PENSIONS MANAGER/ TECHNICAL 181 views

Vacancy

Applications are invited from suitably qualified and experienced persons to fill the following post that has arisen within the Insurance and Pensions Commission.

PURPOSE OF THE JOB

The job exists to review all aspects of financial management and evaluate compliance issues/concerns on the financial soundness of the insurance industry. The responsibilities of the job will include:
• Analyse regulated entities’ financial statements and produce quarterly and annual reports as well as recommendations to the Commission following assessment of the same.
• Identify potential areas of financial compliance vulnerability and risk;
• Develop/implement corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future.
• Identify potential areas of financial compliance vulnerability and risk; develop/implement corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future.
• Provide guidance on the valuation of different asset classes in which insurers are invested.
• Participate in determining the solvency of regulated entities.
• Provide expert advice on corporate transactions taking place in the industry including mergers, acquisitions, and business restructuring.
• Manage the assessment of compliance with legal and fiscal requirements and other regulatory matters.
• Take a leading role in developing regulatory guidance on applying IFRS standards by insurers/pension funds.
• Assist in the development of technical papers for adoption by entities. Check the reliability and integrity of operational information submitted by regulated entities.
• Confirmation of the application of business best practices.
• Confirmation of financial integrity of entities.
• Analyse the valuation of private equity within the industry.
• Review onsite and offsite financial reports.
• Validation of the existence of assets owned by the entities.
• Check leakages of any nature which can impact the financial well-being of entities.
• Represent IPEC in collaborative arrangements with institutions like PAAB, ACCA, and other regional/ international organisations.
• Coordinate Departmental key projects such as ZICARP in consultation with key stakeholders.
• Departmental Strategy: Assist Director Pensions in mapping the Departmental Strategy.
• Establish target/Focus areas and allocate resources and workloads.
• Departmental budget: Assist Director Pensions in coming up with the annual departmental budget for onward submission to Finance.
• Establish a draft departmental budget and allocate resources and workloads.
• Provide leadership to department staff
• Liaise with key stakeholders

Required Skills
• High analytical skills
• Critical thinking skills
• Good report-writing skills
• Good communication and interpersonal skills
• Good leadership skills

Qualifications
• Degree in Accounting, Financial Management, ACCA, CIMMA, CIS, or equivalent.
• A Master’s degree would be an added advantage.
• Must have a relevant professional qualification as well as be a member of a relevant professional Board.

Experience
• 5 years’ experience in middle management in the financial services sector
• An appreciation of the insurance and pensions business
• Experience in financial regulation will be an added advantage.