Background Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. Kenya ReâÂÂs core activity is providing reinsurance services for most classes of business. Since its inception, Kenya Re has progressively and consistently continued to provide reinsurance services to more than 265 companies spread out in over 62 countries in Africa, Middle East and Asia. Kenya Re is committed to offering world-class reinsurance service. In 2004, the Corporation made an effort to benchmark its services with international standards by subjecting itself to a rating process by an International rating Agency, A. M Best .It was rated B+ (Very Good). The Corporation has successfully maintained this rating to date. The Corporation is also rated AA by Global Credit Rating (GCR) OBJECTIVES
- To be AfricaâÂÂs best source of reinsurance security and service provider.
- To increase gross premiums from new and existing markets.
- To improve returns on assets.
- To provide international customer service standards.
- To promote professionalism and ethics in the insurance industryJob Purpose To provide strategic and operational leadership to Kenya Reinsurance Corporation’s Tanzania subsidiary. The subsidiary’s regional mandate includes Tanzania and selected markets within the East African region. This is to ensure sustainable growth of quality reinsurance business, strong financial performance, robust governance and full alignment with Group strategy, policies and Board expectations. The Principal Officer shall serve as the single point of accountability to the Tanzania Insurance Regulatory Authority. The role holder will drive market development, innovation and risk-appropriate underwriting within diverse regulatory environments, maintain and deepen key stakeholder relationships, and build a high performing, future-ready team Experience At least fifteen (15) years relevant work experience, of which at least five (5) years must have been in senior management or an equivalent and comparable position in insurance, reinsurance, financial services, or related sector. Demonstrable experience in managing entities or significant portfolios within the East African (EAC)region, including multi country operations and cross border regulatory engagement, is a strong advantage. Proven track record of growing profitable business, managing P&L, and delivering sustained bottom line improvement. Completion of a Management or Executive Development Programme lasting not less than four (4) weeks from a recognized institution. Other Qualifications and Competencies Demonstrated Managerial, Administrative, and Professional competence, particularly in Underwriting, Financial management, Governance, and Performance oversight, as reflected in work performance and results. Experience working in an international and multicultural environment, with deep knowledge and understanding of East African Community (EAC) markets. Strong strategic thinking capability, commercial acumen and innovation mindset, with the ability to craft and execute market specific strategies across different regulatory regimes. Broad knowledge of insurance, reinsurance, investment, trade, treasury and other cross functional financial products. Proven people leadership, stakeholder management and change management skills. Excellent oral and written communication, negotiation and presentation skills, with the ability to engage effectively with Boards, regulators, senior executives and external stakeholders. Must meet applicable integrity and fit-and-proper requirements as stipulated by the Tanzania Insurance Regulatory Authority Working knowledge of other East African Community (EAC) regional languages is an added benefit.