Job Details

Job Description

The Pensions and Insurance Authority (“the Authority”) is the regulatory and supervisory authority for the pensions and insurance industries in Zambia as provided for in the Pension Scheme Regulations Act No.28 of 1996 (as amended) and the Insurance Act No. 38 of 2021. The Authority supervises and regulates entities operating in the pensions and insurance market. These include insurance companies, reinsurance companies, insurance intermediaries, pension schemes, pension fund managers and pension fund administrators.

The Authority hereby invites applications from suitably qualified and experienced candidates to fill the position of Deputy Registrar – Pensions.

Overall responsibilities:-

Reporting to the Registrar who is the Chief Executive Officer, the Deputy- provides leadership in the provision of technical support to the Registrar in the enforcement of provisions of Pension Scheme Regulation Act in order to promote a thriving, stable and reliable Pension industry in Zambia.

Specific duties: –

• Providing leadership and direction to the Department in fulfilling the objectives set out in the Pension Scheme Regulation Act.
• Taking lead in the development of the Authority’s strategy in the Pensions department.
• Advising the Registrar on matters pertaining to pensions management.
• Providing the framework for inspections towards enhancement of management decisions in pensions management.
• Managing and administrating the Department, including the management of personnel and budgets
• Oversees the Pensions Registration process of operators in the pensions industry.
• Formulating and enforces standards of conduct for Pension schemes business and Trusts.

Qualifications

• Full Grade 12 certificate with credit or better in Mathematics and English.
• Bachelor’s degree in Actuarial analysis, Business Management, Law or Accounting or Business related field.
• Master’s degree in business related field
• 10 years working experience, including industrial exposure, 5 years at managerial level to gain necessary exposure in Pension or Insurance industry.

Skills

• Excellent quantitative and qualitative skills
• Ability to interpret legislation as well as financial reports;
• Ability to make decisions on empirical evidence,
• Solid understanding of the role of regulation and supervision in financial services
• Highly objective and ethical.
• Excellent interpersonal, communication, mentoring, organizational and coordination skills

How to apply

Applicants meeting the above qualifications and experience should submit an application letter, certified or ZAQA verified copies of qualifications and Curriculum Vitae in a sealed envelope to the address below, not later than 12th January, 2024.

The Human Resource and Administration Manager

Pension and Insurance Authority

Stand No. 4618, Lubwa Road, Rhodespark

P/Bag 30x, Ridgeway

LUSAKA

Please note that the Authority is an equal opportunity employer and only shortlisted applicants will be contacted.