The Monarch Insurance is a fast growing business under the Monarch group of companies.
Our values are to uphold professionalism and integrity; to provide quality customer care in service provision whilst having social responsibility and team spirit in all our operations.
We are looking for ambitious, self-driven candidates to fill the following positions:
1. Internal Auditor
Reporting to the Audit Committee Chairman, the Internal Auditor will review the various operations of the departments both in life and general business to ensure compliance with the set controls, report any short falls and give recommendations to the audit committee.
The Internal Auditor will be charged with the following accountabilities:-
Carry out periodic and continuous internal audit exercises on all functions and assets of the organization to minimise the risk of loss
Continuously evaluate internal control systems in line with changing demands and ensure that the systems are appropriately designed to serve the best interest of the organization at all times
Ensure that operations in various departments are conducted in compliance with laid down policy, procedure, work instructions and statutory regulations
Evaluate audit findings, draw comparisons and analytical reviews and advise the audit committee on continuous improvement measures
Identify and profile various risks inherent in specific audit assignments, discuss them with the audit committee and jointly agree on actions to be implemented for risk mitigation
Analyse the issues identified during audits, to so as to point out the risks they pose on the company
Understand the company’s strategy and business objectives so as to focus Audit’s work on the highest risks
Continuously review operating policies, procedures and work instructions and make recommendations to the audit committee on the necessary improvements
Evaluate, and examine policies and procedures and systems that are in place so as to protect assets of the company
Regularly report to the Board audit committee on activities, issues and related recommendations
Experience and Qualifications
Bachelors Degree in commerce (Accounting or Finance option)
CPA (K) or equivalent
At least 5 years experience in a similar function
Knowledge of the insurance industry program policies, procedures, regulations, and laws
Knowledge of and skill in applying internal auditing principles and practices
Knowledge of the standards for the professional practice of internal auditing and the code of ethics developed by the Institute of Internal Auditors (IIA)
Basic MS office skills
Possess strong interpersonal, communication and negotiation skills
Self driven individual with impeccable integrity
2. Branch Manager - Meru
Reporting to the Marketing Manager, the Branch Manager is responsible for the administration and efficient daily operation of a full service branch office, including operations, growth of the Meru branch through product sales, customer service, and security and safety in accordance with the Company's objectives.
The Branch Manager will be charged with the following accountabilities:-
Responsible for marketing Life & General business to ensure the Meru branch growth, development and profitability, by effective implementation of company procedures and guidelines to meet company objectives
Administer branch activities in accordance with the company policy
Prepare and send branch performance report to the main office and give updates of the business status of the branch
Determine and develop the annual budget for the daily expenses of the branch
Perform marketing and public relations activities to create business awareness
Identify new marketing Initiatives through designing marketing and sales strategies
Research on any new issues or regulations to ensure that the branch is in line with current market developments and best practices
Issue new insurance policies and renewal of the existing policies as need arise
Maintain communication to agents, brokers, and other stakeholders to obtain further market information, quote rates, or explain the company’s underwriting policies
Handle all human resource administrative issues of the branch staff regarding supervision, stationery requisition, and departmental requirement on staffing, appraisals, training, discipline and annual leave
Experience and Qualifications
Bachelors Degree in commerce, social studies or any related field
At least 5 years experience in the insurance sector
ACII (Associate of Chartered Insurance Institute of London) qualifications
Technical competence in underwriting insurance risks claims handling
Ability to analyse and interpret statistics and statistical data
Good knowledge of the insurance industry and country laws
Knowledge of insurance laws and regulations by AKI,IRA RBA,KRA
Solid MS office skills
Possess strong interpersonal, communication and negotiation skills
Self driven individual with impeccable integrity
3. Deputy Manager – Legal Services
Reporting to the Claims Manager, the Deputy Manager-Legal Services will support the Claims department with the timely advice on all legal matters including court settlements, commercial, governance and regulation.
The successful candidate will be charged with the following accountabilities:-
Ensures that all legal matters are attended to in the right manner thus protect the company’s image, ensure client satisfaction as well as minimize costs in claims processing
Advise the management on the status of the matters in court and on the best way forward
Prepare all legal documentation including legal drafts, contracts, leases and formal agreements
Provide legal advise on all aspects of pensions/retirement benefits management and on copyrights laws
Responsible for the registration of the company’s trade mark and name and ensuring statutory returns are done in accordance the Companies Act
Interpret the existing legislation and advise the company on the implications, compliance requirements and on any new/upcoming laws
Negotiate matters out of court
Reply to correspondences from insured, claimants, claimant’s advocates and our advocates, amongst others
Ensure that judgments/costs are settled on time to ensure the interests of the company are protected
Resolve complaints/disagreements with clients amicably so as to maintain a good working relationship
Experience and Qualifications
A Bachelors degree in Law
Diploma in Law from the Kenya School of Law
At least 5 years experience in the insurance claims handling
Good knowledge of the insurance industry
Good knowledge of insurance industry laws and court processes
Good knowledge of IRA, KRA and AKI regulations
Good MS Office skills
Possess strong interpersonal, communication and negotiation skills
Self driven individual with impeccable integrity
Interested candidates should forward their CV in MS Word format, by 3rd September 2011 stating the position they are applying for, their email address, day time telephone contact and names and addresses of three referees to: hr@themonarchinsco.com
Only short listed candidates will be contacted
