Job Vacancies at APA Life Assurance Company Ltd

Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks ...

Read more about this company

• Contents
• Open Jobs
  1. Senior Risk & Compliance Officer
  2. Business Development Manager – Independent Agents & DSF
• Method of Application

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience2 - 4 years
• LocationNairobi
• Job FieldFinance / Accounting / Audit&nbsp

KEY PRIMARY RESPONSIBILITIES

Risk

• In conjunction with management, facilitating the identification and assessment of risks in line with the Group’s Enterprise Risk Management framework and updating outcomes in the risk registers.
• Monitoring of risks and preparation of reports to management and other risk committees on various aspects of risk management 
• Following-up proactively on action plans put in place by management to address risk exposures and report on the same
• Conducting risk analysis and quantification of financial risks through sensitivity analyses and stress testing for financial and insurance risks as well as major projects in the company. 
• Implement the risk and compliance policies and procedures in place. 
• Keep abreast with the applicable laws, regulations, rules and standards in the risk & compliance fraternity and advice on the emerging developments of the same. 
• Scanning environmental risks and identifying new threats and opportunities that may impact on the business.
• Creating awareness on risk management to facilitate embedding of a risk-conscious culture across the Company
• Coordinate BCP in conjunction with the Group Head of Risk and Compliance and ensure the group’s business continuity risks are adequately mitigated

Compliance

• Implement the annual compliance program incorporating legal, regulatory and internal policies & procedures for all the entities in the group 
• Ensure that all applicable legislation are complied with by each company within the group through day to day monitoring and regular review of compliance to legislation, regulations and internal policies and controls. 
• Maintain correspondence with all regulators on all regulatory and supervisory issues. 
• Implement an ethics program and report on the status of compliance

Anti-Money Laundering 

• Implement a robust Anti-Money Laundering and Counter Terrorist Financing Programme as well as on any new laws and regulation affecting the group as they emerge. 
• Inform and advise Apollo Group, employees and third-parties of their obligations under the POCAMLA Act 
• Monitor compliance with POCAMLA Act and Apollo Group Compliance and AML policies in relation to Money Laundering, including raising awareness of these policies amongst Apollo Group employees, ensuring relevant and continuous staff training, and auditing and reviewing Apollo Group systems and procedures
• Act as the contact point with regulators and the Board on issues relating to Apollo Group’s AML/CFT Activities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing
• Provide advice to Apollo Group, where requested, regarding AML/CFT Compliance Risk Assessments and to monitor their performance

Other Responsibilities 

• Provide training to Management and Staff at Apollo Group by organizing, designing and delivery of Risk and Compliance training programmes.

ACADEMIC QUALIFICATIONS

• Bachelor’s degree in Finance/Business/IT/Risk Management or an equivalent

JOB SKILLS AND REQUIREMENTS

• Proven exposure to Risk Management and excellent understanding of principles of risk management
• An understanding of the Regulatory environment within a Financial Services and Insurance company. This includes AML laws and regulations
• Proven exposure to Internal Control Systems 
• Excellent report writing, presentation and communication skills
• IT proficiency i.e. experience in analysis using statistical packages, MS Excel and other analytical tools 
• Continuous Process Improvement understanding
• Analytical thinking and Problem solving skills with attention to detail
• Team Player and People skills
• Understanding of Quality Management Systems will be an added Advantage

PROFESSIONAL QUALIFICATIONS

• CPA (K), CISA, CIA or QMS Lead Auditor
• Risk Management qualification 
• Compliance qualifications
• AML Certifications will be an added advantage 

EXPERIENCE

• At least 2-4 years in a risk management environment within a large organization preferably in a financial services industry

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience5 years
• LocationNairobi
• Job FieldInsurance&nbsp , Sales / Marketing / Retail / Business Development&nbsp

KEY PRIMARY RESPONSIBILITIES

• Develop marketing strategies and follow-up for strategy execution
• Develop and maintain relationships with intermediaries
• Sourcing and procuring of business in line with the set targets/budgets;
• Addressing client/customer enquiries and feedback within the timelines stipulated in service charter and/or SLAs signed with respective clients;
• Reviewing performance of risks through loss ratio reports for both new and existing business;
• Preparing weekly and monthly reports giving details of individual performance on business acquired/lost and feedback on market practices from customers;
• Initiating and strengthening direct business relationships with existing and prospective clients to achieve performance targets;

ACADEMIC QUALIFICATIONS

• Bachelor’s degree in relevant field

JOB SKILLS AND REQUIREMENTS

• Team Player
• Excellent communication and presentation skills
• Negotiation Skills & Interpersonal skills

PROFESSIONAL QUALIFICATIONS

• Progress in ACII/AIIK, LOMA

EXPERIENCE

• At least 5 years’ relevant experience in the insurance industry
• Proven record in achievement of sales targets for corporate life business.
• Should be well grounded in Pensions Annuity & IDD lines of business
• Should have experience in Group life and Credit Life sales
• Proven track record in the pensions Industry
• Should have established relationships with pensions oriented intermediaries including brokers; agents and bank agents with the aim of establishing and sustaining long term mutually beneficial business relationships

   

Method of Application

Use the link(s) below to apply on company website.