Manager, Retakaful

ABOUT THE COMPANY

Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa.

JOB SUMMARY

Requirement/Person SpecificationsAcademic QualificationsMaster’s Degree in any of the following disciplines: Actuarial Science, Mathematics, Statistics, Commerce, Business Administration (MBA), Finance, Strategic Management, Insurance, or an equivalent qualification from a recognized and accredited institution.Bachelor’s Degree in any of the following disciplines: Actuarial Science, Mathematics, Statistics, Bachelor of Science (General), Commerce (Insurance Option), Business Administration (Finance, Accounting, Marketing or Insurance Option), Business Management (Finance or Accounting Option), Strategic Management, or an equivalent qualification from a recognized and accredited institution.Professional QualificationsAssociate in insurance (ACII – London), Diploma in Insurance – Kenya, or an AIIK or equivalent qualification from a recognized institution.Membership in the Insurance Institute of Kenya (IIK) or an equivalent professional body, in good standing.A management course lasting not less than four (4) weeks from a recognized institution, or its equivalent.Proficiency in computer applications.Fulfilment of the requirements of Chapter Six of the Constitution.ExperienceAt least ten (10) years of relevant work experience of which three (3) years must have been in an Assistant Manager position.Demonstratable team management experience and interaction with Board of Directors.

RESPONSIBILITIES

Strategic Leadership & Business GrowthDevelop and implement the Retakaful business strategy in alignment with Kenya Re’s overall corporate objectives and growth targets.Manage, monitor, and grow the Retakaful portfolio to achieve profitability, portfolio diversification, and sustainable business expansion.Promote and market Retakaful products to existing and prospective clients locally, regionally, and internationally.Build and maintain strong strategic relationships with regional and international Takaful and Retakaful operators.Underwriting & Risk ManagementOversee underwriting of Retakaful treaties and facultative business.Evaluate and approve risks in line with Sharia principles, underwriting guidelines, and the Corporation’s risk appetite.Manage Retakaful claims processing, ensuring fairness, efficiency, timeliness, and full Sharia compliance.Sharia Compliance & GovernanceEnsure full adherence to Sharia Law and principles in all Retakaful operations, investments, product offerings, documentation, and internal processes.Serve as Secretary to the Sharia Supervisory Board, including preparation of agendas, reports, minutes, and follow-up on resolutions.Coordinate Sharia audits, implement audit recommendations, and ensure timely corrective actions.Review, validate, and continuously update Retakaful operational processes, manuals, and guidelines.Reporting & Stakeholder ManagementPrepare and present timely Retakaful performance reports, financial updates, and annual Sharia compliance reports to Management and the Board.Provide strategic advice and technical guidance to Senior Management and the Sharia Supervisory Board on all Retakaful matters.Perform any other duties as may be assigned from time to time.

REQUIRED SKILLS

Budgeting, financial planning, Risk management, Auditing of accounts, Business performance monitoring

REQUIRED EDUCATION

Post-graduate education