Summary
Date Posted: Tuesday, April 05, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Specifications
In the case of:
Compensation
• Receive and review claim documents for purposes of compensation to claimants of insurers under management and dividends to creditors of liquidated insurers;
• Maintain an up-to-date inventory of assets of distressed insurers;
• Maintain investment schedules and reports on surplus funds for insurers’ in statutory management and liquidation as per approved investment policy;
• Assist in analyzing and recommending compensation, statutory management and liquidation cases for consideration by management; and
• Prepare statutory returns for the distressed insurers for filing with the Registrar of Companies.
• Assist in the development and maintenance of claimants’ database
Insurance Risk Monitoring
• Initiate risk assessment activities including analysis, measurement and reporting of insurers risks for the allocated portfolio and preparing reports;
• Initiate special on-site examination and off-site surveillance of the insurers for the allocated portfolio and preparing reports;
• Assess, collect, reconcile and prepare reports of contribution levy by insurers for the allocated portfolio; and
• Participate in monitoring and analyzing insurance risk profiles for the allocated portfolio.
• Assist in development, implementation and review of policies, strategies and procedures, regulations and guidelines on insurance risk monitoring.
• Participate in on-site inspection of insurers
• Maintain departmental records
Statutory Management
• Assist in development, implementation and review of policies, strategies and procedures, regulations and guidelines on statutory management.
• Assist in preparing reports on the financial affairs of the insurer.
• Establish the status of affairs of the Company at the time of appointment.
• Assist in tracing, preserving and securing all the assets and property of the company under statutory management.
• Establish any debts and sums of money due to and owing to the company under statutory management.
• Draft routine correspondences.
• Conduct due diligence on the liabilities of the Company under management.
• Prepare regular reports on progress made.
• Assist in the development and implementation of the departments annual work plans, procurement plans and budgets.
• Maintain departmental records
Liquidation
• Participate in the development, review, and implementation of departmental policies, strategies and procedures, regulations, and guidelines.
• Assist in recovery of debts and sums of money due to and owing to the company including reinsurance recoveries and deposit such proceeds with the Bank of Kenya under lien.
• Receive and review claim documents for purposes of paying dividends to creditors of liquidated insurers.
• Maintain an up-to-date inventory of assets of distressed insurers.
• Maintaining investment schedules and reports on surplus funds for insurers in liquidation as per approved investment policy.
• Assist in establishment of a framework for the process of matching assets with the existing liabilities of the Company with a view to eventual settlement.
• Assisting in analyzing and recommending liquidation cases for consideration by management.
• Preparing statutory returns for the distressed insurers for filing with the Registrar of Companies.
• Participate in the development and implementation of departmental policies, procedures, strategies, work plans, procurement plans and budgets.
• Maintain departmental records.

Person Specifications
• Bachelor’s degree in Commerce, Finance, Insurance, Economics, Insurance, actuarial science, Business Administration or its equivalent from a recognized and accredited institution.
• Proficiency in computer applications.
• Fulfilled the requirements of Chapter six of the Constitution of Kenya (2010)

Job Experience: No Requirements

Work Hours: 8

Level of Education: Bachelor Degree

Job application procedure
Interested candidates, who must be Kenyan citizens, should submit their applications including copies of their academic and professional certificates, a copy of the National Identity Card or valid passport, an updated Curriculum Vitae (CV) detailing current position, qualifications, working experience, current and expected salary, an email address and a daytime telephone number. The CV should also include the email and telephone contacts of three (3) professional referees who can speak on your competence, character and integrity. All application must contain the reference number and job title on the subject matter (on letter or email) and on the envelope

OTHER KEY REQUIREMENTS
Successful candidates in the interviews will be required to present and satisfy the requirement of Chapter Six of the Constitution of Kenya 2010 by providing original copies of the following documents as an employment condition:
• A certificate of Good Conduct from the Directorate of Criminal Investigations (DCI);
• A Clearance Certificate from the Higher Education Loans Board (HELB)
• A Tax Compliance Certificate from the Kenya Revenue Authority (KRA)
• Clearance certificates from the Ethics and Anti-Corruption Commission (EACC).
• A clearance Certificate from an Approved Credit Reference Bureau (CRB) in Kenya

Applications should be received on or before close of business Tuesday 19th April 2022 via post/courier services, hand delivery or email to:
The Managing Trustee
Policyholders Compensation Fund
KWFT Center, 6th Floor
Masaba Road - Upper Hill
P O Box 24203 – 00100
NAIROBI
Email: recruitment@pcf.go.ke

PCF is an equal opportunity employer. Canvassing of any kind will lead to automatic disqualification. Women, Youth and Persons with Disabilities are encouraged to apply.
Only shortlisted candidates will be contacted

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