Deputy Director, Supervision (Scheme Risk Management & Actuarial Services) at Retirement Benefits Authority

Job Purpose

The Deputy Director, Supervision (Scheme Risk Management & Actuarial Services) is responsible for risk assessment of schemes and service providers to ensure stability of the retirement benefits industry.

Job Requirements

• Bachelors Degree in any of the following disciplines: finance, law, economics, commerce, business administration, social security or its equivalent qualification from a recognized institution;
• Masters Degree in any of the following: finance, law, economics, commerce, actuarial science, business administration, social security or its equivalent qualification from a recognized institution;
• Relevant professional qualification and membership to a professional body, in good standing, where applicable;
• At least ten (10) years’ relevant work experience with at least five (5) years’ experience in a managerial role;
• A certificate in a management course lasting not less than four (4) weeks;
• Demonstrated merit and ability as reflected in work performance
• Proficiency in computer applications; and,
• Fulfills the requirements of Chapter 6 of the Constitution

Job Specifications

• Ensuring the execution of compliance report findings in compliance with the statutory requirements and preparing management reports.
• Follows through on recommendations on reserves and surplus distribution strategies and preparing reports.
• Ensuring inspection of retirement benefits schemes and service providers and providing appropriate interventions;
• Managing and mitigating risks faced by retirement benefits schemes to enable prompt intervention and corrective action;
• Reporting on amalgamations, transfers and restructures to ensure that retirement benefits schemes remain financially sound and member benefits are protected;
• Preparing advisory to trustees and members on issues relating to benefits computation;
• Reviewing independent actuarial valuations of retirement benefits schemes or cohort of members on need basis to support decision making;
• Reviewing prudential guidelines for the retirement benefits industry and recommending as appropriate;
• Managing the process of review, development and implementation of the Standard Operating Procedures in Quality Management Systems of audit recommendations; and
• Monitoring and reporting on performance progress and risk mitigation activities.

Key Competencies and Skills

• Strategic thinking and analytical skills;
• Writing, communication and reporting skills;
• Managerial skills and ability to lead teams;
• Mentoring and coaching skills;
• Interpersonal skills; and
• Team player.