Job Description
Job Title Managing Trustee
Grade PCF 1
Terms of Service Three (3) years contract renewable once subject to
performance and retirement age.
Location / Workstation Head Office, Nairobi
Reporting Relationships
Reports to Board of Trustees
Direct Reports
1. Corporation Secretary & Director Legal Services
2. Director, Compensation and Insurance Risk
Monitoring
3. Director, Statutory Management & Liquidation
4. Director, Corporate Services
5. Director, Internal Audit (Administratively)
6. Deputy Director, Supply Chain Management
7. Deputy Director, Research, Strategy & Planning
8. Senior Office Administrator
Job Purpose
To provide strategic leadership in the management of the Fund towards enhancement of
confidence in the insurance industry through timely compensation of policyholders of
Insurers placed under statutory management or whose license has been cancelled,
Statutory Management and Liquidation of troubled insurers and providing policy
advisory services to the Cabinet Secretary, National Treasury & Economic Planning, on
all matters related to compensation and resolution as enshrined in the Insurance Act.
Key Responsibilities/ Duties / Tasks
I. Managerial / Supervisory Responsibilities
1) Spearhead the development, implementation and review of policies,
guidelines strategies and procedures for providing compensation to
policyholders and claimants of insurers placed under statutory management
or whose license has been cancelled.
2) Provide strategic leadership in formulation, implementation and review of
policies, guidelines, strategies and procedures for monitoring the risk profiles
of insurers to enable early intervention and preparedness.
3) Provide strategic leadership in formulation, implementation and review of
policies, guidelines, strategies and procedures for statutory management to
enable efficient resolution of insurers under statutory management or whose
license has been cancelled.
4) Provide strategic leadership in formulation, implementation and review of
policies, guidelines, strategies and procedures for liquidation of insurers as
ordered by the court to ensure the interest of claimants and creditors against
assets of the insurer are protected.
5) Spearhead effective management of the “PC Fund” to promote the interest of
policyholders and enhance confidence in the insurance industry.
6) Spearhead formulation, implementation and review of policies, guidelines,
strategies and procedures for investment of the levy contribution to ensure
the Fund’s financial sustainability.
7) Speared development, implementation and review of policies and strategies
to ensure Financial Sustainability of the Fund through mobilization of
resources and strengthening of internal control systems and processes.
8) Speared development, implementation and review of policies and strategies
to enhance institutional capacity through promotion of good corporate
governance, attracting, developing and retaining competent staff, enhancing
service delivery and provision of ample working environment.
9) Spearhead prudent investment of financial assets of insurers under Statutory
Management or whose license has been cancelled to preserve the asset value
for efficient resolution of insurers.
10) Accounting officer of the Fund with overall responsibility and holder of the
Authority to Incur Expenditure (AIE) in accordance with the PFM Act.
11) Provide strategic direction in documentation and resolution of legal issues
affecting the Fund.
12) Spearhead the distribution of proceeds of sale of assets of an insurer under
liquidation as provided in the Insolvency Act and in the interest of claimants
and creditors.
13) Spearhead the review of all contractual agreements of Insurers placed under
statutory management for cost management geared towards effective
resolution.
14)Issue public notice on the commencement of compensation of claimants and
policyholders of insurers placed under Statutory Management or whose
licence has been cancelled.
15) Spearhead engagements with shareholders and potential strategic investors
to review and consider revival strategy options for Insurers under statutory
management in the best interest of the Insurer and the policyholders.
16) Advise the Cabinet Secretary on the national policy to be followed with
regard to matters relating to compensation of policyholders and resolution of
Insurers under statutory management and liquidation.
17) Provide advice to the Board of Trustees and Government on all matters
related to PCF, member institutions and insurers under statutory
management.
18) Provide strategic leadership in development, implementation and review of
the Fund’s strategic plan, vision, mission and objectives.
19) Provide strategic leadership in formulation, implementation and review of
innovative strategies to leverage on technology and business process reengineering to enhance service delivery to stakeholders.
20) Provide strategic leadership in the establishment and strengthening of
effective collaborations and partnerships with Insurance Guarantee Schemes,
development partners, Government agencies, private sector, strategic
partners and any other relevant stakeholders aimed towards the attainment
of the Fund’s mandate.
21) Provide linkage between the Board and Management to ensure timely
communication of strategies, policies and directives for growth, effective and
efficient service delivery to the stakeholders.
22) Provide leadership in formulation, implementation and review of financial
and accounting policies and procedures that meet requirements of the Public
Finance Management Act, International Public Sector Accounting Standards
and other related government regulations to ensure prudent and optimal
utilization of the Fund’s financial resources.
23) Spearhead the development, review and implementation of performance
management system to monitor, evaluate, report and reward performance in
line with agreed performance targets and service standards of the Fund.
24) Primarily responsible for ensuring that the Fund fulfils its obligations as per
the Public Procurement and Asset Disposal Act and Public Procurement
Assets and Disposal Regulations.
25) Provide strategic leadership in fiscal planning to ensure the liquidity and
continuity of the Fund, including management of revenue, expenditure,
assets and liabilities.
26) Official spokesperson of the Fund and responsible for stakeholder
management and consumer education strategy for enhancement of the
corporate image of the Fund.
