Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Manager, New Products
Are you ready to embark on a transformational journey? We are seeking a dynamic and forward-thinking leader to join us as the Manager, New Products. If you thrive in dynamic environments and are committed to continuous innovation of pension products and benefits, this is the opportunity for you!
The Rwanda Social Security Board aspires to transform towards a modern, high performing institution that is committed towards improving pension products and benefits.
This role offers a unique opportunity to be at the forefront of a major transformation that will drive pension products, policies and procedures. Reporting to the Head, Ejoheza, the Manager, New Products will be responsible for new product planning, development, and marketing.
About RSSB
The Rwanda Social Security Board (RSSB) has the mandate to manage and promote social security in Rwanda. RSSB’s vision is to provide a comprehensive social security system that caters to the diverse social security needs of the population, RSSB plays an important role in realising Vision 2050 and the National Strategy for Transformation (NST1). RSSB manages six social security schemes, namely: Pension, Occupational Hazards, Medical scheme, CBHI, Maternity Leave Benefits and EjoHeza (Long-term Term Saving Scheme).
As a leading player in the financial sector, RSSB serves as the largest institutional investor in Rwanda. With assets under management amounting to 2.06 trillion Rwf , which is equivalent to over 15% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in growing the country’s financial sector. With approximately 12 million members in the above six schemes, encompassing over 90% of Rwanda’s population, RSSB is at the forefront of securing the health and financial well-being of Rwandans.
To achieve its important mandate, RSSB is embarking on a transformative journey, aiming to become a modern, data-driven, and high-performing institution. As part of this ambitious initiative, we are seeking highly motivated individuals who are results-oriented and uphold the highest standards of professionalism and integrity. By joining RSSB, you will have the opportunity to actively contribute to the advancement of social security and overall transformation of Rwanda.
If you are passionate about making a meaningful impact, ready to embrace innovation and change, and eager to work in a dynamic and collaborative environment, then RSSB is the place for you.
Roles & Responsibilities
- Define the product strategy and roadmap with prioritized features and corresponding justification
- Develop and regularly revise EjoHeza product and benefits improvement policies and procedures
- Research and advise senior management on potential new EjoHeza products
- Engage with relevant stakeholders on diversifying social security products and improving the social security benefits portfolio
- Participate in actuarial valuation of EjoHeza scheme
- Work with Manager, Partnerships and Mobilization to assess partnerships and licensing opportunities
- Develop the core positioning and messaging for the new product of Ejoheza pension scheme and perform product pilot demos to customers
- Drive the new product for Ejoheza pension scheme and business-planning process
- Regularly engage customers to get their feedback on current EjoHeza benefits package and potential improvements
- Ensure that Ejoheza pension scheme is effective and meet agreed quality, performance and customer care standards
- Identify business growth opportunities and propose roadmap for implementation
- Define the new product vision, and work closely with the Manager benefits and Head Ejoheza to ensure success of the products
- Manage the new Ejoheza product throughout the Product Life Cycle
- Ensure compliance with current statutory legislation and regulations
- Implement the strategic and annual business work plans of the function
- Coordinate the preparation and ensure timely submission of periodic and annual reports
- Ensure motivation, cohesiveness, and alignment of the team under his/her supervision, monitor performance of the team and implement corrective action for poor performance
- Perform any other duties related to EjoHeza New Products as may be assigned from time to time.
Key Requirements
The successful candidate must have at least:
- Master’s Degree in Finance, Economics, Actuarial Science, Marketing, Accounting, Business Management or any other relevant field with at least 4 years’ relevant experience, 2 of which should have been in supervisory role
OR
- Bachelor’s Degree in Finance, Economics, Actuarial Science, Marketing, Accounting, Business Management, or any other relevant field with at least 6 years’ relevant experience, 2 of which should have been in supervisory role
Key Competencies
Technical Competencies:
- Strong Product Development Skills
- Benefits analysis and planning
- Marketing Skills
- Benefit calculation
- Claims management skills
- Cost benefits analysis
- Analytical skills
- Understanding of the insurance industry
- Basic actuarial methods
- Understanding sector trends
- Information sharing
- Managing Resources
- Project Planning Management
- Knowledge of relevant laws and regulations
Behavioral Competencies:
- Client Service Focus
- Communication & Interpersonal Skills
- Integrity and Confidentiality
- Proactive and Engaging
- Strong Personality
- Value for money
- Attention to details
- Team Leader
- Result and Data Driven
- Breakthrough Innovation
- Technology Savvy
- Strategic Thinking
- Problem Solving & Quality Decision Making
- Leading & empowering others
- Driving and managing change
Additional Information
The position is based in Kigali, Rwanda and applicants must be willing to relocate outside their countries of domicile.
RSSB reserves the right to appoint or to issue an employment contract to the successful candidate.
Interested candidates are advised to visit the RSSB website for a more detailed job description for the role, and submit your application online by 11 January 2024.
In addition, please attach a curriculum vitae that contains details of your qualifications, experience and positions held relevant to this role. Include your day and evening telephone numbers, email address, names and address of three professional referees. Also, attach copies of your academic and professional qualifications.
Any form of canvassing will lead to automatic disqualification.
Only short-listed applicants will be contacted.
Shortlisted candidates will be required to submit a valid Criminal Clearance Certificate.
RSSB is an Equal Opportunity Employer
Click here for more details & Apply
