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  • Posted: Nov 30, 2022
    Deadline: Dec 20, 2022
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Retirement Benefits Authority (RBA) is a regulatory body under the National Treasury, established under Retirement Benefits Act. The Retirement Benefits Act was enacted as part of the on-going reform process in the financial sector in order to bring the retirement benefits industry under a harmonized legislation, to address the many problems that have hither...
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    Deputy Director, Supervision (Scheme Risk Management & Actuarial Services)

    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.

    Method of Application

    Interested and qualified? Go to Retirement Benefits Authority on to apply

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