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KENYAN ALLIANCE - CAREERS

The Kenyan Alliance Insurance is a leading Insurance Company offering a wide range of financial products and services. Our product range includes life and general insurance, pensions, investment planning, retirement planning and medical insurance.

As part of our growth strategy, the Company seeks to recruit dynamic, passionate, innovative and result orientated professional to the position below;

Actuary – Life Business

Job Purpose

The primary responsibility of this function is to carry out the actuarial valuation, product development, reinsurance, risk-based supervision support and liaising with External Actuaries on the same.

 

Duties and Responsibilities

Responsibility 1: Actuarial Audit 

  •  Submission of periodic spread sheet data to actuaries through finance department
  • Submission of any supportive audit documents required by auditor
  • Responding to requests by auditor and acting as a liaison officer with appointed actuary

 

Responsibility 2: Quarterly Actuarial Valuations 

  • Compiling valuation data and cleaning it up to ensure consistency and integrity
  • Carrying out valuation in pre-developed spread sheets
  • Sending out results for peer review by appointed actuary
  • Preparing regulatory/management report

 

Responsibility 3: Supporting Processes & Product Development

  • Supporting review of existing products, pricing and development of new products
  • Supporting calculation of monthly persistency and retainer workings
  • Maintenance of ordinary life policy status database for customer service support
  • Collecting information and engaging finance department on current policy of distributing expenses
  • Apportion expenses under various business lines of life business and advising management on key cost areas

 

Responsibility 4: Reinsurance

  • Supporting calculation of quarterly ordinary life reinsurance cessions
  • Collecting and cleaning up of relevant reinsurance data for review process on annual basis
  • Scenario testing reinsurance reviews and advising optimal retention levels

 

Responsibility 5: Any other business allocated from time to time

 

Education, Key Competencies and Skills Required;

  • Bachelor’s Degree in Actuarial Science
  • Actuarial qualification
  • At least 3 years’ relevant experience 
  • Professional certification in Insurance or any other relevant field is an added advantage
  • Result Orientation- performance oriented.
  • Interpersonal Skills- excellent interpersonal skills and should be a team player
  • Ability to work in high pressure environment and ability  to Multitask 
  • Industry Knowledge - well versed with product knowledge and industry trends

 

How to apply;

 Interested candidates who meet the above qualifications should send their application letters and CV‘s only to This email address is being protected from spambots. You need JavaScript enabled to view it. stating the current and expected remuneration not later than 20th February, 2018 quoting the position in the subject line. Only shortlisted candidates will be contacted. 

 

National Sales Manager -Ordinary Life

Job Purpose

The role holder will be responsible for planning, directing and coordinating the Retail Life sales and delivery of the sales target through the Financial Advisors (agents). He/ She will grow and defend market share position for The Kenyan Alliance Insurance Company Ltd, in conformity to the best business practices in the insurance industry.

Central to this role is building positive and lasting relationships between Kenyan Alliance and its business partners.

Duties and Responsibilities

  • Manpower and agency force development
  • Training and compliance of the agency managers, partners and support staff.
  • Agency force productivity
  • Agency business management and supervision
  • Market development and penetration
  • Agency motivation and personal growth
  • Agency compensation and other agency services.
  • Performance evaluations.
  • Marketing and advertisement of the company brands and market research.

Education and Key Competencies and Skills Required;

  • Bachelor’s Degree in Business or related field, a Master’s Degree in Business will be an added advantage;
  • Over 5 years’ experience in management of Retail/Ordinary Life sales force in Kenya.
  • Strong leadership skills and focused, charismatic, confident individual with high level of integrity
  • Sales acumen - have practical intelligence and ability to handle different sales related situations
  • Result Orientation- performance oriented
  • Interpersonal Skills- excellent interpersonal skills and should be approachable
  • Ability to work in high pressure environment
  • Ability to Multitask - must be able to prioritize and handle multiple work responsibilities simultaneously
  • Industry Knowledge - well versed with product knowledge and industry trends. 

 How to apply;

Interested candidates who meet the above qualifications should send their application letters and CV‘s only to This email address is being protected from spambots. You need JavaScript enabled to view it. stating the current and expected remuneration not later than 31st January, 2018 quoting the position in the subject line. Only shortlisted candidates will be contacted. 

