Jubilee Holdings Ltd owns the Jubilee Insurance companies in Kenya, Uganda, Tanzania, Burundi and Mauritius. Jubilee is the number one insurer in East Africa. It is a respected East African brand with a strong financial base and 75 years of experience in the industry.
Jubilee operates through a network of offices in the capital cities of Nairobi, Kampala, Dar es Salaam, Bujumbura and Port Louis, with plans to expand further within Africa.
In line with the Company’s expansion program and keen risk management focus, we wish to invite applications for the following positions based in Nairobi, Kenya.
Group Head of Internal Audit
Overall Responsibility and Reporting:
The position will be responsible for the efficient and effective operation of internal control and management systems of the Jubilee group of Companies.
The position will functionally be reporting directly to the Chairman of The Board Audit and Compliance Committee (BACC) and administratively to the Group Chief Executive Officer.
Key Responsibilities:
- Continue to follow a system of risk based internal audit within Jubilee Holdings and its insurance and non-insurance subsidiaries.
- Review Jubilee Holdings Companies operations at appropriate intervals to ensure that instructions, policies and procedures set out by management and the board to ensure internal controls are adequate, effective and complied with.
- Evaluate existing areas of risks and controls within the group of companies and assess them in order of importance and priority and suggest ways of mitigation.
- Ensure that there is a strong control environment at all Jubilee offices within the group to prevent frauds.
- Assess the soundness of accounting procedures and reliability of financial records and reports.
- Build up internal audit function in the regional offices and oversee the carrying out of annual and other audits as per the plan.
- Oversee and supervise effective and efficient running of the internal audit department at the head office and other regional offices where established.
Minimum Requirements:
- A Graduate in business degree from a recognized university together with a professional qualification of CPA (K)/ACCA. Postgraduate degree will be an added advantage.
- At least ten years work experience at a senior leadership position in audit management in a reputable organization, preferably in the Insurance Industry or in an auditing firm.
- Good leadership skills to manage and lead the Internal Audit Departments across the region.
- High moral and ethical standards and independence of mind with ability to defend his/her position on significant issues.
- High level of analytical and risk assessment skills especially on new ventures that the company may wish to undertake.
- Good team player with ability to work without supervision and achieve excellence.
Senior Internal Auditor
Overall Responsibility and Reporting:
Reporting to the Head of Internal Audit the position will be responsible for the efficient management and operation of controls and internal management systems.
Key Responsibilities:
- Ensure that there is a strong control environment at all Jubilee offices to prevent frauds.
- Ensure compliance with laid down internal controls.
- Assess the soundness of accounting procedures and reliability of financial records and reports.
- Prepare audit reports for the board audit and compliance committee.
- Carry out annual audits as per approved audit plan.
- Set internal audit programmes and systems which are risk based.
- Oversee the effective and efficient running of the internal audit department.
Minimum Requirements:
- Qualified CPA (K)/ ACCA with a Bachelor’s Degree obtained from a recognized university.
- 5 to 10 years work experience at a senior position in audit management in a reputable organization, preferably in the Insurance Industry or in an audit firm.
- High moral and ethical standards and independence of mind with ability to defend his/her position on significant issues.
- Knowledge of computer audit packages will be an added advantage.
- Good team player with ability to work with minimal supervision and achieve excellence.
Risk Manager
Overall Responsibility and Reporting:
The position will be reporting to the Group Chief Executive Officer of Jubilee Holdings Limited.
Key responsibilities:
- Develop and maintain a risk management strategy for the Group.
- Develop and implement systems, policies and procedures for identification, collection and analysis of risk related information.
- Evaluate adequacy and effectiveness of controls and methodology established by management to ensure that identified risks are appropriately mitigated at both departmental and process level.
- Participate in the formulation and review of risk management and control activities for products to ensure they meet the set objectives and are worthwhile investments with a quantifiable return.
- Understand the insurance risk management systems and controls of the insurance subsidiaries and put in place controls to monitor the full implementation of these systems with a focus on risk aggregation.
- Develop a model for assessing risk and templates to be used by technical staff to assess the level of risk.
- Review new and on-going products to ensure that they are carried out only after a comprehensive risk assessment is done.
- Prepare reports for the Board Audit and Compliance Committee and Technical Committee in respect of insurance risk.
Minimum Requirements:
- A Graduate with Masters business degree from a recognized university.
- Professional qualification for accounting and insurance — CPA (K) / ACCA and/or ACII would be desirable. Actuarial professional papers would be an advantage.
- At least 5 to 10 years experience in assurance and risk management at senior management level with a reputable organization - insurance industry experience is mandatory.
- Good understanding of key drivers that influence and determine business decisions.
- Self motivated with ability to meet tight deadlines.
- A team player with excellent communication and interpersonal skills and a positive attitude towards work.
- Good understanding of techniques to manage and mitigate business risks.
- Willing to challenge the status quo.
Interested candidates should forward their detailed resume to the undersigned stating their age, qualifications, experience, remuneration package expectations, e-mail address, daytime telephone contact and names and addresses of three referees by 9th September 2011.
The Human Resources Manager,
The Jubilee Insurance Company of Kenya Limited,
P.O. Box 30376-00100 GPO,
Nairobi, Kenya
Applications may also be sent by email to recruitment@jubileekenya.com
