Summary
Date Posted: Wednesday, January 27, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
The Policyholders Compensation Fund (PCF) is a State Agency established under Section 179 of the Insurance Act (Cap 487 of the Laws of Kenya) with the mandate of protecting insurance claimants of an insurer placed under a manager appointed under section 67C (2) or whose license has been cancelled under the Act, through the provision of compensation for their unsettled claims.
DEPARTMENT/DIVISION/UNIT Internal Audit
GRADE/LEVEL PCF 3
IMMEDIATE SUPERVISOR Audit & Risk Management Committee of the Board
PURPOSE OF THE JOB (JOB SUMMARY)
Responsible to the Board of Trustees for Internal Audit function in the Fund. The Chief Manager will report functionally to the Board and administratively to the Managing Trustee. .

DUTIES AND RESPONSIBILITIES
Specific duties and responsibilities will entail:
• Formulating and implementing of relevant policies, strategies and procedures;
• Overseeing development of work plans, procurement plans and budgets for the Department;
• Coordinating the operations of the Department;
• Developing internal audit policies and procedures;
• Assessing internal controls to mitigate business and operational risks;
• Advising management on effective controls and fraud prevention measures;
• Liaising with external auditors on the annual audits and ensuring that the audit reports are implemented;
• Designing internal audits in compliance with conventional audit Guideline and best practices;
• Providing secretarial duties to the Audit & Risk Management Committee of the Board;
• Assessing the reliability and integrity of financial and operating information and compliance with set policies;
• Reviewing all reports submitted by various sections to confirm the accuracy and correctness of figures;
• Providing advice to the Board and implementation of audit recommendations;
• Ensuring maintenance of high audit performance standards in the Fund;
• Conducting special investigations as may be required from time to time;
• Preparing and presenting Board papers to the Board; and
• Assessing performance, mentoring and coaching of staff under the Officer’s purview.

Job Skills: Not Specified

REQUIREMENTS FOR APPOINTMENT
For appointment to this grade, an officer must have:
• Bachelor of Commerce, Business Administration, Economics, Information Technology or their equivalent from a recognized and accredited institution;
• Master’s degree in Business Administration, Commerce, Economics, Finance, Insurance, Accounting, Information Technology or a related discipline with a bias in accounting or finance from a recognized and accredited institution;
• Certified Public Accountants (CPA) (K) qualification or its equivalent;
• Membership of Institute of Certified Public Accountants (ICPAK) and Institute of Internal Audit (IIA) or Information Systems Audit & Control Association (ISACA);
• Strategic Leadership and Development Programme (SLDP) or its equivalent will be an added advantage;
• Proficient in computer applications and data mining tools;
• Demonstrated outstanding leadership capability;
• A high degree of integrity and dependability;
• Shown merit and ability as reflected in work performance and results;
• Good interpersonal relations and communication skills.
• At least eight (8) years relevant experience, five (5) of which should have been at a senior management position.

Job Education Requirements: Not Specified

Terms of Offer:
An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the successful candidate. Successful candidates in job grades PCF2 and PCF3 will be engaged on a five (5) years contract renewable based on performance.

Work Hours: 8

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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.
Shortlisted candidates will be required to produce the following statutory documents during the interview:
• Tax compliance certificate from Kenya Revenue Authority;
• Clearance Certificate from Higher Educations Loans Board;
• Clearance from the Ethics and Anti-Corruption Commission;
• Certificate of Good Conduct from the Directorate of Criminal Investigations;
• Clearance from an approved Credit Reference Bureau;
• National Identity Card.
Applicants are also notified that shortlisted candidates may have to undergo and necessary integrity background checks with relevant law enforcement institutions.
Applications, addressed to the undersigned, may be delivered at the Policyholders Compensation Fund offices 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“PCF/SD/14” for Senior Driver position). Alternatively, they may be sent by post or email to:
The Managing Trustee
Policyholders Compensation Fund
Zep-Re Place, 2nd Floor
Longonot Road, Upper Hill
P.O. Box 24203 - 00100 Nairobi, Kenya
Email: recruitment@pcf.go.ke
Applications must be received by close of business on 12th February 2021.
Important: PCF is an Equal Opportunity Employer committed to diversity and gender equality.
Canvasing in any manner shall lead to automatic disqualification.
Only shortlisted candidates will be contacted.

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