Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Head, Pension and Pre-Retirements Benefits
Are you looking for a rewarding and fulfilling career opportunity? We are seeking a dynamic and forward-thinking leader to join us as the Head, Pension and Pre-Retirements Benefits and be part of a dynamic team at the helm of the transformation of the Rwanda Social Security Board, as we aspire to become a modern, high performing institution that is actively contributing to the transformation of Rwanda’s economy.
RSSB is tasked with the important mandate of providing financial security and equitable access to quality healthcare to millions of hardworking Rwandans across the country. As we continue our journey of transformation, we are committed to revolutionizing the way pensions and pre-retirement benefits are enhanced and managed to create a strong foundation for a dignified retirement for all our members.
In this influential role, you will have the chance to redefine retirement security and drive innovation in the management of retirement benefits and shaping the future of pension products and services. Collaborating with a competent team of professionals, you will navigate progressive strategies and innovative technologies to build a sustainable and inclusive pension scheme that meets the evolving needs of our diverse society.
Reporting to the Chief Benefits Officer, the Head, Pension and Pre-Retirements Benefits will be responsible for managing all activities of the pension and pre-retirement benefits and ensuring timely payment of benefits and provision of quality services to beneficiaries.
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 1.9 trillion Rwf, which is equivalent to 17% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in providing up to 20% of liquidity for the financial sector. With approximately 12 million members in the above six schemes, encompassing close to 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.
Key Duties and Responsibilities
- Ensure the review of the schemes’ projection of members, collections, benefit pay-outs and expenses to ascertain the schemes financial soundness
- In collaboration with strategy department, participate in the preparation and implementation of actuarial valuation reviews of the schemes under management
- Take stock of the schemes’ trends and advise the management on strategies and policies of improving social security coverage both vertically and horizontally.
- Provide instructions to carry out investigations on occupational risks, ensure fraud cases are properly conducted, and analyse and approve investigation reports
- Ensure compliance with established policies and objectives of the institution
- Detect and prevent frauds and malpractices in the three schemes
- Follow up pension benefits of Rwandans who worked abroad
- Ensure availability of periodical statistics of the injuries
- Make recommendations for improving matters affecting operations of the department, identify gaps and propose training needs
- Ensure availability and implementation of policies guiding operations of the department
- Ensure provision of quality services to beneficiaries in accordance with standards set
- Approve pension, occupational hazards, and maternity leave benefits files before payment
- Establish the strategic and operational plans of the department and prepare its budget
- Oversee the institution’s operations regarding Pension and Pre-retirement Benefits to ensure efficiency, quality services and cost-effective management of resources
- Review activity reports to determine progress and status in attaining objectives
- Engage with relevant internal and external stakeholders in the course of work while upholding and promoting RSSB’s image
- Oversee staff under his/her supervision for compliance and evaluate the performance of staff in the department
- Perform any other duties related to the Pension and Pre-Retirement department as may be assigned by the supervisor
Key Qualifications and Experience
The successful candidate must have at least:
- Master’s Degree in Business Management, Business Administration, Social Sciences, Medicine, public health, Social Protection Financing, Economics, Actuarial science, Insurance, or a relevant field with at least 6 years’ experience, 2 of which should have been in a managerial role.
OR
- Bachelor’s Degree in Business Management, Business Administration, Social Sciences medical sciences, public health, Economics, Actuarial science, Insurance, or a relevant field with at least 8 years’ experience, 2 of which should have been in a managerial role.
Key Competencies
Technical Competencies:
- The incumbent must have in-depth knowledge in pension administration
- The role holder must have sound understanding in benefit calculation and cost benefits analysis
- The incumbent must have a strong knowledge in portfolio performance management
- The role holder should have good working knowledge and understanding in basic actuarial methods and ability to analyse data and draw inferences
- The role holder must have sound knowledge and understanding on labour legislation
Behavioral Competencies:
- Must demonstrate impeccable customer service focus, strategic thinking, and strong ethical background with an ability to resist and zero tolerance for corrupt, political and other undesirable influences
- Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike
- Must be open to change and adapt established methods for new uses within the institution
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 Thursday 13, July 2023.
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
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