
http://www.korient.co.ke/careers.html and submit your application on or before Friday, September 16th 2016.


Job Title: Branch Manager - Embu
 
Division / Department:Underwriting
 
Immediate Supervisor:Underwriting Manager
 
Overall Responsibility: The position is responsible for the Company's branch Operations, implementation of sound underwriting practices and driving sales and offering seamless customer experience.
 
Key Tasks, Duties and Responsibilities
  • Ensuring strict adherence to the cash and carry policy as per company guidelines
  • Ensuring that all company monies are receipted and banked as per company guidelines
  • Monitoring bounced cheques and taking appropriate action
  • Ensuring all IPF’s are reviewed.
  • Signing of accountable documents.
  • Custodian of company assets and all accountable documents in the branch.
  • Enforcing the set underwriting guidelines and ensuring adherence to set ISO standards.
  • Day to day administration of the branch operations.
  • Implementing the branch sales strategies.
  • Recruiting, training growing new intermediaries.
  • Reviewing business retention and profitability reports and taking corrective action and preparing reports on the same
  • Ensuring renewal notices and renewal prelists are sent out on time, preparing reports on business retention.
  • Supervising and staff development
  • Motivating and talent management of staff.
  • Ensuring all business is booked in the system on a timely manner and authorized as per company guidelines.
  • Coordinating marketing drives and marketing activities for the branch and regularly submitting the periodic reports.
  • Vetting of risks before they are accepted in the company books.
  • Participating in building and enhancing good public image through various public relations initiatives.
  • Validating all claims and ensuring that they are promptly communicated to the Claims Department and supporting documents submitted.
  • Soliciting and negotiating special incentives to top performing intermediaries
  • Leading and motivating the branch team to ensure achievement of branch objectives in alignment with company strategy
Requirements
  • A bachelor’s degree in Business Administration or equivalent
  • ACII/AIIK or equivalent)
  • 5 years’ in managing retail operations
Competencies
  • Knowledge in Claims, Underwriting and pricing
  • Risk perception and assessment
  • Ability to lead and develop others
  • Ability to build relationships, innovative, analytical thinking and customer orientation.
How to Apply:
 
If you are interested in the position and have the required qualifications, skills and experience, kindly visithttp://www.korient.co.ke/careers.html and submit your application on or before Friday, September 16th 2016.

Job Title: Claims Executive
 
Division / Department: Claims
 
Immediate Supervisor: Assistant Manager - Claims
 
Overall Responsibility: The position is responsible for opening new claims and processing of non-legal Claims in line with the company policy
 
Key Tasks, Duties and Responsibilities
  • Open and acknowledge new claims
  • Appoint service providers within the set benchmarks, review their reports and process claims as necessary.
  • Initiate recovery from negligent third parties and promptly hand file to Legal Section for follow ups.
  • Ensure payment to policyholders and service providers within stipulated company benchmarks.
  • Maintain registers and adequate claims reserves.
  • Respond to correspondence and/or queries relating to claims falling under area of responsibility.
  • Make recommendations on settlements of claims falling under area of responsibility.
  • Prepare claims reports e.g. monthly theft report, monthly salvage report and any other reports which may be required from time to time.
  • Deputize the Claims Supervisor
  • Perform any other duties as required from time to time.
Requirements
  • Bachelor’s degree
  • Pass in at least two ACII papers or equivalent
  • Two years relevant experience
How to Apply:
 
If you are interested in the position and have the required qualifications, skills and experience, kindly visit
http://www.korient.co.ke/careers.html and submit your application on or before Friday, September 16th 2016.

Only shortlisted candidates will be contacted.

“We are an equal opportunity employer”

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