Summary
Date Posted: Friday, December 30, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

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
1. 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 correspondence with insurance players.
4. Monitor the implementation of the provisions of the Insurance Act 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.

KEY PERFORMANCE INDICATORS
1. Timely submission of inspection reports.
2. Response to inquiries.
3. Conduct periodic inspection.
4. Compliance to statutory regulations.

PERSON SPECIFICATIONS
Qualifications
1. A relevant Bachelor's (Honors) degree or its equivalent from a recognized University or higher institution of learning.

Competencies
1. Personal presentation
2. Analytical Abilities
3. Knowledge of Insurance Principles
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 of detailed 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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