VFIFC is developing as a credible, competitive jurisdiction with an internationally aligned regulatory framework.
VFIFC invites applications from suitably qualified and experienced professionals for the senior leadership position of Head of Insurance Regulation and Supervision.
Job Summary
- Employer: vfifc
- Job Type: Full-time
- Location: Victoria Falls, Zimbabwe
- Category: Financial Services
- Closing Date: 2026-10-14
Key Responsibilities
- Establish and lead the Centre’s insurance regulatory and supervisory function.
- Assess applications for insurance and related licences, registrations and recognition.
- Implement prudential supervision.
- Establish and enforce market-conduct and policyholder-protection standards.
- Develop and review insurance regulations, rules, directives, prudential standards and supervisory guidance, benchmarked against international practice and IAIS principles.
- Develop frameworks for cross-border supervision, foreign-regulator recognition, regulatory equivalence and home-host cooperation.
- Ensure supervision addresses anti-money laundering, counter-terrorist and proliferation financing, beneficial ownership, customer due diligence, suspicious transaction reporting and sanctions.
- Coordinate with IPEC, the Reserve Bank of Zimbabwe, the Financial Intelligence Unit, ZIDA, SECZIM and foreign regulators.
- Lead supervisory intervention, remediation, investigation and enforcement.
Requirements
- A bachelor’s degree in Insurance, Actuarial Science, Finance, Economics, Accounting, Risk Management, Law, Business Administration or another relevant discipline from a recognised institution.
- At least five years of experience at senior management or senior technical level.
- At least 10 years of relevant professional experience in insurance, insurance regulation, prudential supervision, reinsurance, actuarial services, financial services regulation or a closely related field.
- Experience engaging boards, senior executives, regulators and other high-level stakeholders.
- Experience developing or implementing regulatory frameworks, policies, standards or supervisory methodologies.
- Demonstrable technical knowledge of insurance regulation, prudential supervision, insurance operations, risk management or actuarial principles.
How to Apply
Frequently Asked Questions
What qualifications and certifications are typically required for a Head of Insurance Regulation and Supervision role in Zimbabwe?
A relevant degree in Actuarial Science, Finance, Law, or Economics is essential, often supplemented by professional certifications such as ACII from the Chartered Insurance Institute or local designations from the Insurance Institute of Zimbabwe. Many employers also prefer candidates with postgraduate qualifications or regulatory training from institutions like the Africa Centre for Financial Regulation. Membership in professional bodies demonstrates commitment to ongoing education in this evolving field.
What are the typical day-to-day responsibilities in this role?
Daily duties include reviewing insurance license applications, conducting risk-based supervision of regulated entities, and drafting regulatory guidelines aligned with the Insurance Act and ICP standards. You will also engage with industry stakeholders, analyze financial returns from insurers, and report to senior management or the board on compliance trends. Significant time is spent monitoring market conduct and ensuring policyholder protection.
How does the local work culture in Zimbabwe's financial sector affect this position?
The role demands high accountability due to public scrutiny of regulatory bodies and the need to maintain market confidence in a challenging economic environment. Hierarchical decision-making is common, so building relationships with ministry officials and industry leaders is crucial. Flexibility is required as regulatory frameworks are frequently updated to address emerging risks like climate change and digital insurance.
What career progression opportunities exist from this position?
Successful performers may advance to Commissioner of Insurance, Deputy Director roles in broader financial sector supervision, or senior positions at regional bodies like the IAIS or African Insurance Organisation. Some transition to executive roles in insurance companies with compliance expertise, or into consultancy advising on regulatory strategy. International exposure through technical assistance programs can accelerate advancement.
What benefits are typically offered for senior regulatory positions in Zimbabwe?
Benefits usually include medical aid coverage, pension contributions through NSSA or occupational schemes, and annual leave entitlements often exceeding standard labor provisions due to the seniority of the role. Some employers provide housing or transport allowances, professional development funding, and performance bonuses. Public sector roles may offer job security and pensionable tenure, while private regulatory bodies sometimes have more flexible packages.
How should I apply and what do Zimbabwean employers prioritize in candidates?
Applications typically require a detailed CV, certified academic and professional certificates, and references from senior industry or regulatory contacts. Employers prioritize demonstrated experience in insurance operations or supervision, knowledge of Zimbabwe's regulatory landscape, and integrity given the sensitive nature of the role. Tailor your application to show understanding of local challenges such as currency volatility and informal sector penetration.