27) Provide strategic leadership in development, implementation, monitoring
and review of the Fund’s annual budgets, corporate annual work plan, annual
consolidated procurement and disposal plan, annual performance contract
and the Fund’s annual reports.
28) Provide strategic leadership in development, implementation, monitoring
and review of Quality Management Systems for process improvement and
enhanced service delivery.
29) Spearhead research, studies, surveys, and benchmarking to ensure adoption
of best practices and emerging trends on matters relating to the Fund’s
mandate and dissemination of research findings and recommendations to the
stakeholders.
30) Provide strategic leadership in supervision, coaching, mentoring, training
and development of all staff to ensure an efficient and motivated team.
31) Provide strategic leadership in formulation, implementation, monitoring, and
review of risk management policy and framework that ensures the Fund has
a robust system and processes of accountability, enterprise risk management
and business continuity.
32) Provide strategic leadership in conservation, harnessing and dissemination of
knowledge and information as well as management of the Fund’s resource
centre.
33) Provide strategic leadership in development, implementation and review of
the citizen service delivery charter to enhance accountability and
transparency in service delivery to stakeholders.
34) Provide strategic leadership in the development of the Fund’s legal and
regulatory framework that ensures achievement of the Fund’s mandate.
35) Advise the Board and Management on governance and ethical issues.
36) Provide guidance and updates on emerging laws and government policies to
ensure the Fund’s legal and contractual obligations are met.
37) Facilitate induction, evaluation of performance and development
programmes for the Board of Trustees.
38) Provide strategic leadership in the preparation of annual almanac, Board
papers, review of the Board Charter and implementation of resolutions in
compliance with Mwongozo Code of Governance for State Corporations.
39) Provide leadership in the development and implementation of corruption
prevention and mitigation strategies in the Fund.
40) Facilitate both internal and external audit processes in the Fund.
41) Oversee resolution of public complaints and processing of requests for access
to information to enhance the public confidence in relation to the Fund’s
mandate.
II. Operational Responsibilities / Tasks
1) Provide oversight of all activities of the Fund and manage the day-to-day
operations for a smooth functioning and efficiency of the Fund.
2) Liaise with the Chairperson of the Board of Trustees to enable the Board to fulfil
its governance functions and facilitate the optimal performance by the Board,
its committees and individual members.
3) Spearhead development, implementation and review of strategies on provision
and maintenance of conducive work environment.
4) Provide leadership to management and staff and chair the Fund’s management
committee.
5) Responsible for the implementation of Board resolutions.
6) Provide regular, thorough and prompt communication to the Board of Trustees
on key technical, financial and administrative matters.
7) Responsible for staff performance management.
8) Authenticate the use of the common seal of the Fund and insurers under
statutory management.
Job Competencies (Knowledge, Experience and Attributes / Skills).
Academic qualifications
1) Master’s Degree in the following fields: Business Administration, Insurance,
Actuarial Science, Finance, Economics, Commerce, or its equivalent from a
recognized and accredited institution.
2) Bachelor’s Degree in any of the following fields: Business Administration,
Insurance, Actuarial Science, Finance, Economics, Commerce, or its equivalent
from a recognized and accredited institution.
Professional Qualifications / Membership to professional bodies
1) Leadership Course lasting not less than six (6) weeks (cumulative) from a
recognized institution.
2) Professional qualification and membership to a professional body and be in good
standing where applicable.
3) Proficiency in computer applications.
4) Fulfil the requirements of Chapter Six (6) of the Constitution of Kenya (2010)
Previous relevant work experience required.
At least Fifteen (15) years’ proven experience in a relevant field five (5) years of which
must be at the level of senior management.
Functional Skills, Behavioural Competencies/Attributes:
1) Strategic Visioning.
2) Strategic Thinking.
3) Change Leadership and Risk Management.
4) Communication with impact.
5) Analytical, problem solving and decision-making skills.
6) Policy formulation skills.
7) Interpersonal & team management skills.
8) Collaborations and partnerships.
9) Managing managers.
10)Resilience.
11) Negotiation skills.
12) Flexibility.
13) Financial management and budgeting.
14) Performance management skills.
15) Coaching and mentoring skills.
16) Emotional Intelligence.
GENERAL APPLICATION REQUIREMENTS
Interested candidates, who must be Kenyan citizens, should submit their
applications including copies of their academic and professional certificates, a copy
of the National Identity Card or valid passport, an updated Curriculum Vitae (CV)
detailing academic and professional qualifications, email address and a daytime
telephone number. The CV should also include the email and telephone contacts of
at least three (3) referees who can speak on your competence, character and
integrity. All application must contain the reference number and job title on the
subject matter (on letter and email) and on the envelope.
OTHER KEY REQUIREMENTS
Successful candidates in the interviews will be required to present and satisfy the
requirement of Chapter Six of the Constitution of Kenya 2010 by providing original
copies of the following documents as an employment condition:
a) A certificate of Good Conduct from the Directorate of Criminal Investigations
(DCI).
b) A Clearance Certificate from the Higher Education Loans Board (HELB).
c) A Tax Compliance Certificate from the Kenya Revenue Authority (KRA).
d) Clearance certificates from the Ethics and Anti-Corruption Commission
(EACC) i.e. Completed First Schedule (s.13) and a self-declaration form
e) A clearance Certificate from an Approved Credit Reference Bureau (CRB) in
Kenya