Assistant Manager – Retakaful Job Kenya Re

Insurance Jobs, Kenya Reinsurance Corporation Jobs.

Reports to: Manager, Retakaful

Job Purpose

The Assistant Manager – Retakaful is responsible for supporting the Manager in the day-to-day management and growth of the Retakaful business. This role ensures efficient processing of Retakaful operations, accurate financial reconciliations, timely collections and payments, and strict adherence to Sharia principles across all activities. The position also serves as Secretariat to the Sharia Supervisory Board and contributes to the overall development, profitability, and operational excellence of Kenya Re’s Retakaful Window.

Key Responsibilities

Financial Processing & Reconciliations

• Premium & Loss Management: Support the timely release of retained premiums, loss reserves, and related returns to cedants and brokers in line with Retakaful principles.
• Transaction Processing: Ensure accurate and timely raising, processing, and reconciliation of Monthly Debit/Payments (MDPs), premium adjustments, profit commissions, reinstatement premiums, and other treaty/facultative transactions.
• Recoveries & Reconciliations: Process recoveries from reinsurers and retrocessionaires while ensuring all balances due to and from Kenya Re are accurately captured and reconciled in the system.
• Account Monitoring: Monitor and manage runoff accounts, outstanding balances, and facilitate timely settlement of obligations.

Business Analysis & Underwriting Support

• Business Evaluation: Analyse and process inward international treaty and facultative business (both new and existing).
• Slip Review: Review and validate treaty slips, determine acceptance shares, and ensure accurate and timely generation of confirmations.
• Data Analysis: Analyse facultative offers, treaty technical statements, and quarterly returns submitted by ceding companies.
• Technical Advisory: Provide technical support and advisory services to cedants and brokers on Retakaful and reinsurance matters.

Account Management & Debt Collection

• Credit Control: Conduct regular reconciliation of cedant and broker accounts, follow up on outstanding balances, and drive timely debt collection.
• Performance Reporting: Prepare weekly debt and performance reports for Management.
• Finance Liaison: Liaise with the Finance department to confirm balances and ensure prompt settlement of accounts.

Compliance, Reporting & Sharia Governance

• Board Secretariat: Serve as Secretariat to the Sharia Supervisory Board — preparing agendas, reports, minutes, and tracking the implementation of resolutions.
• Sharia Compliance: Ensure full Sharia compliance across underwriting, claims, investments, product development, and all Retakaful operations.
• System Integrity: Review the accuracy and integrity of financial and technical reports generated from the Reinsurance System.
• Ceding Monitoring: Monitor compliance of ceding companies with Kenya Re’s submission and reporting requirements.

Stakeholder Engagement & Additional Duties

• Scheme Support: Support stakeholder awareness initiatives, including the Yellow Card Scheme where applicable.
• Treaty Renewals: Participate in quarterly treaty confirmations, renewals, and compulsory share validations.
• Statutory Reporting: Prepare periodic management and statutory reports on Retakaful operations.
• General Duties: Perform any other duties as may be assigned from time to time.

Requirements / Person Specifications

Academic Qualifications

To be considered for appointment to this grade, the candidate must possess:

• Bachelor’s Degree in any of the following disciplines: Insurance, Actuarial Science, Strategic Management, Project Planning and Management, Economics, Statistics, Commerce, Business Management, Mathematics, or an equivalent qualification from a recognized and accredited institution.
• Master’s Degree in any of the following disciplines: Insurance, Actuarial Science, Strategic Management, Statistics, Project Planning and Management, Economics, Business Management, Mathematics, or an equivalent qualification from a recognized and accredited institution.

Professional Qualifications

The candidate must have:

• Diploma in Insurance (IIK) or Diploma from the Chartered Insurance Institute (CII).
• Advanced Chartered Insurance Institute (ACII) qualification will be an added advantage.
• Professional Membership: Active membership to the Insurance Institute of Kenya (IIK) or an equivalent professional body in good standing.
• Specialized Knowledge: Knowledge of Retakaful operations and Sharia-compliant insurance principles will be an added advantage.
• IT Literacy: Proficiency in computer applications.
• Constitutional Compliance: Must fulfill the requirements of Chapter Six of the Constitution of Kenya.

Experience

• Total Experience: At least eight (8) years of relevant work experience (Note: corrected original typo “twelve (8)”).
• Supervisory Experience: Minimum of three (3) years of experience in a supervisory position.
• Domain Expertise: Demonstrable experience in team leadership, stakeholder engagement, and operational coordination within insurance, reinsurance, or Retakaful environments.

Core Competencies & Skills

• Excellent interpersonal and communication skills.
• Strong planning, organizing, problem-solving, and decision-making skills with the ability to work under pressure and meet strict deadlines.
• Strong analytical, report writing, and presentation skills.
• Team leadership and collaboration skills.
• Solid knowledge of auditing concepts, governance principles, internal controls, and risk management practices.

How to Apply

Terms and Conditions of service

These positions will be on permanent and pensionable terms of employment, in accordance with the provisions of the Corporation’s Human Resource Policy and Procedures Manual and the schedule above.

The detailed job specifications, job descriptions, requirements for appointment, and instructions on how to apply can be accessed on the Kenya Re website under the Careers section.

Applicants should indicate their current or most recent salary in their CV, as well as whether they are persons living with a disability. They should submit, either by post or email, their CV, credentials, and cover letter (as attachments), quoting the position applied for and outlining how they meet the requirements for the position, addressed to:

The Human Resource Manager
Kenya Reinsurance Corporation Limited
P. O Box 30271, 00100 GPO
NAIROBI
E-mail: recruitmentkrc@kenyare.co.ke.
Closing Date: 10th June 2026