 

Business Development Officer-Alternative Channels

Job Purpose

Implement Alternative Channels strategies for life business to achieve company sales targets and customer satisfaction goals in-line with the company’s objectives.

Duties and Responsibilities

  1. Establishes productive business/channel partners
  2. Meets assigned targets for profitable sales volume through the channel partners
  3. Develop mutual performance objectives, financial targets, and critical milestones associated with a productive partner relationship.
  4. Sells through partner organizations to end users in coordination with partner sales resources.
  5. Manages potential channel conflict with other firm sales channels by fostering excellent communication internally and externally, and through strict adherence to channel rules of engagement.
  6. Leads solution development efforts that best address end user needs, while coordinating the involvement of all necessary company and partner personnel.
  7. Ensures partner compliance with partner agreements.
  8. Drives adoption of company programs among assigned partners.
  9. Continuously recruits new qualifying partners.

Education, Key Competencies and Skills Required;

  • Bachelor’s degree in Business, economic, Commerce, Marketing, Insurance or equivalent from recognized university
  • Professional certification in insurance, sales, marketing or any other relevant field
  • IT proficient (especially Ms Word, Excel, PowerPoint and Outlook).
  • Over 3 years’ experience in the recruitment and development of business partners and partnerships.
  • Sales acumen - have practical intelligence and ability to handle different sales related situations.
  • Result Orientation- performance oriented.
  • Interpersonal Skills- excellent interpersonal skills and should be approachable.
  • Ability to work in high pressure environment
  • Ability to Multitask - must be able to prioritize and handle multiple work responsibilities simultaneously
  • Industry Knowledge - well versed with product knowledge and industry trends. 

How to apply;

Interested candidates who meet the above qualifications should send their application letters and CV‘s only to This email address is being protected from spambots. You need JavaScript enabled to view it. stating the current and expected remuneration not later than 31st January, 2018 quoting the position in the subject line. Only shortlisted candidates will be contacted. 

 

Bancassurance Officer-Life Business

Job Purpose

The primary responsibility of this function is to sell Life products through the bank channels by building long term relationship with the banks and providing complete after sales services to these clients. 

Duties and Responsibilities

Responsibility 1: New Business Production and sales 

  • Growing already existing accounts in Bancassurance and establishing new tie-ups
  • Preparing quotations and proposals, negotiating terms and closing sales
  • Explore opportunities to develop new markets/ segments
  • Build a good customer base in order to explore opportunities to cross-sell & up-sell
  • Preparing relevant periodic production reports 

Responsibility 2: Bancassurance Relationship Management

  • Ensuring existing bancassurance clients are offered superior services
  • Building long term relationship with the bank staff by ensuring all their queries are addressed promptly and relevant technical guidance is provided
  • Know all the relevant bank branch managers, relationship managers & employees of such branches on a personal level
  • Accept & follow up on request & complaints received from clients and ensuring claim requests are serviced

Responsibility 3: Training of Bank Personnel 

  • Coordinating and organizing training for bank staff on KAI products, processes and business conversion   
  • Advising bank personnel on adequacy of cover requested in relation to available KAI products

Responsibility 4: Product Development and Research 

  • Providing market research/customer feedback to the Company for development of new products and enhancement of existing ones to suite the bank segment needs. 

Any other business allocated from time to time

Education, Key Competencies and Skills Required;

  • Bachelor’s degree in Business, Economics, Commerce, Marketing, Insurance or equivalent from recognized university
  • At least 2 years’ experience in Bancassurance relationships and business
  • Professional certification in Insurance, sales, marketing or any other relevant field
  • IT proficient (especially Ms Word, Excel, PowerPoint and Outlook).
  • Result Orientation- performance oriented.
  • Interpersonal Skills- excellent interpersonal skills and should be approachable.
  • Ability to work in high pressure environment and ability  to Multitask
  • Industry Knowledge - well versed with product knowledge and industry trends. 

How to apply;

Interested candidates who meet the above qualifications should send their application letters and CV‘s only to This email address is being protected from spambots. You need JavaScript enabled to view it. stating the current and expected remuneration not later than 31st January, 2018 quoting the position in the subject line. Only shortlisted candidates will be contacted.