Risk Analyst Job. Insurance Jobs In Kenya

Job Purpose:

The role holder is responsible for identification, assessment, monitoring and reporting on risks affecting the company, including insurance underwriting, operational, financial and regulatory risks. The Risk Analyst supports the enterprise risk management (ERM) framework to ensure risk-informed decision-making and compliance with Insurance Regulatory Authority (IRA) guidelines.

Key Responsibilities:

Risk Identification & Assessment

• Conduct risk assessments across departmentsoperations.
• Maintain and update the corporate risk register.

Risk Analysis & Reporting

• Quantify risks using statistical, financial, or actuarial methods
• Prepare risk dashboards, heat maps and risk reports for senior management and Board
• Track and report on key risk indicators (KRIs) and emerging risks.

Compliance & Regulatory Alignment

• Ensure alignment with Insurance Regulatory Authority (IRA) risk management guidelines and filings.
• Assist in preparing documentation for audits and compliance reviews.
• Support risk-related disclosures in regulatory submissions and financial statements.

Risk Mitigation & Controls

• Collaborate with departments to design and monitor risk mitigation plans and controls.
• Evaluate the effectiveness of internal controls and recommend improvements.
• Follow up on risk events and incident reports; track resolution of action items.

Stakeholder Engagement

• Support training and awareness programs on risk management for staff.
• Liaise with auditors, reinsurers, underwriters, actuaries, and other risk partners.
• Participate in the development of business continuity and disaster recovery plans.

Academic Qualifications

Bachelors degree n Actuarial science, Statistics, Risk Management or related field from a recognized institution

Professional Qualifications

Professional certification in Risk management or progress toward actuarial credentials is an advantage.

How to Apply

If you qualify for the above advertised role, kindly send us a detailed CV and Application Letter clearly demonstrating your fit as per the roles & responsibilities and the person specifications (academic/professional qualifications, experience, skills & attributes) listed above.

Applications that do not conform to the Application Instructions will not be considered.

Kindly send your application documents to human.resource@directline.co.ke to reach us on or before 5.00pm Monday 23rd June 2025.