Summary
Date Posted: Monday, January 16, 2023 , Base Salary: Not Disclosed

JOB DETAILS:
Inspection Officer —Life
Directorate / Office Supervision
Level IRA 5
Duty Station Head Office
Responsible To Senior Inspection Officer
Responsible For None
Working Relationships

Internal: Departments Heads and Officers
External: Customers/ Insurance players/ Government Officials/Public/ Contractors
Purpose
Monitor and accelerate the growth of the Life products through supporting the Manager Inspection in achieving the set operational and institutional targets in accordance with the provisions of the Insurance Act 2017

Duties And Responsibilities
• Carry out Off-Site and On-Site Inspection of Life Insurance companies, insurance brokers and loss assessors/adjusters.
• 2. Review licence applications for Life insurance companies, insurance brokers, loss assessors/ adjusters and insurance agents.
• 3. Respond to and follow-up on issues raised in the inspection of and other correspòndence with insurance players,
• 4. Monitor the implementation of the provisions of the Insurance Àct 2000 (as amended) and advice on the adequacy of the laws and regulations.
• 5. Review proposals and policy forms, reinsurance arrangements and premium rates for life insurance companies,
• 6, Provide insurance advice to external entities.
• 7. Advise management and external entities on issues regarding Life insurance.
• 8. Analyse and prepare draft reports for management on issues regarding life insurance.
• 9. Any other duties assigned from time to time.

Kev Performance Indicators
• Timely submission of inspection reports.
• 2, Response to inquiries,
• Conduct periodic inspection.
• 4, Compliance to statutory regulations.

Person Specifications
Qualifications
• A relevant Bachelor's (Honors) degree or its equivalent from a recognized University or higher institution of learnmg.

Competencies
• Personal presentation
• 2 Analytical Abilities
• 3. Knowledge of Insurance Prmciples
• 4. Interpersonal Skills
• 5. Organizational Skills
• 6. Communication Skills

Job Experience: No Requirements

Work Hours: 8

Level of Education: Bachelor Degree

Job application procedure
Interested candidates who meet the criterias should submit their applications together with copies ofdetailed up-to-date CVs and at least three referees, not later than 5:00 pm on 30th January 2023 to.
The Chief Executive Officer
Insurance Regulatory Authority of Uganda Plot 6 Lumumba Avenue, Insurance Tower P.o. Box 22855, Kampala
Or emailed to:
vacancies@ira.go.ug 
ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED

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