PRINCIPAL ANALYST – INSURANCE & PENSIONS COMMISSION 245 views

VACANCY

• Principal Analyst – Insurance (Market Conduct)
• Applications are invited from suitably qualified and experienced individuals to fill the following position that has arisen within the Insurance and Pensions Commission.

INSURANCE DEPARTMENT

Duties and Responsibilities

• Supervise the assessment of regulated entities’ risk management systems and implement appropriate supervisory action in line with IPEC prudential standards.
• Spearhead the development of manuals to guide the operations of the Insurance Department.
• Develop and enhance supervisory tools.
• Allocate and supervise the processing of fit and probity applications.
• Allocate and supervise the processing of reinsurance externalisation applications.
• Allocate and supervise the processing of product applications and complaints resolution.
• Cultivate and maintain effective liaison with key stakeholders within and outside the Commission and provide regular feedback to management.
• Supervise Analysts and other departmental staff members.
• Required Competencies and Capabilities
  Sector Knowledge: Strong understanding of the insurance sector, its products, challenges, and regulatory framework.
• Regulatory Awareness: Solid grasp of applicable Acts, regulations, circulars, directives, and guidelines.
• Technical Knowledge: Proficiency in insurance industry-specific technical areas.
• Commercial Awareness: Ability to identify and recommend practical products and services relevant to the insurance and pensions industry.
• Analytical Skills: Strong ability to evaluate and interpret complex information and statistics.
• Research Capability: Aptitude to analyze and assess entities, issues, and practices against regulatory benchmarks.
• Report Writing: Ability to craft clear, concise, and targeted reports for varied audiences.
• Presentation Skills: Confident and effective presenter in meetings, committees, and conferences.
• People Management: Strong leadership qualities with the ability to motivate, develop, and manage team performance.

Qualifications and Experience

• A degree in Actuarial Science, Statistics, Mathematics, Economics, Accountancy, Law, Insurance and Risk Management, or a related discipline from a reputable university.
• A postgraduate qualification or ongoing postgraduate studies will be an added advantage.
• A minimum of two (2) years of relevant work experience.