Senior Business Analyst, Claims (Senior Business Analyst 2), Insurance Section - Governor's Office

ABOUT THE COMPANY

The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies. This led to the collapse of the East Africa Currency Board (EACB) in mid 1960s.
Following the promulgation of the new constitution on August 27th, 2010, the Central Bank of Kenya (CBK) is now established under Article 231 of the Constitution, 2010. Under this Article the Central Bank has the responsibility of formulating monetary policy, promoting price stability, issuing currency and performing any other functions conferred on it by an Act of Parliament.
The Constitution guides that “the Central Bank shall not be under the direction or control of any person or authority in the exercise of its powers or performance of its functions”.

JOB SUMMARY

QualificationsA Bachelor’s Degree in a Business-related field.Diploma in Insurance from a recognised institution.Membership of an Insurance professional body is an added advantage.Work ExperienceAt least three (3) years’ post qualification experience in an Insurance company or a busy Insurance firm, acting for Banks/Financial Institutions.

RESPONSIBILITIES

Technical and Operational ResponsibilitiesReceive, verify supporting documents and record Insurance claims.Register, maintain and update claim details.Provide professional advice and feedback on claims matters.Keeping detailed and accurate records for claims reported.Prepare and submit all information required by the insurer to process claims.Open and manage claim files and ensure all subsequent correspondences are properly filed.Track and monitor claim progress, keeping an updated record of pending, approved or settled claims.Prepare periodic reports on claims received, processed and settled.Prepare documents for disbursement of claim funds.Ensure adherence to Bank policies regarding Insurance.Maintain confidentiality of all claim-related information.Any other duties and responsibilities assigned from time to time.

REQUIRED SKILLS

Risk management, Compliance, Reporting, Document and archive management

REQUIRED EDUCATION

Bachelor's degree