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

JOB DETAILS:
Risk Officer
Directorate / Dept. / Office Supervision
Level IRA 5
Duty Station Head Office
Responsible to Senior Risk & Actuarial Officer
Responsible for None
Working Relationships Internal: Supervision Department
External: Customers/ Professional advisors/ Government Officials

Purpose
Provide support in coordination, monitoring and evaluation of the level of risk within IRA and in the Insurance Sector.

Duties And Responsibilities
• 1, Participate in the development of risk indicators and update the risk dashboard,
• 2. Review the risk management frameworks put in place by the industry players and provide guidance on their effectiveness.
• 3. Review risk management reports (Own Risk and Solvency Assessment, Risk Management Reports etc.) and provide technical guidance in risk management, 4, Continuously update existing actuarial models.
• 5. Participate in risk management surveys,
• 6. Monitor insurance companies compliance with the provisions of the Act in aspects such as capital adequacy/ solvency, investment etc.
• 7. Review new/modified insurance products, accompanying premium rates, Commission rates.
• 8. Carry out any other duties assigned from time to time.

Key Performance Indicators
• Timelÿ submission of risk management reports,
• 2. Updated risk dashboard,
• 3. Statutory compliance Reports submitted on time. Person Specifications
Qualifications
1. At least a Bachelors (Honours) Degree In Actuarial Science, Mathematics, Statistics or its equivalent from a recognised University/ Higher Institution of Learmng

Competencies & Knowledge
Personal presentation
• 2, Analytical skills
• 3, Risk management
• 4. Interpersonal skills
• 5. Supervisory 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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