Stima Sacco Insurance Officer Career in Kenya

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Stima Savings and Credit Cooperative Society Limited (Stima Sacco) is a leading country-wide, fast growing and licensed DTS (Deposit Taking Sacco) with an asset base of Kshs. 25bn, a loan book of Kshs22bn, and membership of over 90,000 derived from the energy, utilities, TSC, services, small and micro enterprises (SMEs) among other sectors.

Its key priority in the 2016-2020 Strategic Plan is to transform its business model and grow the business through innovative products, unparalleled customer service, aggressive resource mobilization and expanded distribution channels. 


In order to achieve the planned growth, the Sacco is looking for qualified and competent person to fill the following vacancy: Insurance Officer

Society Vision: To redefine financial wellness

Job Summary: The Sacco seeks an Insurance expert with the overall responsibility of executing the Society’s long-term vision and strategy, policies, development of business plans and company budgets. 

Duties & Responsibilities

Reporting to the Chief Manager Business Development, the job holder will be responsible for:

  1. Growing the Society’s revenue base through Insurance brokerage fees and commissions among others;
  2. Implementing strategies, policies and standards relating to Insurance function in line with the Society objectives;
  3. Promoting the function’s responsibilities focusing on developing Society plans, objectives, strategies, policies, norms and procedures;
  4. Providing Insurance cover for assets, human resources and potential legal liabilities of the Society;
  5. Administering Insurance policies including monitoring of claims and recoveries;
  6. Providing advice on Insurance matters as required;
  7. Keeping the Society abreast on emerging issues in the Insurance field;
  8. Negotiating Insurance disputes with customers and other parties with a view to settling them out of court;
  9. Creating Insurance awareness among the Society staff;
  10. Facilitating settlements of Insurance claims through Insurance brokers;
  11. Participating in the procurement of Insurance services for the Society;
  12. Managing human, financial and material resources assigned to the department;
  13. Any other duties as may be assigned from time to time.

Qualifications & Skills

  • Bachelor of degree from a recognized institution.
  • Diploma in Insurance management from a recognized institution.
  • Registered with the Chartered Institute of Insurance or other relevant professional bodies.
  • Served for at least three (3) years at a level of Senior Insurance Officer.
  • Five (5) years’ experience in the Insurance industry with extensive knowledge of marketing issues.
  • Sound knowledge of the Insurance products and services and IRA regulations.
  • High levels of professionalism, honest with impeccable integrity (high ethical standards).
  • Good management ability with capacity to grow, support and develop talent within the Society.
  • Demonstrable business acumen and excellent communication, social and presentation skills.
  • Exceptional oral and written communication skills with the ability to communicate clearly and persuasively, interpret documents, understand procedures, write reports and correspondence, and speak clearly to third parties and employees.
  • Ability to meet reporting expectations of the Board, investors and statutory bodies
  • Excellent decision making skills.
  • Strong leadership and team building skill and experience with the ability to develop and maintain a Management team.
  • Excellent organization, delegation, performance management, administration, analytical, influencing, negotiation and time management skills.
Qualified applicants should send their Application Letter and Detailed CVs to email protected on or before 5pm on 17th November 2017 indicating the position applied for as the subject line.

Only Shortlisted Candidates will be contacted.

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