Invesco Chief Internal Auditor, Senior Legal Officers Jobs in Kenya

Invesco Assurance Company Ltd is an underwriter licensed to transact all lines of general insurance business.

Invesco Assurance Company Limited has its headquarters in Nairobi and branches country wide.

Invesco was placed under Statutory Management on 28th February 2008 and after intense restructuring emerged from Statutory Management on 18th Jan 2010.

In the period after re-opening, the company has operated satisfactorily and grown steadily.

Invesco now seeks to recruit a highly qualified Chief Internal Auditor to be part of its senior management team and a Senior Legal Officer to join the claims section.

Chief Internal Auditor

Job Purpose:  
The internal audit function is a management tool to ensure compliance with laid down financial systems policies, procedures and government regulations. It is also an investigative tool to monitor whether resources are being prudently managed and to carry out value for money audits.

This role is responsible for planning audit coverage, management and co-ordination of all internal audit work within Invesco Assurance Company and reporting to the Board Audit Committee.

Key Tasks, Duties and Responsibilities
  • Responsible for developing and leading the Audit section in a professional manner
  • Responsible for the preparation of audit plans having regard to appropriate measures of risk
  • Responsible for reporting audit findings to the Board Audit Committee
  • Responsible for preparing reports for management, committees and relevant groups and conducting quarterly health checks on adequacy of established internal controls, the ERM model and risk and compliance functions.
  • Responsible for ensuring that all external audit and regulatory audit recommendations are fully implemented.
Professional Qualifications and Experience
  • Bachelor of Commerce in Accounting / Finance/Economics or other Business related field.
  • Possession of Masters level training or good progress an added advantage
  • Full member of ICPAK through CPA or ACCA.
  • Full CISA with at least two (2) years demonstrated post qualification experience.
  • At least 6 years’ progressive experience, of which two should be at senior management and four in a top audit firm.
Other requirements
  • Knowledge of popular CAAT packages an advantage;
  • Team leader with great interpersonal, communication and presentation skills.
  • Aged between 35 – 45 years
Senior Legal Officers

Job Purpose: 
To handle all Claims legal issues and help the company mitigate against legal suits in the interests of both the company and its customers.

Key Duties and Responsibilities
  • Instructing company Advocates to review or appeal judgments and negotiate for a scheme with third party Advocates
  • Calling for verification of documents by Investigators and verifying involvement of claimants and advising the Claims Manager on all legal issues
  • Perusing court files to ascertain reported accidents and confirm the claimant position.
  • Negotiate judgment amounts with claimant and quantify amounts for out of court settlement
  • Liaising with Auctioneers for their fees and seeking indulgence where warrants for stay orders are attached
  • Assist in payment approvals and coordination of fee payments to relevant service providers
Professional Qualifications and Experience
  • Bachelor of Law degree
  • Diploma in Law from Kenya School of Law
  • Advocate of the High Court
  • Professional training in Insurance e.g. diploma in Insurance or ACII will be an added advantage
  • At least 4 years progressive experience
Other requirements
  • Good legal writing, communication, negotiation and supervisory skills
  • Planning & organizing skills
  • Strong team player
  • Ability to work under hours and under strict deadlines.
  • Aged between 28 – 35 years
All interested candidates should submit an application letter and updated detailed curriculum vitae with copies of certificates and testimonials to reach the undersigned on or before 3rd July 2013.

Chairman – Human Resource Committee
Invesco Assurance Company Limited
3RD Floor, Bishop Magua Building
Ngong Road off George Padmore lane.
P. O. Box 52964-00200, Nairobi