KR
Manager, Retakaful
Kenya Reinsurance Corporation Limited (Kenya Re)
Nairobi·Masters·Closed
At a glance
The Manager, Retakaful at Kenya Re leads the Corporation's Islamic reinsurance window, responsible for Sharia-compliant underwriting, claims, investments, and governance including serving as Secretary to the Sharia Supervisory Board. The role requires a Masters degree in Actuarial Science, Mathematics, Statistics, Commerce, MBA, Finance, Strategic Management, or Insurance, along with insurance professional qualifications (ACII or AIIK) and 10 years' experience with 3 years at Assistant Manager level. A rare and specialised role combining reinsurance expertise with Sharia compliance knowledge.
SectorFinance
GradeKRC Grade 4C
Deadline2026-06-10
Posts1
About
Kenya Reinsurance Corporation Limited (Kenya Re) is a government-owned reinsurer. The Manager, Retakaful leads the strategic development, growth, and operational oversight of the Corporation's Retakaful Window, ensuring full Sharia compliance across underwriting, claims, investments, and governance.
Key Responsibilities
•Develop and implement the Retakaful business strategy in alignment with Kenya Re's overall corporate objectives and growth targets
•Manage, monitor, and grow the Retakaful portfolio to achieve profitability, portfolio diversification, and sustainable business expansion
•Promote and market Retakaful products to existing and prospective clients locally, regionally, and internationally
•Oversee underwriting of Retakaful treaties and facultative business, evaluating and approving risks in line with Sharia principles
•Manage Retakaful claims processing, ensuring fairness, efficiency, timeliness, and full Sharia compliance
•Ensure full adherence to Sharia Law and principles in all Retakaful operations, investments, product offerings, documentation, and internal processes
•Serve as Secretary to the Sharia Supervisory Board, including preparation of agendas, reports, minutes, and follow-up on resolutions
•Prepare and present timely Retakaful performance reports, financial updates, and annual Sharia compliance reports to Management and the Board
Requirements
✓Master's Degree in any of the following disciplines: Actuarial Science, Mathematics, Statistics, Commerce, Business Administration (MBA), Finance, Strategic Management, Insurance, or an equivalent qualification from a recognized and accredited institution
✓Bachelor's Degree in any of the following disciplines: Actuarial Science, Mathematics, Statistics, Bachelor of Science (General), Commerce (Insurance Option), Business Administration (Finance, Accounting, Marketing or Insurance Option), Business Management (Finance or Accounting Option), Strategic Management, or an equivalent qualification from a recognized and accredited institution
✓Associate in Insurance (ACII – London), Diploma in Insurance – Kenya, or an AIIK or equivalent qualification from a recognized institution
✓Membership in the Insurance Institute of Kenya (IIK) or an equivalent professional body, in good standing
✓A management course lasting not less than four (4) weeks from a recognized institution, or its equivalent
✓Proficiency in computer applications
✓Fulfilment of the requirements of Chapter Six of the Constitution
✓At least ten (10) years of relevant work experience of which three (3) years must have been in an Assistant Manager position
✓Demonstratable team management experience and interaction with Board of Directors
CHAPTER SIX
This role requires Chapter Six compliance — proof is only needed once you're offered the job, not at application time.
How to Apply
Submit CV, credentials, and cover letter (as attachments) by post or email, quoting the position applied for and outlining how you meet the requirements, to: The Human Resource Manager, Kenya Reinsurance Corporation Limited, P.O Box 30271, 00100 GPO, Nairobi. Email: recruitmentkrc@kenyare.co.ke. Closing Date: 10th June 2026.